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The point where supply and demand intersect is the equilibrium point. This is the point where quantity demanded and quantity supplied are equal. The point where supply and demand intersect is the equilibrium point. This is the point where quantity demanded and quantity supplied are equal.
Price points A, B, and C, along a demand curve (where P is price and Q represents demand)[1] There are a few notable price points: Substitution price points occur at the price of a close substitute. When an item's price rises above the cost of a close substitute, the quantity demanded drops sharply. Customary price points.