At the equilibrium price, quantity demanded is

At the equilibrium price, quantity demanded is equal to quantity supplied. The equilibrium price is the point at which the quantity of a product or service demanded by buyers is equal to the quantity of the product or service supplied by sellers. At this point, there is no shortage or surplus of the product or service, as the market has reached a balance between what buyers are willing to pay and what sellers are willing to accept. If the price is below the equilibrium level, then the quantity demanded by buyers will be greater than the quantity supplied by sellers, leading to a shortage and upward pressure on prices. Conversely, if the price is above the equilibrium level, then the quantity supplied by sellers will be greater than the quantity demanded by buyers, leading to a surplus and downward pressure on prices. Therefore, at the equilibrium price, the quantity demanded by buyers and the quantity supplied by sellers are in balance, which leads to a stable market price and quantity.