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The point at which the amount of goods buyers want to buy exactly equals the amount of goods sellers want to sell, and at which the highest price buyers are willing to pay exactly equals the lowest price sellers are willing to take is called the:_____________.

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sandlee09

Answer:

equilibrium point

Explanation:

Based on the information provided within the question it can be said that the point that is being described in this scenario is called the equilibrium point. In the context of economics, the equilibrium point is the exact point in which both the supply and demand of a product meet, meaning that it is the exact price in which buyers and sellers agree to both pay and accept.

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