What is archived when supply meets demand
When supply meets demand, it means that the amount of a particular product or service available in the market is equal to the amount that consumers are willing to buy. In this situation, the supply and demand forces are balanced, resulting in an equilibrium.
When supply meets demand, it can lead to a few outcomes. One possibility is that the product or service is readily available and can be purchased without any difficulty. In this case, the excess supply may lead to lower prices as sellers compete to attract customers. Consumers benefit from lower prices and have more options to choose from.
On the other hand, if demand exceeds supply, it can lead to shortages. This may cause prices to increase, creating an imbalance in the market. In such cases, some consumers may not be able to purchase the desired product or service due to limited availability.
In summary, when supply meets demand, it signifies a state of balance in the market where the desired quantity of a product or service is available to meet consumer demand.