Answer:
The point at which quantity demanded and quantity supplied are equal.
Explanation:
Market equilibrium is measured based in the relationship of quantity of supply of a product and services versus the demand of it. When the quantity supplied is not equal to quantity demanded in a market the market is in disequilibrium, it is either: surplus - when quantity supplied is more than quantity demanded or shortage- when quantity demanded is more than quantity supplied.
While Market equilibrium is the point which the goods and services being supplied are equal to the quantity being demanded and consumed.
