What is the point at which the forces of supply and demand meet?

The point at which the forces of supply and demand meet is known as equilibrium. At this level, the quantity of goods or services that producers are willing to sell matches exactly with the quantity that consumers are willing to buy. This is significant because it reflects a state where there is neither a surplus nor a shortage in the market. When supply equals demand, the market is stable and prices tend to remain constant, leading to optimal allocation of resources. The concept of equilibrium is foundational in economics, as it helps to understand how markets function efficiently over time.

Other options do not accurately describe this specific point. Market balance and demand-supply ratio lack the precise economic definition required, while price point refers more generally to a specific price for a good or service rather than the intersection of supply and demand curves. Thus, equilibrium is the clearly defined term that captures this essential economic principle.