15 multiple choice 5 points what does the point of intersection shown on the graph below represent? supply…

Brief Explanations:

In economics, the point of intersection of the supply and demand curves represents the equilibrium. At this point, the quantity of a good or service that producers are willing to supply is equal to the quantity that consumers are willing to demand. This results in an equilibrium price and equilibrium quantity in the market.

Answer:

The equilibrium price and quantity in the market.