The equilibrium point is at the confluence of the supply and demand curves. What does "confluence" mean?

intersection point

Explanation:

Confluence means a meeting point or coming together. It is the point at which two or more variables join together. In the law of demand and supply, the equilibrium point is the level where demand meets supply. It is the intersection point of the demand and supply curves.

Confluence point of demand and supply curves will mean the quantity demanded and the quantity supplied will be equal. The confluence point will give a price and quantity acceptable by both buyers and suppliers. As the confluence of demand and supply curves, buyers are willing and able to purchase all the quantities firms are selling at that price level.

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