The point at which the supply curve and the demand curve intersect is the market price. True False

# Explanation:<br />## Step 1<br />The point at which the supply curve and the demand curve intersect is known as the equilibrium point. This is a fundamental concept in economics.<br /><br />## Step 2<br />At the equilibrium point, the quantity of goods that producers are willing to supply at a certain price equals the quantity of goods that consumers are willing to buy at that price. This means that the market is in balance, and there is no surplus or shortage of goods.<br /><br />## Step 3<br />The price at which this intersection occurs is referred to as the equilibrium price, or the market price. This is the price at which the quantity demanded by consumers equals the quantity supplied by producers.<br /><br />: <br />True