What is the point at which the quantity of agricultural goods supplied equals the quantity demanded in the market known as?

The point at which the quantity of agricultural goods supplied equals the quantity demanded in the market is called the equilibrium point. At this point, farmers are producing just enough crops to meet the needs of consumers, so there is no excess supply or shortage. For example, if a farmer grows 100 apples and consumers are willing to buy exactly 100 apples, the market is in equilibrium. This balance is important because it helps keep prices stable; if there are too many apples, prices might drop, and if there aren’t enough, prices could rise. Understanding this concept helps us see how supply and demand work together in agriculture.