Question

What is the equilibrium price? Where do you find it on a graph?

Answer 1

Equilibrium price is the market price meaning to determine the equilibrium price, you have to figure out at what price the demand and supply curves intersect.

Step-by-step explanation:

Answer 2

Answer: The equilibrium price is the market price where the quantity of goods supplied is equal to the quantity of goods demanded. This is the point at which the demand and supply curves in the market intersect. To determine the equilibrium price, you have to figure out at what price the demand and supply curves intersect.