Question

Using the above supply/demand graph, what is the price at the point of equilibrium? a. 105 b. 100 c. 95 d. 80

Answer 1

As stated by others, the correct answer out of the choices is A.) 105

Have a great day | night everyone! :)

Answer 2

Option A.
`\$105`

Explanation:

we know that

The point of equilibrium is when the price of the supply is equal to the prive of the demand

Observing the graph

The intersection point is equal to
`(80,105)`

The y-coordinate is equal to the price

therefore

The price at the point of equilibrium is
`\$105`