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Which point on the graph represents the equilibrium price?

1 Answer

4 votes

To identify the equilibrium price on a graph, you would need to locate the point where the supply and demand curves intersect. At this point, the quantity demanded by consumers is equal to the quantity supplied by producers, resulting in a market equilibrium.

Without seeing the graph in question, it's difficult for me to give a specific answer. However, if you have a graph that shows the supply and demand curves for a particular product or service, you can look for the point where these curves intersect to find the equilibrium price.


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User Kushtrim
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