Question

How is the equilibrium price found using a supply and demand graph?

A. It is found where the supply curve meets the demand curve.
B. It is found at the lowest point of the supply curve.
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C. It is found at the midpoint of the supply curve.
D. It is found at the midpoint of the demand curve.

Answer 1

Answer: A. It is found where the supply curve meets the demand curve

Explanation: I just took the test on Ap ex