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Which of these points on the graph represents the equilibrium price?

A.
A
B.
B
C.
C

Which of these points on the graph represents the equilibrium price? A. A B. B C. C-example-1
User Sconibulus
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5.1k points

2 Answers

3 votes

Answer:

A

Step-by-step explanation:

plato

User Joe Simmons
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5.3k points
2 votes

Answer:

A ( A )

Step-by-step explanation:

point A on the graph represents the equilibrium price on the graph because at point A supply was equal to demand ( crossed each other).

Equilibrium price is the price at which the supply of a particular good/service is equal to the demand of such good/service in the open market. equilibrium price is sometimes seen as a fair price for bought buyers and sellers of the good/service in the market.

Equilibrium price is an ideal situation in Business and it is often very impossible to attain in most goods and services .

User Brian Clark
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5.4k points