Question

Look at the graph examining the market for graphic T-

shirts.
Which option represents equilibrium as it appears on this
graph?
Daily Market for Graphic Tees
at the Clothing Shop
5 graphic T-shirts on sale for $6
10 graphic T-shirts on sale for $30
30 graphic T-shirts on sale for $10
55 graphic T-shirts on sale for $6
Price in Dollars
Supply
Demand
20300
Quantity Supplied
Save and Fxit

Answer 1

C. 30 graphic T-shirts on sale for $10

Explanation:

Answer 2

The point equilibrium is obtained as the '30 graphic T-shirts are on sale for $ 10'.

Explanation:

From the graph, the cost price and selling price both of 30 graphic T-shirts are equal to $ 10 as the supply and demand price curves intersect at (30, $10).

Hence the point equilibrium is obtained as the '30 graphic T-shirts are on sale for $ 10'.

We know that the point of equilibrium, i. e., Cost price = Selling price is obtained where the supply and demand price curves intersect.