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Which point on the graph represents the equilibrium price?

Which point on the graph represents the equilibrium price?-example-1
User Mr Peach
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2 Answers

6 votes
A because both lines meet

User Statut
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Answer: A' is the point representing the equilibrium price.

Explanation:

Since we have given the figure in which we have "Demand Curve and Supply Curve":

Both are intersecting at A and

Demand curve has the highest point at B.

Supply Curve has the highest point at C.

Equilibrium is the point at which both the curves get intersected.

Here, we can see that at 'A' both get intersected and

Equilibrium price will be $3. and equilibrium quantity will be 300 units.

Hence, 'A' is the point representing the equilibrium price.

User Inigo Selwood
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