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What is the equilibrium price shown on this graph​

What is the equilibrium price shown on this graph​-example-1

2 Answers

6 votes

The answer is 4, because that's where the lines intercept.

User Subhrajyoti Sen
by
3.2k points
4 votes

Answer:

$4

Explanation:

The equilibrium price is the point where the two lines are equal, i.e. the point of intersection of the two lines.

Therefore, the solution is $4

User Tony Tannous
by
3.3k points