Question

13

Select the correct answer.
Which statement defines equilibrium in a graph showing demand and supply curves?
OA.
It is the point where the demand and supply curves intersect.
OB.
It is the point where the demand and supply curves begin.
Ос. .
It is the point on the demand curve where demand is highest.
OD. It is the point on the supply curve where supply is highest.
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Answer 1

It is the point where the demand and supply covers intersect.