2 years ago

Which statement defines equilibrium in a graph showing demand and supply curves?

English

2 answers:

zubka84 [21]2 years ago

6 0

I believe it is the point where the demand and supply curves intersect.

wlad13 [49]2 years ago

5 0

The statement that defines equilibrium in a graph showing demand and supply curves is It is the point where the demand and supply curves intersect. Equilibrium price is the price at which the quantity supplied is equal to the quantity demanded. The equilibrium quantity is the point in which supply and demand intersect.

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