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nlexa [21]
3 years ago
6

The supply/demand graph for bicycle helmets in a certain market is shown above.Find the price when supply and demand are in equi

librium. a. $30 b. $40 c. $70 d. $80

Mathematics
2 answers:
puteri [66]3 years ago
8 0

Answer:

C


Step-by-step explanation:

The Equilibrium Point is the place where the Demand Curve (D) and Supply Curve (S) intersects.


In the given coordinate system, the x axis gives us the quantity and y axis gives us the price. So we look at the y-value where the intersection of supply and demand curve occurs.


The intersection point of both the curves (lines) occur at the point where Quantity = 40 and Price = 70.


We want to know price, so it is $70, answer choice C.


a_sh-v [17]3 years ago
8 0

The answer is D. The lines intersect at the quantity of 40 and the price of 70

Hopes this helps

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