Question

On a supply and demand graph, equilibrium is the point whereO the two curves meet.the supply curve begins.the supply curve ends.the demand curve ends.

Answer 1

Answer:

Option a) two curves meet.

Step-by-step explanation:

Given that on a supply and demand graph, equilibrium is the point where O the two curves meet.

The demand curve slopes downward with representing when prices rise demand fall such that demand * price = constant.

Supply curve denotes the price at which suppliers are sellig at the prices.

Equilibrium price is being the price at which demand = supply

Hence where the two points intersect there is an equilibrium where demand and supply curves meet.

Answer 2

On a supply and demand graph, equilibrium is the point where the two curves meet. The equilibrium occurs where the quantity demanded is equal to the quantity supplied and it is determined by the intersection of the demand and supply curves.At this point, the allocation of goods is at its most efficient.