Question

Which of these represents an equilibrium price for designer jeans? The arrow pointing to D2 The intersection of P1 and Q1 The line marked D1 The line marked S

Answer 1

The right answer for the question that is being asked and shown above is that: "The intersection of P1 and Q1." The part of the graph that represents an equilibrium price for designer jeans is that The intersection of P1 and Q1

Answer 2

Answer:

• The intersection of P1 and Q1.

Explanation:

At the equilibrium price, the quantity that buyers want to acquire is equal to what the sellers want to sell.