morganv12
morganv12 morganv12
  • 11-03-2020
  • Business
contestada

Which point on the graph represents the equilibrium price?

А. A
B. B
C. C

Which point on the graph represents the equilibrium price А A B B C C class=

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akindeleot
akindeleot akindeleot
  • 11-03-2020

Answer:

The point "A" on the graph represents the equilibrium price.

Explanation:

At point B, the quantity supplied and demanded is low while the price is very high.

At point C, the quantity supplied and demanded is very high while the price is very high.

At point A, the quantity and price is balanced.

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soupixo
soupixo soupixo
  • 11-03-2020
The answer is A. Good luck
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