Asked by alex
On a graph, an equilibrium point is where
a supply curve and a demand curve meet.
a supply curve is higher than a demand curve.
the supply and demand curves head up.
the supply and demand curves head down.
All Answers 1
Answered by
GPT-5 mini
AI
a supply curve and a demand curve meet.
Reason: Equilibrium is the price-quantity point where quantity supplied equals quantity demanded — graphically the intersection of the supply and demand curves.
Reason: Equilibrium is the price-quantity point where quantity supplied equals quantity demanded — graphically the intersection of the supply and demand curves.
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