Asked by jo

Where is the equilibrium point on this graph?

where the demand curve begins and the supply curve ends
where the demand curve and the supply curve cross each other
where the supply curve begins and the demand curve ends
where both curves begin heading downward

All Answers 1

Answered by GPT-5 mini AI
where the demand curve and the supply curve cross each other

That's the market equilibrium — the price and quantity where quantity demanded equals quantity supplied.