gabewinterrs
Answered

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What does "P" represent on the graph?
O the point where equilibrium is achieved
O the price at the equilibrium point
O the average price of goods sold
O the point where supply and demand drop

Sagot :

Smartgnome

Answer:

the price at the equilibrium point

Explanation:

gauravsingh23VT

The price at the equilibrium point is the  "P" represent on the graph. as equilibrium is the point were there is no change.

What happens at the equilibrium point?

When the volume given and demanded are equal, an equilibrium is reached. The amount demanded will exceed the quantity provided if the price is below the equilibrium level. A shortage or an excess of demand will exist.

Thus, option B is correct.

For more details about equilibrium point, click here:

https://brainly.com/question/1527528

#SPJ2

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