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In the graph, what information is determined by looking at the intersection of the supply and demand curves?
A.) The relative efficiency of production
B.) amount supplied at a specific price
C.) increase in demand
D.) equilibrium price

USA TEST PREP

In The Graph What Information Is Determined By Looking At The Intersection Of The Supply And Demand Curves A The Relative Efficiency Of Production B Amount Supp class=

Sagot :

Parrain

Answer: D.) equilibrium price

Explanation:

The Supply curve shows the different combinations of prices and quantities of goods that Suppliers are willing to offer while the Demand curve shows the combination of goods and the prices the consumers can buy at.

When these two curves intersect as is the case in the graph, they give an equilibrium price which is the price that suppliers are willing to sell their goods at and consumers are willing to buy t.

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