Answered

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Question 25 of 25
Which of the following is located at the point where the supply and demand
curves intersect?
A. The equilibrium price.
B. The maximum demand.
C. The level of efficient production.
D. The minimum supply.
PLEASE HELP ABSOLUTELY NO LINKS OR WILL REPORT!!!! Thanks in advance

Sagot :

Parrain

Answer: A. The equilibrium price.

Explanation:

The supply curve represents the various prices that suppliers are willing to sell their goods at various quantities and the demand curve represents the various prices that consumers are willing to buy the various quantities of a good.

When these curves intersect, they create a market equilibrium price which is the price where both the consumers and the sellers are willing to buy and sell a certain quantity of goods and services.

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