Discover the answers you need at Westonci.ca, where experts provide clear and concise information on various topics. Get quick and reliable solutions to your questions from a community of experienced experts on our platform. Join our Q&A platform to connect with experts dedicated to providing accurate answers to your questions in various fields.
Sagot :
The price at which equilibrium is achieved is $20.
How to illustrate the equilibrium?
The equilibrium point is the point where the lines of the demand and supply functions meet.
From the question, we understand that price is plotted on the vertical axis (i.e. the y-axis).
Also from the question, the lines intersect at point (15, 20).
The y-coordinate of the intersection point is 20 in this scenario.
Hence, the price at which equilibrium is achieved is $20.
Learn more about equilibrium on:
brainly.com/question/110832
#SPJ1
Thanks for using our platform. We aim to provide accurate and up-to-date answers to all your queries. Come back soon. We appreciate your time. Please revisit us for more reliable answers to any questions you may have. Find reliable answers at Westonci.ca. Visit us again for the latest updates and expert advice.