The equilibrium price according to the graph is $3.00. Option C.
What is an equilibrium price?
An equilibrium price of a product is the price that equates the demand for the product with its supply.
In other words, the equilibrium price is the price at which demand equals supply.
On a graph of price against quantity, the demand curve slopes downward from left to right. On the other hand, the supply curve slopes upward from left to right on the same graph.
The price at which the demand curve intersects the supply curve on the graph is known as the equilibrium price.
From the graph, the approximate value of the equilibrium price is $3.00.
More on the equilibrium price can be found here: https://brainly.com/question/21329957
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