michesamp09 michesamp09
  • 20-11-2019
  • Business
contestada

Which of the following is located at the point where the supply and demand curves intersect?

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AdeTolu
AdeTolu AdeTolu
  • 02-12-2019

Answer:

Equilibrium point

Explanation:

The point where supply curve intersects demand curve is known as the equilibrium point. At this point, the price of commodity supplied equals the price of commodity demanded. Also at this point, the quantity of commodity supplied equals quantity demanded for a commodity.

Thus, E = Qd = Qs

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acelynnshamrockk
acelynnshamrockk acelynnshamrockk
  • 10-03-2020

Answer: the equilibrium price

Explanation:

Answer Link

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