kourtneywebber kourtneywebber
  • 12-01-2017
  • English
contestada

Which statement defines equilibrium in a graph showing demand and supply curves?

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MissPhiladelphia
MissPhiladelphia MissPhiladelphia
  • 13-01-2017
When the amount demanded is equal to the amount supplied, then equilibrium is achieved, known as the market equilibrium (aka supply-demand equilibrium), where the quantity is equal to the equilibrium quantity and the price is equal to theequilibrium price.

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23stas67 23stas67
  • 18-08-2021

Answer:

A. It is the point where the demand and supply curves intersect.

Explanation:

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