multiple choice 2 points how is the equilibrium price found using a supply and demand graph? a. it is found…

multiple choice 2 points how is the equilibrium price found using a supply and demand graph? a. it is found at the midpoint of the supply curve. c. it is found at the midpoint of the demand curve. d. it is found where the supply curve meets the demand curve. b. it is found at the lowest point of the supply curve.

multiple choice 2 points how is the equilibrium price found using a supply and demand graph? a. it is found at the midpoint of the supply curve. c. it is found at the midpoint of the demand curve. d. it is found where the supply curve meets the demand curve. b. it is found at the lowest point of the supply curve.

Answer

Brief Explanations:

In economics, the equilibrium price is the price at which the quantity demanded equals the quantity supplied. On a supply - and - demand graph, this occurs at the intersection of the supply curve and the demand curve.

Answer:

d. It is found where the supply curve meets the demand curve.