What is the point at which the supply curve and the demand curve intersect on a graph?
A) equilibrium price
B) decision point
C) surplus price
D) perfect price
E) parity point

Question

Quizplus · Accepted Answer

A)The equilibrium price is determined by the shape of the supply curve and the demand curve when plotted by amount available and price. The equilibrium price is set at the point at which the supply curve and the demand curve intersect.

What Is the Point at Which the Supply Curve and the Demand