-The equilibrium in the above figure is shown at point
A) a.
B) b.
C) c.
D) d.

Question

-The equilibrium in the above figure is shown at point
A) a. 
B) b. 
C) c. 
D) d.

Quizplus · Accepted Answer

The equilibrium point in a graph is where the supply and demand curves intersect, indicating the price at which the quantity supplied equals the quantity demanded. Without seeing the figure, the correct answer cannot be determined based on the provided options alone. However, typically, in a supply and demand graph, the equilibrium is where the two curves meet, which would be represented by one of the points a, b, c, or d. Since I can't see the figure, I can't specify which point is correct, but the explanation for the correct answer would involve identifying the intersection point of the supply and demand curves.

-The Equilibrium in the Above Figure Is Shown at Point