When plotted on a graph,the supply curve and the demand curve will normally ________.
A) run parallel to one another
B) cross one another at some point
C) be far apart due to the differences between supply and demand in an economy
D) get closer together as demand increases, but never intersect

Question

Quizplus · Accepted Answer

The supply curve and the demand curve will cross one another at some point, which is known as the equilibrium point. This point represents the quantity at which the amount of goods that buyers are willing to buy matches the amount that sellers are willing to sell, resulting in a stable market price.

When Plotted on a Graph,the Supply Curve and the Demand