If you observe a stationary price for some commodity, you can guess that demand and supply curves intersect at that price.

Question

Quizplus · Accepted Answer

When demand and supply curves intersect, it represents the equilibrium price where the quantity demanded equals the quantity supplied. Therefore, if a stationary price is observed, it indicates that the market has achieved equilibrium, and the demand and supply curves intersect at that price.

If You Observe a Stationary Price for Some Commodity, You