stazia1999
Answered

On a graph, an equilibrium point is where

-a supply curve and a demand curve meet.

-a supply curve is higher than a demand curve.

-the supply and demand curves head up.

-the supply and demand curves head down.

Verified Answer :

Kalahira

The answer is that an equilibrium point is where a supply curve and a demand curve meet. When you look at a supply curve graph and a demand curve graph, you will notice a point at which the two points intersect. This intersection means that the supply equals the demand and is known as the equilibrium point.

MrRoyal

On a graph, an equilibrium point is where a supply curve and a demand curve meet.

What are graphs?

Graphs are visual display or representations of functions and equations

When the supply curve and the demand curve meets, the point of intersection is the equilibrium point

Hence, the true statement is (a) a supply curve and a demand curve meet

Read more about equilibrium point at:

https://brainly.com/question/110832

Related Questions