-This graph illustrates_______ .
A)how price dictates the supply of and demand for a product or service
B)how the supply of a product or service dictates demand for it
C)how supply and demand dictate the price of a product or service
D)how the demand for a product dictates its price

Question

-This graph illustrates_______ .
A)how price dictates the supply of and demand for a product or service 
B)how the supply of a product or service dictates demand for it 
C)how supply and demand dictate the price of a product or service 
D)how the demand for a product dictates its price

Quizplus · Accepted Answer

The graph shows the intersection of the supply and demand curves, which determines the equilibrium price and quantity of a product or service. This demonstrates how supply and demand dictate the price of a product or service.

-This Graph Illustrates_______