When we plot a supply curve and a demand curve for apples on one graph,the point at which the two points intersect is the _____.
A)stable price
B)consumer price index
C)equilibrium price
D)gross product

Question

Quizplus · Accepted Answer

The point at which the supply curve and demand curve intersect is known as the equilibrium price, where the quantity supplied equals the quantity demanded.

When We Plot a Supply Curve and a Demand Curve