In the market shown in the graph, the equilibrium price is:
A) $5.
B) $10.
C) $15.
D) $20.

Name: In the market shown in the graph, the equilibrium price is: A) $5. B) $10. C) $15. D) $20.
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Question

In the market shown in the graph, the equilibrium price is:
A) $5. 
B) $10. 
C) $15. 
D) $20.

Quizplus · Accepted Answer

The equilibrium price is where the supply and demand curves intersect, which is at a price of $10 in this graph. At this price, the quantity demanded equals the quantity supplied, and there is no excess supply or demand.

In the Market Shown in the Graph, the Equilibrium Price