Graphically, the equilibrium quantity can be identified as the:

Question

Quizplus · Accepted Answer

Equilibrium quantity is the quantity at which the quantity demanded and quantity supplied are equal. This occurs at the intersection of the demand and supply curves, making option B the correct answer. Options A and D are incorrect as they refer to either the maximum quantity buyers are willing to buy or the maximum quantity sellers are willing to sell, but these do not necessarily correspond to the equilibrium quantity. Option C refers to the quantity at which the demand curve intersects the price axis, which is the quantity demanded when the price is zero, and is therefore not the equilibrium quantity.

Graphically, the Equilibrium Quantity Can Be Identified as The