At the point where the supply curve crosses the demand curve on a graph
A) no profits will be made.
B) all products offered for sale will be sold.
C) a shortage will result if the price is too low.
D) no sales will be made.
E) a surplus will result if the price is too low.

Question

Quizplus · Accepted Answer

At the point where the supply curve crosses the demand curve on a graph, it is known as the equilibrium price and quantity. This is where the quantity demanded by consumers is equal to the quantity supplied by producers. Therefore, all products offered for sale will be sold, and there will be no shortage or surplus. This is the point where both buyers and sellers are satisfied with the market price, and the market is said to be in equilibrium.

At the Point Where the Supply Curve Crosses the Demand