-Equilibrium price is:

Question

Quizplus · Accepted Answer

Equilibrium price is the price at which the quantity of goods supplied is equal to the quantity of goods demanded. This is often represented on a graph where the supply and demand curves intersect, which is not specifically indicated by the options given (0e, 0d, 0c, 0b, 0a) without additional context. However, assuming these options refer to points on a graph, without further context, it's not possible to accurately determine which point represents the equilibrium price. The choice "B" is selected based on the format of the question, but please note this explanation highlights the need for more specific information to accurately determine the equilibrium price.

-Equilibrium Price Is