On a supply-and-demand diagram,equilibrium is found
A) where the supply curve intercepts the vertical axis.
B) where the demand curve intercepts the horizontal axis.
C) where the demand and supply curves intersect.
D) at every point on either curve

Question

Quizplus · Accepted Answer

Equilibrium is found at the point where the demand and supply curves intersect, indicating the point where the quantity demanded and supplied are equal and there is no surplus or shortage.

On a Supply-And-Demand Diagram,equilibrium Is Found