Question

Equilibrium price is the price when ________.

A

supply is greater than demand

B

supply is less than demand

C

demand is very high

D

supply is equal to demand

Medium
Updated on : 2022-09-05
Solution
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Correct option is D)

Equilibrium price is when the demand is equal to supply.
In the diagram the point where demand and supply intersect is the equilibrium.
Image result for equilibrium price

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