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Question
which is shown by the intersection of the supply curve and the demand curve?
○ amount that supply influences demand
○ equilibrium price of a good or service
○ cost of production for a commodity
○ maximum price consumers will pay
The intersection of supply and demand curves represents the point where the quantity supplied equals the quantity demanded, which corresponds to the market's equilibrium price (and quantity) for a good or service. The other options do not describe this intersection: supply does not influence demand at this point, production cost is related to supply only, and the maximum consumer price is the demand curve's upper limit, not the intersection.
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equilibrium price of a good or service