on a graph, an equilibrium point is where a supply curve and a demand curve meet. a supply curve is higher…
on a graph, an equilibrium point is where a supply curve and a demand curve meet. a supply curve is higher than a demand curve. the supply and demand curves head up. the supply and demand curves head down.
Answer
Brief Explanations:
In economics, the equilibrium point on a supply - demand graph is defined as the intersection of the supply curve and the demand curve. At this point, the quantity supplied equals the quantity demanded.
Answer:
a supply curve and a demand curve meet.