what is the price at which equilibrium is achieved?\n$8\n$9\n$10\n$30
what is the price at which equilibrium is achieved?\n$8\n$9\n$10\n$30
Answer
Explanation:
Step1: Locate equilibrium point
The equilibrium point is where the supply and demand curves intersect on the graph.
Step2: Read price value
At the intersection point, the corresponding price on the y - axis (Price in Dollars) is $9.
Answer:
$9