3
QuizMultiple Choice

The Law of Supply and Demand

Question 3 • 2102320-Economics HONORS - Edgenuity Teacher

On a supply and demand graph, equilibrium is the point where

Answer
A
the two curves meet.
B
the supply curve begins.
C
the supply curve ends.
D
the demand curve ends.

Explanation

Equilibrium occurs where the quantity supplied equals the quantity demanded. On a supply and demand graph, this is the point where the supply and demand curves intersect—the two curves meet. The beginning or end of either curve does not define equilibrium.

AI-written and checked against the verified answer.

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