Question

1 point
4. The point at which the quantity
demanded equals to supplied is the
O
total supply
O total demand
O equilibrium point
O production​

Answer 1

Answer:

The equilibrium is the only price where quantity demanded is equal to quantity supplied. At a price above equilibrium, like 1.8 dollars, quantity supplied exceeds the quantity demanded, so there is excess supply.

Answer 2

Answer:

equilibrium point is the correct answer