Economy, asked by MexiKing, 9 months ago

How are the equilibrium price and the equilibrium point related

Answers

Answered by Anonymous

Answer:

The equilibrium price is the price at which the quantity demanded equals the quantity supplied. Graphically, it is the point at which the two curves intersect. Mathematically, it can be found by setting the demand and supply curves equal to one another and solving for price........❤✌

Answered by saughat

Answer:The equilibrium price is the price at which the quantity demanded equals the quantity supplied. Graphically, it is the point at which the two curves intersect. Mathematically, it can be found by setting the demand and supply curves equal to one another and solving for price.

Explanation:

Previous Question

Next Question

Similar questions

Social Sciences, 4 months ago

count the number of recognised languages used on our currency notes...

Geography, 4 months ago

Fast guys fast urgent...

English, 4 months ago

Break, Break, Brea SELF, FAMILY, HOME, Break, break, break, On thy cold gray stones, O Sea! And I would that my tongue could utter The thoughts that arise in me.

Physics, 9 months ago

the physical quantity of the dimensions of length can be formed out of c g and e^2/4π€o...