Question

The equilibrium price is located at which of the following points?
A. Where the supply curve is at its lowest.
B. Where the demand curve reaches its peak.
C. Where the supply and demand curves intersect.
D. Where the production possibilities frontier is furthest to the right.

Answer 1

The right answer of the given question is option B. Where the demand curve reaches its peak.  

The equilibrium price is at its peak point when the demand curve reaches at its peak.

The equilibrium price is when the market price at which the quantity of supply meets the goods demanded.

At this point the demand and supply curves intersect.