How is the equilibrium price found using a supply and demand graph?
A. It is found where the supply curve meets the demand curve.
B. It is found at the lowest point of the supply curve.
C. It is found at the midpoint of the supply curve.
D. It is found at the midpoint of the demand curve.

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Answer:

A. It is found where the supply curve meets the demand curve.

Explanation:

Correct for APEX

Using a supply and demand curve, the equilibrium price can be found where both the curves meet at one point.

Option A is correct.

What is demand?

Demand is one of the forces of market which describes about the customers acquiring goods from the market.

When the demand curve meets the supply curve at a particular price, then that point is regarded as an equilibrium price. It is the situation where both demand and supply are same.

Therefore, option A is representing the point of equilibrium price.

Learn more about the demand curve in the related link:

https://brainly.com/question/516635

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