in the diagram to the right point a provided the point b the
and point c the
Quest Concept: Market Equilibrium 2 point B the and point C the In the diagram to the right, point A provides the OA. equilibrium price, surplus or shortage; equilibrium quantity OB. market clearing price, equilibrium point, shortage OC. equilibrium pice, market equilibrium; surplus OD. equilibrium price, market equilibrium, equlibium quantity Click to select your answer and then click Check Answer Check Answ Clear Al All parts showing Poiactin aorttolin Tyne here to search (un ed sop) 0u C
Answer
Price Quantity Market equlibrium occur at a point when demand and supply intersect each other, and corresponding axises or vecticle line from that on the axies gives Equilibicum their equilibrium price and quantity. Sø. A:- Equibrilem Price Bir y Market Equilibrium ci equilibrium quentity In the diagram, Point A provies the equilibrium price. Point B the Market equilibrium and point on the Equilibrium quantity option ② is correct ]