AddieUnchained AddieUnchained

02-04-2018
Mathematics

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Using the above supply/demand graph, what is the price at the point of equilibrium? a. 105 b. 100 c. 95 d. 80

Using the above supplydemand graph what is the price at the point of equilibrium a 105 b 100 c 95 d 80 class=

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stumpj781 stumpj781

20-11-2018

As stated by others, the correct answer out of the choices is A.) 105

Have a great day | night everyone! :)

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calculista calculista

12-02-2019

Answer:

Option A. [tex]\$105[/tex]

Step-by-step explanation:

we know that

The point of equilibrium is when the price of the supply is equal to the prive of the demand

Observing the graph

The intersection point is equal to [tex](80,105)[/tex]

The y-coordinate is equal to the price

therefore

The price at the point of equilibrium is [tex]\$105[/tex]

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