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

The equilibrium price of an item, is the price of the item at the market. The supply must meet the demand in order to have an equilibrium price. To get the price, you will set the amount of the item given to the amount of the item supplied.

The price is important as it is influenced by the surrounding markets in the area. The price can change depending on the supply and demand of the items.

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MorganGregory1091 MorganGregory1091 · Answer 2 · 2020-01-22T16:01:21+01:00

MorganGregory1091 MorganGregory1091

22-01-2020

Answer:

it is D

Explanation:

i just did it on apex too

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

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