Market equilibrium is represented graphically by which feature?
AThe two curves being parallel
BSupply meeting the price axis
CDemand and supply intersecting
DDemand meeting the quantity axis
Answer & Solution
Correct answer: C. Demand and supply intersecting
The curves cross at the one price where quantity demanded equals quantity supplied.
Keep practising Supply
Browse all Supply questions for CA Foundation, or explore more Business Economics topics.
Related questions
Some heterodox economists say supply for mass-produced goods slopes how?Why do perishable farm goods reach markets in large quantities even at low prices just aftSupply is the amount sellers are what, at given prices?The supply of labour is time people will work as a function of what?In a dynamic equilibrium, which stays unchanging?How does a monopolistic firm prop up prices at its equilibrium?Economists caution against attaching what to an equilibrium price?The stability property says equilibrium is the outcome of what?