What does "P" represent on the graph?
O the point where equilibrium is achieved
O the price at the equilibrium point
O the average price of goods sold
O the point where supply and demand drop

When the volume given and demanded are equal, an equilibrium is reached. The amount demanded will exceed the quantity provided if the price is below the equilibrium level. A shortage or an excess of demand will exist.

Thus, option B is correct.

For more details about equilibrium point, click here:

https://brainly.com/question/1527528

#SPJ2

What does "P" represent on the graph? O the point where equilibrium is achieved O the price at the equilibrium point O the average price of goods sold O the point where supply and demand drop

Respuesta :

What happens at the equilibrium point?

Otras preguntas

What does "P" represent on the graph?
O the point where equilibrium is achieved
O the price at the equilibrium point
O the average price of goods sold
O the point where supply and demand drop