Answered

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Read the graph. What is the equilibrium price?

Supply and Demand for Oranges

$3.00

$1.00

$0.50

There's not enough data to determine equilibrium​

Read The Graph What Is The Equilibrium Price Supply And Demand For Oranges300 100 050Theres Not Enough Data To Determine Equilibrium class=

Sagot :

Samawatiidn

Answer:

$1.00

Explanation:

The equilibrium price is the prevailing market price represented by the intersection of the demand and supply curve. At the equilibrium price, the quantity demanded and quantity supplied match. It means that there are no shortages or excesses in demand or supply at the equilibrium price.

From the graph, $1 is the equilibrium price. It is the intersection of demand and supply curves.

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