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goji.go goji.go
wrote...
Posts: 5977
11 years ago
When the supply curve and the demand curve for a single product or service are shown on the same graph, the point at which the curves intersect identifies the ________.
A) total profit earned by the producers
B) market price of the good
C) quality of the good or service being purchased
D) amount of the surplus to be anticipated
E) the number of substitute goods available
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3 Replies
Diesel

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bbb
wrote...
11 years ago
B) The market price of an item is the price at which supply equals demand. Therefore, the market price is the point at which the supply curve and the demand curve intersect.
goji.go Author
wrote...
11 years ago
Thanks Smiling Face with Open Mouth
Diesel
bbb
wrote...
10 years ago
Glad to help, mark it solved!
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