Question

the law of supply and demand
assignment active
equilibrium
daily market for graphic tees at the
clothing shop
this graph shows the equilibrium point at which price?
$6
$9
$12
$15
(graph: price in dollars on y - axis, quantity supplied on x - axis. supply curve (upward - sloping) and demand curve (downward - sloping) intersect at a point. supply starts at (0,2), demand starts at (0,14) approximately. intersection points price is around $9, quantity around 30.)

Explanation:

In the supply - demand graph, the equilibrium point is where the supply and demand curves intersect. Looking at the vertical axis (price in dollars) at the intersection point, we can see that the price is $9.

Answer:

B. $9