welchkayla70 welchkayla70

06-03-2022
Mathematics

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What is the equilibrium price shown on this graph

What is the equilibrium price shown on this graph class=

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homedogxD homedogxD

06-03-2022

The answer is 4, because that's where the lines intercept.

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semsee45 semsee45

06-03-2022

Answer:

$4

Step-by-step explanation:

The equilibrium price is the point where the two lines are equal, i.e. the point of intersection of the two lines.

Therefore, the solution is $4

Answer Link

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