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Brandyn Moore PhD

Feb 20, 2025

The point where p1 and q1 intersects represents

The intersection of P (Price) and q (Equilibrium) , usually represent the equilibrium price,A price that represent the same amount of supply and demand in the Market of that product
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Major Spinka DVM

Feb 20, 2025

Assuming You're referring to the Graphic of Supply and Demand,The intersection of P (Price) and q (Equilibrium) , usually represent the equilibrium price,A price that represent the same amount of supply and demand in the Market of that producthoep this helps... Show More
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M
Major Spinka DVM

Feb 20, 2025

Good evening, Benedettoanna24! The point where P1 and Q1 intersects represent the equilibrium (Q) price, a price that represents the same amount of supply and demand in the market of that product.I hope this answer has satisfied your needs, and if you have anymore questions, feel free to ask. Have a good night!... Show More
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