If graphical presentation is made for demand and supply curve equilibrium is attained when __________.

demand curve is parallel to supply curve

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demand curve intersects supply curve

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demand curve is parallel to X-axis

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supply curve is parallel to Y-axis

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Solution

The correct option is B demand curve intersects supply curve
Market equilibrium is a situation where the demand and supply curve intersect at the point. At equilibrium point the quantity demanded and supplied is same at a given price.

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If graphical presentation is made for demand and supply curve equilibrium is attained when __________.

The correct option is B demand curve intersects supply curveMarket equilibrium is a situation where the demand and supply curve intersect at the point. At equilibrium point the quantity demanded and supplied is same at a given price.

The correct option is B demand curve intersects supply curve
Market equilibrium is a situation where the demand and supply curve intersect at the point. At equilibrium point the quantity demanded and supplied is same at a given price.