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Which of these represents an equilibrium price for designer jeans? The arrow pointing to D2 The intersection of P1 and Q1 The line marked D1 The line marked S

Verified Answer :

Hagrid

The right answer for the question that is being asked and shown above is that: "The intersection of P1 and Q1." The part of the graph that represents an equilibrium price for designer jeans is that The intersection of P1 and Q1

karinau

Answer:

  • The intersection of P1 and Q1.

Explanation:

At the equilibrium price, the quantity that buyers want to acquire is equal to what the sellers want to sell.

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