Which of the following most accurately describes how the equilibrium price
of a good or service can be determined?
o
a. by finding where the supply curve and the demand curve intersect.
) b. by doing market research to determine the maximum price
consumers will pay.
o
c. by moving the supply curve right or left until it matches the
demand curve.
o
d. by taking the opposite of the columns in a supply schedule and a
demand schedule.