In a Supply and Demand Figure, the Equilibrium Price and Quantity

question 494

Multiple Choice

In a supply and demand figure, the equilibrium price and quantity are found at the

• A) point where quantity supplied equals quantity demanded.
• B) horizontal intercept of the demand curve.
• C) vertical intercept of the supply curve.
• D) horizontal intercept of the supply and the demand curves.

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Definitions:

Big Bluestem Grass

A tall North American prairie grass that is a dominant species in the Great Plains, known for its nutrient-rich forage.

Abiotic Components

Non-living chemical and physical parts of the environment that affect living organisms.

Biotic

Term that indicates life; a cell is an example of a biotic factor in the environment.

Energy Flow

The movement of energy through a food chain or ecosystem, typically from the sun through producers to consumers and finally to decomposers.