The equilibrium price or quantity is defined as the point or position at which the supply is equal to the quantity demanded.
The correct answer is:
Option B. [tex]\[/tex]9.
The equilibrium point on the graph is represented by the point at which the curve of supply and the curve of demand intersect. Thus, at this intersection, the quantity of supply will be equal to demand.
The equilibrium price is achieved at [tex]\[/tex]9. The graph represents the quantity demanded and the supply of the products are equal. The equilibrium price is the point where variables will not change and no external influence will tend to pull the supply or demand in a corresponding direction.
Therefore, the correct option is Option B.
To know more about supply and demand, refer to the following link:
https://brainly.com/question/13353440
