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A-Level Economics · Supply & demand diagram question

Which point is the market equilibrium?

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The diagram

The answer

Point E. Where S crosses D — price £5, quantity 5. The only price with no pressure to change. Equilibrium is the CROSSING of S and D at point E: £5, quantity 5 — the one price where buyers' and sellers' plans match.

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This is one of 3 questions on the supply & demand diagram — every corner lettered, every wrong answer diagnosed.

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