Which statement defines equilibrium in a graph showing demand and supply curves? a. it is the point where the demand and supply curves intersect. b. it is the point where the demand and supply curves begin. c. it is the point on the demand curve where demand is highest. d. it is the point on the supply curve where supply is highest

The correct answer is A. Equilibrium is the point in a graph where the demand and supply curves intersect.

In economics, an economic equilibrium is a state in which economic forces are balanced and in the absence of external influences the values of the economic variables do not change. It is the point at which the quantity demanded and the quantity supplied are equal. A market equilibrium, for example, refers to the condition in which the market price is established through competition so that the quantity of goods and services desired by buyers is equal to the amount of goods and services produced by sellers. This price is usually called the equilibrium price and tends to remain stable as long as demand and supply do not change.

abraham lincoln  (february 12, 1809  – april 15, 1865) was an american statesman, politician, and lawyer who served as the 16th  president of the united states  from 1861 until  his assassination  in april 1865. lincoln led the nation through the  american civil war, its bloodiest war and its greatest moral, constitutional, and political crisis.[2][3]  he preserved the  union,  abolished slavery, strengthened the  federal government, and modernized  the u.s. economy.