What is equilibrium, from an economic perspective? a. the theoretical price point at which demand equals supply b. a state of “all other things being equal” c. a condition in which no buying or selling is occurring d. an economy functioning without outside intervention

Option 'a' is correct.

Step-by-step explanation:

Demand is the quantity of goods which a consumer is willing to buy at a particular price in a given period of time.

Supply is the quantity of goods which a producer is willing to sell at a particular price in a given period of time.

There is a direct relation between demand and price whereas there is a inverse relation between supply and price.

When demand curve is intersected by supply curve at that point, there is equilibrium point.

Equilibrium from an economic perspective is the theoretical price point at which demand equals supply.

Hence, Option 'a' is correct.

the solution is the point

step-by-step explanation:

we have

> equation a

> equation b

adds equation a and equation b

substitute the value of x in equation b to find the value of y

the solution is the point