If the equilibrium price of a product is \$10 and the equilibrium quantity is 50 units, what does this mean on a supply and demand graph?

• A. The supply and demand curves intersect at a price of \$10 and a quantity of 50 units.
• B. The supply curve is above the demand curve at this point.
• C. The demand curve is above the supply curve at this point.
• D. The curves do not intersect at this point.

Answer: (A)