When creating a graph to illustrate market equilibrium, which technique is most crucial to ensure clarity for the reader?

When creating a graph to show market equilibrium, the most important technique is to clearly label all parts of the graph. This includes the axes, which should indicate what is being measured, like price on the vertical axis and quantity on the horizontal axis. Additionally, it’s essential to clearly mark the point where the supply and demand curves intersect, as this point represents the market equilibrium, where the amount of goods supplied equals the amount demanded. For example, if you are graphing the market for apples, labeling the price per pound and the number of pounds sold will help readers understand how changes in price affect supply and demand. By making sure everything is clearly labeled, you help readers quickly grasp the key ideas and trends in the market.