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Which of the following is shown by the intersection of the supply curve and the demand curve?
the equilibrium price of a good or service
What is shown by the intersection of supply curve and the demand curve?
the equilibrium price of a good or service
Which is shown by the intersection of the supply curve and the demand curve?
The equilibrium price and quantity - those which clear the market, leaving neither a surplus nor a shortage of the good.
Is demand needed in equilibrium?
Yes. Equilibrium is created at the intersection of the Demand curve and Supply Curve. Equilibrium can be shifted if the Demand curve increases or decreases, and the same happens when the Supply curve increases or decreases. Without demand, you would just have a Supply curve.
What happens if demand curve interacts with the supply curve?
Then demand and supply are equal.
Which of the following is shown by the intersection of the supply curve and the demand curve?
the equilibrium price of a good or service
What is shown by the intersection of the supply and the demand curve?
the equilibrium price of a good or service
What is shown by the intersection of supply curve and the demand curve?
the equilibrium price of a good or service
Which is shown by the intersection of the supply curve and the demand curve?
The equilibrium price and quantity - those which clear the market, leaving neither a surplus nor a shortage of the good.
What is the intersection of the supply curve and the demand curve?
the equilibrium price of a good or service
Is demand needed in equilibrium?
Yes. Equilibrium is created at the intersection of the Demand curve and Supply Curve. Equilibrium can be shifted if the Demand curve increases or decreases, and the same happens when the Supply curve increases or decreases. Without demand, you would just have a Supply curve.
What happens if demand curve interacts with the supply curve?
Then demand and supply are equal.
What is needed to dertermine the equilibrium of a good or service?
by finding where the supply curve and the demand curve intersect
When does supply curve look like a demand curve?
When supply and demand are perfectly elastic/inelastic
Supply and demand graph curve of hybrid cars?
supply and demand curve for hybrid vehicles
What is needed to determine equilibrium price of a good or a service?
a supply curve and a demand curveA supply curve and a demand curve.
What is needed to determine the equilibrium price of a good or services?
a supply curve and a demand curveA supply curve and a demand curve.
