by finding where the supply curve and the demand curve intersect
A supply curve and a demand curve.
Consumers have inelastic demand
the equilibrium price of a good or service
a supply curve and a demand curveA supply curve and a demand curve.
the equilibrium price of a good or service
the equilibrium price of a good or service
Consumers have inelastic demand
the equilibrium price of a good or service
a supply curve and a demand curveA supply curve and a demand curve.
the equilibrium price of a good or service
the equilibrium price of a good or service
the equilibrium price of a good or service
the equilibrium price of a good or service
If demand is zero, then the equilibrium price is zero and it would be unwise to supply such a good or service.
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a supply curve and a demand curveA supply curve and a demand curve.
By finding where the supply curve and the demand curve intersect.
The market price is below the equilibrium price.