This would be having exactly enough, but not too much of the product in demand. So you would be maximizing profit!
When supply and demand are equal it is called equillibrium
Equillibrium.
Equillibrium
It is the equilibrium price.
equilibrium
The point where supply and demand intersect is the equilibrium point. This is the point where quantity demanded and quantity supplied are equal.
When supply and demand are equal, that is a state of equilibrium.
When supply and demand are equal, that is a state of equilibrium.
When supply and demand are equal, that is a state of equilibrium.
The point where supply and demand meet is called market equilibrium.
The point where supply and demand intersect is the equilibrium point. This is the point where quantity demanded and quantity supplied are equal.
When supply and demand are equal, that is a state of equilibrium.
The point of intersection of Demand and Supply curves is the equilibrium point.
When supply and demand are equal, that is a state of equilibrium.
When supply and demand are equal, that is a state of equilibrium.
The point where supply and demand meet is called market equilibrium.
Demand and supply analysis concludes that the price of a give product in the market will vary and settle at a point where there is equality between the quantity demanded and the quantity supplied. When both are equal, the price and the quantity will be at equilibrium.
Demand and supply analysis concludes that the price of a give product in the market will vary and settle at a point where there is equality between the quantity demanded and the quantity supplied. When both are equal, the price and the quantity will be at equilibrium.
Equilibrium is the point where demand = supply
equilibrium
When supply exceeds demand, it is known as a surplus.Surpluses only occur among rational producers and consumers if a regulatory price floor is in effect (that is, the government mandates that the price of the good or service in question not go below a certain level). If no such regulation is in place, the price of the good or service will lower to the point where supply and demand are equal to one another.If the price of the good is lowered, then demand will increase.
which is true about the functional relationship shown in the graph