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the equilibrium price of a good or service
What else can I help you with?
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.
Shown by the intersection of the supply curve and the demand curve?
the equilibrium price of a good or service
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 happens if demand curve interacts with the supply curve?
Then demand and supply are equal.
Why would the intersection of a linear demand curve and a linear supply curve lie in the first quadrant?
The intersection of a linear demand curve and a linear supply curve lies in the first quadrant because both price and quantity are non-negative in a typical market setting. The demand curve slopes downward, indicating that as price decreases, quantity demanded increases, while the supply curve slopes upward, showing that as price increases, quantity supplied also increases. The point where these two curves intersect represents the equilibrium price and quantity, both of which must be positive in a functioning market. Thus, this intersection is located in the first quadrant, where both axes are positive.
What is needed to dertermine the equilibrium of a good or service?
by finding where the supply curve and the demand curve intersect
Supply and demand graph curve of hybrid cars?
supply and demand curve for hybrid vehicles
When does supply curve look like a demand curve?
When supply and demand are perfectly elastic/inelastic
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.
