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Q: How to graph the demand and supply functions to determine the equilibrium price and quantity?
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Related questions

An increase in demand will cause the equilibrium price and quantity to rise?

An increase in demand will cause the equilibrium price to fall and equilibrium quantity to rise.


What happens to the equilibrium price and equilibrium quantity in a market if the demand curve shifts to the right?

If the demand shift to the right, the equilibrium price and quantity will shift from the initial equilibrium price and quantity to the next, i mean the equilibrium price and quantity will increase as compare to the first.


What happens if demand and supply increase?

the price and value of the item will decrease.


What happens to the equilibrium price and equilibrium quantity if the demand decreases and the supply is constant?

price rises and quantity increases


What place is the place where supply and demand curves intersect?

The point where supply and demand intersect is the equilibrium point. This is the point where quantity demanded and quantity supplied are equal.


When equilibrium demanded is greater than quantity?

No. Equilibrium is when supply and demand are equal


What equilibrium price and equilibrium quantity?

equilibrium price and equilibrium quantity?: equilibrium price: When the price is above the equilibrium point there is a surplus of supply The market price at which the supply of an item equals the quantity demanded Price at which the quantity of goods producers wish to supply matches the quantity demanders want to purchase sa madaling salita supply=demand=price equilibrium quantity: Amount of goods or services sold at the equilibrium price The quantity demanded or supplied at the equilibrium price. supply=demand ayos?


How would it be possible to observe a decrease in both the equilibrium price and quantity in the market at the same time?

A fall in demand will result in the decrease of both equilibrium price and quantity. A fall in demand( a leftward shift in the demand curve) will result in the decrease of both equilibrium price and quantity.


A decrease in demand will have what effect on equilibrium price and quantity?

There will be a decrease in price and quantity.


When is a market in equilibrium?

In elementary economics equilibrium is the intersection between the supply and demand curves. When quantity supplied is said to equal quantity demanded the market has then reached equilibrium.


What will happen to the equilibrium price and quantity of a normal good if the demand for the good increases and supply constant?

the equilibrium price rises and the quantity increases


What is the point at which quantity supplied and quantity demanded are the same?

When supply and demand are equal, that is a state of equilibrium.