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What is located at the point where the supply and demand curves interest?
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What is located at the point where the supply and demand curves intersect?
The equilibrium price.
What does the law of demand suggest that most demand curves will be?
The law of supply predicts the supply curve will be upward sloping.
What are Business cycles are linked to the interaction between?
the aggregate demand and aggregate supply curves.
What will interest rates do if the demand for money in the money market exceeds the supply?
If the demand for money is greater than the supply, interest rates will go up.Whenever the demand for anything is greater than the available supply, the price goes up.
Explain why demand curves slope downwards while supply curves slope upwards Mention the exception?
Demand curves slope down because as price decreases for goods, demand increases. Supply curves slope upwards because the higher the price, the more goods a supplier wishes to supply to the market. There are two exceptions: 1. When a good is more fashionable at a higher price (like designer jeans) referred to as Veblen Goods. 2. Inferior goods for which there is no cheaper close substitutes referred to Geffen Goods.
What is located at the point where the supply and demand curves intersect?
The equilibrium price.
What is point located at the supply and demand curves intersect?
The equilibrium price.
What is eqiliblum point in the demand and supply?
The point of intersection of Demand and Supply curves is the equilibrium point.
What does the law of demand suggest that most demand curves will be?
The law of supply predicts the supply curve will be upward sloping.
In the supply and demand model a negative externality results in?
supply curves To the left. !!!!QI had that class
Sources of shifts in demand curves?
Supply and Cost
What law is illustrated in this diagram?
The diagram illustrates the law of supply and demand. It shows how the equilibrium price and quantity are determined by the intersection of the supply and demand curves.
What are Business cycles are linked to the interaction between?
the aggregate demand and aggregate supply curves.
How can economist visualize equilibrium price?
Economists can visualize equilibrium price using a supply and demand graph. The point where the supply and demand curves intersect represents the equilibrium price. It shows the price at which the quantity demanded by consumers matches the quantity supplied by producers, resulting in a market balance.
What will interest rates do if the demand for money in the money market exceeds the supply?
If the demand for money is greater than the supply, interest rates will go up.Whenever the demand for anything is greater than the available supply, the price goes up.
If US motorcycle productivity increases what is the effect on the US domestic demand and supply curves?
yes
Explain why demand curves slope downwards while supply curves slope upwards Mention the exception?
Demand curves slope down because as price decreases for goods, demand increases. Supply curves slope upwards because the higher the price, the more goods a supplier wishes to supply to the market. There are two exceptions: 1. When a good is more fashionable at a higher price (like designer jeans) referred to as Veblen Goods. 2. Inferior goods for which there is no cheaper close substitutes referred to Geffen Goods.
