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What is needed to dertermine the equilibrium of a good or service?

Anonymous

∙ 13y ago

Updated: 8/22/2023

by finding where the supply curve and the demand curve intersect

Wiki User

∙ 10y ago

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What are needed to determine the equilibrium price of a good or service?

Consumers have inelastic demand

What is shown by the intersection of supply curve and the demand curve?

the equilibrium price of a good or service

What is needed to determine equilibrium price of a good or a service?

a supply curve and a demand curveA supply curve and a demand 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

Related Questions

What are needed to determine the equilibrium price of a good or service?

Consumers have inelastic demand

What is shown by the intersection of supply curve and the demand curve?

the equilibrium price of a good or service

What is needed to determine equilibrium price of a good or a service?

a supply curve and a demand curveA supply curve and a demand curve.

What is shown by the intersection of the supply and the demand curve?

the equilibrium price of a good or service

What is the intersection of the supply curve and the demand curve?

the equilibrium price of a good or service

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 the amount of a good or service needed?

bsd

What price when demand is zero?

If demand is zero, then the equilibrium price is zero and it would be unwise to supply such a good or service.

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.

Which most accurately describes how the equilibrium price of a good or a service can be determined?

By finding where the supply curve and the demand curve intersect.

A shortage will develop when?

The market price is below the equilibrium price.

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