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the equilibrium price of a good or service

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Dallas Weissnat

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3y ago

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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


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 relationship is shown by a supply curve?

What is shown by a supply curve, is the marginal cost of the company that you are considering, from the point it crosses the average costs function.


What is static equilibrium in economics an show it graphically?

Static equilibrium in economics refers to a situation where the demand for a product equals its supply in a given market at a particular point in time, resulting in no incentive for price changes. Graphically, static equilibrium is shown at the point where the demand curve intersects the supply curve, indicating a stable market price and quantity.


What does the equillibrium point on a supply and demand graph represent?

which is true about the functional relationship shown in the graph


Linear demand curve diagram?

A Linear Demand Curve Diagram is a diagram that shows how an object or person is shown from youngest to oldest or tallest to shortest


Why is the demand curve referred to as a marginal benefit curve?

The link between a product and how much it is worth, the amount it is in demand and how much customers are ready to pay for it can be shown in economics on a graph known as a demand curve. This is also known as the marginal benefit curve.


What relationship is shown by the aggregate demand curve?

The aggregate demand curve shows the relationship between the total quantity of goods and services demanded in an economy at different price levels.


What causes the demand curve to move?

Increases in demand are shown by a shift to the right in the demand curve. This could be caused by a number of factors, including a rise in income, a rise in the price of a substitute or a fall in the price of a complement.


What is the actual pictured demand for lemonade?

The actual pictured demand for lemonade is the quantity of lemonade that consumers are willing and able to buy at each price, as shown by a demand curve on a graph. It represents the relationship between the price of lemonade and the quantity demanded by consumers. The demand curve slopes downward from left to right, indicating that as the price of lemonade decreases, the quantity demanded increases, and vice versa. The actual quantity demanded at any given price point is shown by a specific point on the demand curve.