0
What is the point at which quantity supplied and quantity demanded are the same?
Wiki User
∙ 10y ago
When supply and demand are equal, that is a state of equilibrium.
Wiki User
∙ 10y ago
Add your answer:
Earn +20 pts
What is the point at which quantity demanded and quantity supplied are the same?
When supply and demand are equal, that is a state of equilibrium.
What is the point at which quantity demanded and quantity supply are the same?
When supply and demand are equal, that is a state of equilibrium.
If prices rise but income stays the same what is the effect on the quantity demanded?
If the price rises, the quantity demanded declines. .
What is the point at which the quantity of aggregate goods and services demanded equals the quantity produced?
This is when demand and supply are said to be in "Equilibrium" when both demand and supply are exactly the same. Hopes this helps! Akmed Ommbejumba
What does it mean when the supply curve shifts to the right?
A shift in a demand or supply curve occurs when a good's quantity demanded or supplied changes even though price remains the same. So a shift to the right would mean the good quantity suppled has increased even the the price is still the same.
What is the point at which quantity demanded and quantity supplied are the same?
When supply and demand are equal, that is a state of equilibrium.
What is the point at which quantity demanded and quantity supply are the same?
When supply and demand are equal, that is a state of equilibrium.
If prices rise but income stays the same what is the effect on the quantity demanded?
If the price rises, the quantity demanded declines. .
What is the point at which the quantity of aggregate goods and services demanded equals the quantity produced?
This is when demand and supply are said to be in "Equilibrium" when both demand and supply are exactly the same. Hopes this helps! Akmed Ommbejumba
What does it mean when the supply curve shifts to the right?
A shift in a demand or supply curve occurs when a good's quantity demanded or supplied changes even though price remains the same. So a shift to the right would mean the good quantity suppled has increased even the the price is still the same.
What is abnormal demand?
Abnormal demand curve is a curve which slopes downwards from left to right indicating that price and quantity demanded has an inverse relationship and as price falls quantity demanded increase and as price increases quantity demanded decrease, this brings about a shift along the same demand curve
What is abnormal demand curve?
Abnormal demand curve is a curve which slopes downwards from left to right indicating that price and quantity demanded has an inverse relationship and as price falls quantity demanded increase and as price increases quantity demanded decrease, this brings about a shift along the same demand curve
Difference between change in supply versus change in quantity supplied?
There is no different in changes in supplies and changes in quantity supplied as both are different interchangable name of same item.
Why you put price on y axis and quantity demanded on x axis in economics?
Price and quantity demanded are both interdependent: there is not an independent variable. From that point of view, there is no reason to put one variable on the x-axis rather than the other.However, putting price on the horizontal axis makes it simpler to add the supply curve on the same chart, and then study the market equilibrium.Price and quantity demanded are both interdependent: there is not an independent variable. From that point of view, there is no reason to put one variable on the x-axis rather than the other.However, putting price on the horizontal axis makes it simpler to add the supply curve on the same chart, and then study the market equilibrium.Price and quantity demanded are both interdependent: there is not an independent variable. From that point of view, there is no reason to put one variable on the x-axis rather than the other.However, putting price on the horizontal axis makes it simpler to add the supply curve on the same chart, and then study the market equilibrium.Price and quantity demanded are both interdependent: there is not an independent variable. From that point of view, there is no reason to put one variable on the x-axis rather than the other.However, putting price on the horizontal axis makes it simpler to add the supply curve on the same chart, and then study the market equilibrium.
What is the difference between price elastic and unit elastic?
Unit elastic - Describes a supply or demand curve which is perfectly responsive to changes in price. That is, the quantity supplied or demanded changes according to the same percentage as the change in price. A curve with an elasticity of 1 is unit elastic.
What happens when the demand curve shifts to the right?
there are two things in regards to demand. one is demand the other is quantity demanded. if the demand curve stays the same and supply curve shifts right, the price of the item will decrease and quantity demanded will also decrease
What happen when the demand curve shift to the right?
there are two things in regards to demand. one is demand the other is quantity demanded. if the demand curve stays the same and supply curve shifts right, the price of the item will decrease and quantity demanded will also decrease
