History, 23.09.2020 08:01 tyresharichardson29

The graph shows excess supply. A graph titled Excess supply has quantity on the x-axis and price on the y-axis. A line with positive slope represents supply and a line with negative slope represents demand. The lines intersect at the point of equilibrium (p star, Q star). A point on the demand line is (P 2, quantity demanded) and a point on the supply line is (P 2, quantity supplied). Both points are higher than the point of equilibrium. Excess supply is indicated between the 2 points. Which needs to happen to the price indicated by p2 on the graph in order to achieve equilibrium?

Answers: 3

Show answers

Other questions on the subject: History

History, 21.06.2019 22:00, lebronbangs8930

The holocaust of world war ii resulted in a) the nazis effectively used propaganda to gain and hold power in germany. b) ethnic regimes carried out mass devastation. c) deporting all european jews to the island of madagascar. d) the systematic mass slaughter of european jews and and others in nazi concentration camps during world war ii.

Answers: 1

continue

History, 21.06.2019 23:50, nancylagunas805

Which of the following shows the correct order of events? catt’s “winning plan,” suffrage in some western states, the nineteenth amendment suffrage in some western states, the nineteenth amendment, catt’s “winning plan” suffrage in some western states, catt’s “winning plan,” the nineteenth amendment catt’s “winning plan,” the nineteenth amendment, suffrage in some western states

Answers: 3

continue

History, 22.06.2019 01:30, rosaa7

Which answer best describes an advantage of shipping goods by canal? a) most towns would rather have canals then noisy railroads b) goods could travel very fast downstream in the canal system c) traveling by boat is a much more relaxing way to transport goods. d) heavy loads of goods could travel by boat more easily then if pulled by horses.

Answers: 2

continue

History, 22.06.2019 04:00, fruitbutt77

Article ii "each state retains its sovereignty, freedom, and independence, and every power, jurisdiction, and right, which is not by this confederation expressly delegated to the united states, in congress assembled."—articles of confederation which of the following principles of american democracy does this quote best represent? social contract natural rights federalism rule of law

Answers: 1

continue

You know the right answer?

The graph shows excess supply. A graph titled Excess supply has quantity on the x-axis and price on...