subject
Social Studies, 30.03.2021 01:00 Cyu437

A graph has Quantity on the x-axis and price in dollars on the y-axis. A line that represents supply has a positive slope and a line that represents demand has a negative slope. The lines intersect each other at a point which represents equilibrium. Point A on the supply line represents the new quantity supplied, and point B on the demand line represents the quantity demanded. Both are at the same price point which is below equilibrium. "A" represents the new quantity supplied, while "B" represents the new quantity demanded. What is the result of these changes? excess supply Based on this graph, what should happen to prices? They should fall.

ansver
Answers: 3

Other questions on the subject: Social Studies

image
Social Studies, 22.06.2019 00:30, serafimharmane4944
What rules did the monroe doctrine set for the united states?
Answers: 2
image
Social Studies, 22.06.2019 02:30, brinjay430
Which of the following contributed most to making the items listed in the box
Answers: 1
image
Social Studies, 22.06.2019 05:40, hoyanna69
Completar fill in the blanks with words from the list based on the panorama cultural video.
Answers: 3
image
Social Studies, 22.06.2019 06:00, andyboehm7411
What is an attack against a country called?
Answers: 1
You know the right answer?
A graph has Quantity on the x-axis and price in dollars on the y-axis. A line that represents supply...

Questions in other subjects:

Konu
Mathematics, 20.10.2020 18:01