1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Jobisdone [24]
3 years ago
15

The graph shows excess supply.

History
2 answers:
Mariana [72]3 years ago
6 0

B) As prices rise, demand goes down.

Iteru [2.4K]3 years ago
5 0

The correct answer is B.

A demand function represents the quantity of a certain good or service that consumers are willing to purchase at different prices level. The law of demand states that there is an inverse relationship between price and quantity supplied (ceteris paribus).<u>Therefore, when the market price increases, the amount demanded drops. </u>

A supply function represents the quantity of a certain good or service that producers are willing to supply at different prices level. The law of supply states that there is a direct relationship between price and quantity supplied (ceteris paribus).Therefore, when the market price increases, so does the amount that producers desire to supply.

For a price level located above the equilibrium, the quantity demanded has decreased while the quantity supplied has increased. This is why it leds to an excess supply situation.

You might be interested in
helppp!i will mark you the BRAINLIEST!!!!!!!!It seems to me that the world has misunderstood, till the sitting of the last Congr
navik [9.2K]

Answer:

C

Explanation:

3 0
3 years ago
Read 2 more answers
Brainiest to whoever gets it right!!!
seropon [69]

Answer:

The limited trade in and out of Songhai produced little wealth.

Explanation:

Songhai was really wealthy at the time

4 0
2 years ago
Read 2 more answers
According to the article, who did the Transcontinental Railroad unite?
LiRa [457]

where is the article ??????

8 0
2 years ago
Read 2 more answers
Which of the following territories did Germany acquire at the end of the Franco-Prussian War? A. the Alps B. Alsace and Lorraine
Natalka [10]

Answer: B Alsace and Lorraine

Explanation: These were two Provinces in northeastern France along the border with Germany that France had to give up after they lost the war.

4 0
3 years ago
Which of the following is NOT a key factor in deciding the best business organization fit?
lakkis [162]
A . size , it is not an important factor
5 0
3 years ago
Other questions:
  • Which groups’ rights were beginning to be advocated for in the 1950’s
    14·1 answer
  • How much money you have influences your political beliefs.<br> True<br> False
    13·1 answer
  • explain the significance of the printing press to society during the late fifteenth century and afterward
    14·1 answer
  • Why did rationalist tensions emerge in the Balkans?
    15·1 answer
  • When fighting began in the Korean War in 1950, what major advantage did North Korea possess?
    7·1 answer
  • Why did riots break out in dozens of U.S. cities in the late 1960's?
    14·1 answer
  • What tactic used by unions involved workers refusing to work until their demands are met?
    14·1 answer
  • To conclude our unpacking of the Reconstruction Period, please complete the following tasks and then respond to the prompted dis
    11·1 answer
  • Who said "All criminals are a drain on society, they deserve a swift punishment"
    15·1 answer
  • What social changes could be used to explain the Salem Witch Trials?
    13·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!