3 years ago

What is the point at which supply and demand intersect at a given price?

2 answers:

8 0

The answer is an equilibrium point. In economics, this relates to the condition of the economic forces in which supplies and demand meet meaning the demand is equal to the supplies of the certain product. It is set by increasing or decreasing the price of a good in response to the movement of the supply and demand in the market.

Nataly_w [17]3 years ago

4 0

The answer is an equilibrium point.

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Basile [38]

Answer:

200,000 units

Explanation:

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3 years ago

MARKETING PLEASE HELP

andre [41]

Answer:

The entire demand curve will shift upwards

Explanation:

SEE IMAGE ATTACHED

The price P of a product is determined by a balance between production at each price (supply S) and the desires of those with purchasing power at each price (demand D). The diagram shows a positive shift in demand from D1 to D2, resulting in an increase in price (P) and quantity sold (Q) of the product.