In the supply curve and the demand curve, the equilibrium is reflected where the two curves intersect.
<u>Explanation:</u>
Equilibrium is fundamentally the condition in which the factors involved in the operation achieve balance of values with respect to each other. In the discipline of market economics, two major factors involved are that of supply and demand.
The equilibrium between supply and demand is achieved when the demand for a commodity or a service in the market is equal to the supply of the respective commodity or service.
When represented graphically, the condition of equilibrium is depicted through the intersection of the demand and supply curves.
Answer:
a. decrease
b. increase
c. increase
d. no change
Explanation:
A higher minimum wage increases labor costs for the firm and <u>aggregate supply decreases.</u>
An increase in productivity caused by the Internet <u>increases the aggregate supply curve.</u>
A decrease in taxes paid by firms reduces operating costs and causes the <u>aggregate supply curve to increase.</u>
If businesses anticipate a recession, the <u>aggregate supply curve decreases</u> as firms cut production levels.
A decrease in the personal income tax rate paid by households has no impact on aggregate supply; this would impact aggregate demand.
Answer:
the action or process of gradually reducing the strength or effectiveness of someone or something through sustained attack or pressure.
"the council is trying to wear down the opposition by attrition"
Explanation:
Hope this helped Mark BRAINLEST!!!
Answer:
READ THIS AND YOU WILL SEE
For most crops, you should start seeds indoors about 6-8 weeks before your last spring frost date. This gives the plants plenty of time to grow large and healthy enough to survive their eventual transplanting to the garden.
Explanation:
