Answer:
The price of a product is determined by the law of supply and demand. ... The equilibrium market price of a good is the price at which quantity supplied equals quantity demanded. Graphically, the supply and demand curves intersect at the equilibrium price.
Explanation:
The price of a product is determined by the law of supply and demand. Consumers have a desire to acquire a product, and producers manufacture a supply to meet this demand. The equilibrium market price of a good is the price at which quantity supplied equals quantity demanded. Graphically, the supply and demand curves intersect at the equilibrium price.
C) But just because we banned it domestically, under pressure from the bird watching contingent and the hopheads down at the EPA, it doesn't necessarily follow that the rest of the world - especially the developing world - is about to jump on the bandwagon.
You would have to do <span>$0.83 x q = the price.
For example: </span><span>$0.83 x 5 = 4.15</span>
