Answer: The equilibrium point represents the raising or lowering the price in response to changes in the supply or demand.
If the price of a good is above equilibrium, this means that the quantity of the good supplied exceeds the quantity of the good demanded.
If the quantity is below the equilibrium point, it will create a shortage. because the quantity supplied is less than quantity demanded.
Hope this helps!
Step-by-step explanation:
It is c because I had this question on the test
This is Scientific Notation right?
OK
So when the exponent over then is a negative number, that means the decimal point is jumping to the left to make the number smaller
0.000009071
Answer:
base = e
Step-by-step explanation:
The general log function is defined as
.... (1)
where, a is the base of the log function.
The natural logarithm function is
It can be rewritten as
.... (2)
where, e is a constant or Euler's number is:
e ≈ 2.71828183
On comparing (1) and (2) we get
Therefore, the base of the natural logarithm function is e.
