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
Maurinko [17]
3 years ago
11

What does it mean to reach an equilibrium price?

Social Studies
1 answer:
emmasim [6.3K]3 years ago
3 0

when the amount of goods supplied is equal to the amount of demand we can attain the equilibrium price.

<u>Explanation</u>:

  • when the number of goods supplied is equal to the demand then there will be a proper cycle flow of goods according to the demand so the price will meet an equilibrium stage.  
  • when the number of goods supplied is more than the demand the material will be losing its equilibrium price which in turn affects the supplier and so there is a chance to stop production.
  • when the number of goods supplied less to the amount of demand there exists the demand which hampers the price to stay equilibrium, in turn, it will also encourage hoarding.

You might be interested in
How did the United States respond to Russia's invasion of Afghanistan?
Vedmedyk [2.9K]
Firstly the United States of America told the president of USSR that they were getting wrongly involved with Afghanistan and they should immediately withdraw. On falling in deaf ears, the United States did not participate in 1980 Summer Olympics that was held in Moscow. After this the United states started supplying arms to the various Afghan resistance groups.
3 0
3 years ago
Read 2 more answers
trace the arab-israeli conflict between 1947-1980. why has this conflict been so difficult to resolve?
juin [17]
This is of course a very complicated issue and there are several reasons why  this conflict been so difficult to resolve, but the main reason is that both sides are claiming territory that they have both legitimately held. 
5 0
3 years ago
Imagine that you are on a jury and the defendant decides not to testify. would you interpret that as an admission of guilt? what
Jet001 [13]

when they say you plead agenst your self


3 0
3 years ago
What was the Proclamation of 1763 and how did it affect the<br> colonists?
erica [24]

Answer:

It was the first measure to affect all thirteen colonies. The edict forbade private citizens and colonial governments alike from buying land or making any agreements with natives; the empire would conduct all official relations. Only licensed traders would be allowed to travel west or deal with Indians

Explanation:

5 0
3 years ago
Read 2 more answers
Has true communism ever been reslly done by russia, or any nation for that matter?
Lana71 [14]

Answer:

no, Russia is no communists, just because we like green bay packars and vodka mean nothing, you just mad because we always cold, and yes we are keeping Jim Hopper in our prison camps in Kamchatka  

Explanation:

7 0
3 years ago
Read 2 more answers
Other questions:
  • There are many ways one can help a user when answering the phone. At this point in time, one can help a user in many ways. You c
    5·1 answer
  • Clyde and Sarah just watched their teammate fail at an important athletic competition. Clyde then succeeded at the competition,
    6·1 answer
  • This term refer to a king God given or divine right to rule ​
    9·1 answer
  • Give three reasons that explain why political parties are not well organized.
    10·1 answer
  • Under the Articles of Confederation, how many branches of government existed at the national level?
    12·1 answer
  • Which country is a 100% Mulsim nation?
    10·1 answer
  • Ow did the Whigs differ from the Democrats? Check all that apply.
    8·2 answers
  • Identify the three components of COMPARATIVE ADVANTAGE according to Riccardo: ​
    15·1 answer
  • Write any two causes of social problem.​
    8·1 answer
  • Typically, the psychiatrist will wait about ____ days to see if a specific anti-manic medication is working before considering a
    10·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!