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3 years ago

On a graph, a _______ shows the demand portion of equilibrium.

Business

2 answers:

Leya [2.2K]3 years ago

3 0

Answer: Demand curve

On a graph, a demand curve shows the demand portion of equilibrium.

Explanation:

A demand curve refers to a visual representation of the connection or relationship between the price of a product (good) or service and the quantity demanded at a given period of time. It is a downward sloping economic graph where the price is plotted on the vertical (Y) axis while quantity is plotted on the horizontal (X) axis. It is used to demonstrate the law of demand which states that as prices for a good or service increase, the quantity demanded decreases.

dalvyx [7]3 years ago

3 0

On the graph, a demand curve shows the demand portion of the equilibrium.

Further Explanation:

Demand curve: This option is correct.

The demand curve represents the relationship between the quantity demanded of a good or service and the price of that good or service for a given the on the graph. In the case of equilibrium, the demand curve represents quantity demanded at the equilibrium point.

Supply Curve: This option is incorrect.

The supply curve shows the relationship among the price of the products and quantity of product which a seller is willing to supply at a given point of time. Therefore, the supply curve represents the quantity supplied the not the quantity demanded.

Equilibrium Point: This option is incorrect.

The equilibrium point refers to the point where the demand curve and supply curve intersect. The price at which the quantity demanded is equal to quantity supplied. Therefore, it does not represent the demand portion of the equilibrium.

Excess Supply: This option is incorrect.

When the quantity supplied exceeds the quantity demanded, it represents the excess supply. In the case of equilibrium, it lies above the equilibrium price. Thus, it does not show the demand portion of the equilibrium.

Learn more:

1. Demand and type of goods

brainly.com/question/11220857

2. Demand and supply of goods

brainly.com/question/11045011

3. Elasticity of demand

brainly.com/question/2396092

Answer details:

Grade: Senior School

Subject: Economics

Chapter: Price and Quantity Equilibrium

Keywords: demand portion of the equilibrium, demand curve, supply curve, equilibrium point, excess supply, on a graph, Price and Quantity Equilibrium, elasticity of demand, quantity demanded.

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nekit [7.7K]

The short-run price elasticity of demand will be inelastic and the short-run price elasticity of supply will be inelastic.

Elasticity of demand measures the relationship that exists between price and quantity demanded.

Elasticity of supply measures how quantity supplied changes when there is a change in the price of a good.

Types of elasticity.

Elastic demand (supply): This means that demand (supply) is sensitive to price changes
Inelastic demand (supply): this means that demand (supply) does not respond to price changes. The coefficient of elasticity is less than one.
Unit elastic demand (supply): demand (supply) changes in equal proportion. The coefficient of elasticity is equal to one.

Factors that affect elasticity

The number of substitutes the good has: the more substitutes the good has, the more elastic demand is.
The length of time: demand (supply) is inelastic in the short run. In the short run, producers (consumers) do not have enough time to find suitable substitutes. In the long run, producers would have more time to search for suitable substitutes or shift to the production of other goods when compared with the short-run.
Ease of entry or exit into an industry: the more easy it is for firms to enter into an industry, the more elastic supply would be.

To learn more about elasticity of demand, please check:

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3 years ago

In general, firms should use their weighted average cost of capital (WACC) to evaluate capital budgeting projects because most p

Elodia [21]

Answer:

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Explanation:

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A purely domestic firm sources its products, sells its products, and raises its funds domestically

Yanka [14]

Answer:

The correct answer is option D.

Explanation:

A purely domestic firm can face competition from an MNC. An MNC has the advantage of more than one sources of inputs and more than one product market. But the domestic firm also possesses an advantage of having a thorough knowledge of the local market as they have operated there unlike MNCs.

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3 years ago

When an electrical circuit is capable of conducting current.

mario62 [17]

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3 years ago

Given the following data for Harder Company, compute cost of goods manufactured: Direct materials used $120,000 Beginning work i

il63 [147K]

Answer:

c. $480,000

Explanation:

Cost of goods manufactured $

Direct materials used 120,000

Direct labor 200,000

Manufacturing overhead 150,000

Beginning work in process 20,000

Ending work in process 10,000

Cost of goods manufactured 480,000

So, Correct option is c. $480,000

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3 years ago