All categories

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.

You might be interested in

Which of these is an advantage of filing for Chapter 7 bankruptcy?

kotegsom [21]

Answer:

B) Debts can usually be erased in about 6 months.

3 0

2 years ago

Under which circumstances must an employer provide a guardrail?

Arada [10]

Answer:

A, B and D

Explanation:

Under OSHA laws, employers must provide a safe workplace for the employees. All the danger areas must be indicated with either painting or signage. Using guard rails is an excellent way of demarcating danger zones. They keep employees away from dangerous spots. In this case, an employer should use guard rails in the following circumstances.

1.Around every floor hole into which a worker can accidentally walk. The guard rails will form a barrier that will prevent accidental falls into the hole.

2.Around every open-sided platform, floor, or runaway that is 4 feet or higher off the ground or next level. The guard rails form a wall that prevents employees in raised levels from falling to the ground.

3. Regardless of height, if a worker can fall into dangerous machines or equipment. In case of an incident, the guard rails will stop an employee from falling into dangerous machines or equipment.

8 0

3 years ago

Wei is an analyst for an insurance company. The firm uses her data to make all of its business predictions. Wei is asking for a

Ostrovityanka [42]

Answer:

Expert power

Explanation:

Expert power refers to the ability someone has to influence other people because this person has a lot of knowledge or specialized skills that others don't have. According to this, the answer is that Wei has expert power because the company uses the data she provides as an analyst to make all the business predictions which means that her power comes from the knowledge and skills she posses.

5 0

3 years ago

Partnership XYZ distributed a piece of land in a nonliquidating distribution to Bob, a 50% partner, during the current taxable y

andrezito [222]

Answer:

a. Partnership XYZ's recognized gain (loss)

recognized gain = fair market value - basis = $180,000 - $50,000 = $130,000

b. Bob's taxable gain (income)

Bob's taxable income = $130,000 x 50% = $65,000

c. Bob's basis in the property

Bob's new basis = $180,00 x 50% = $90,000

d. Bob's basis in the partnership

Bob's basis in the partnership = $40,000 + $65,000 = $105,000

4 0

3 years ago

A man works for a marketing firm that has just landed a contract with Run-of-the-Mills to help them promote three of their produ

Lelu [443]

Answer and Explanation:

According to the given situation, when the amount of splishy splashies decrease by 5%, quantity of frizzles increases by 4%.

So, The cross price elasticity of frizzles relative to splishy splashies = Percentage change in quantity demand for frizzles ÷ Percentage change in price for splishy splashies

= 4 ÷ -5

= -0.80

Now,

Cross-price elasticity between splishy splashies and kipples = Percentage change in quantity demand for Kipples ÷ Percentage change in price for splishy splashies

= -6% ÷ -5%

= 1.20

b. Since there is negative cross-price elasticity between splishy splashies and frizzles, these products are complementary.

The elasticity of the cross-price between splendid splashies and kipples is positive, these goods being substitutes.

c. Here, I would therefore recommend Raskels marketing, since these two are used together.

The required Table are as shown below:-

Particulars Cross-Price Elasticity Complements Recommended

of Demand or Substitute Marketing with

splishy splashies

Frizzles 0.80 Complements Yes

Kipples 1.20 Substitute No

8 0

3 years ago