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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

<u>On the graph, a demand curve shows the demand portion of the equilibrium. </u>

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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andre [41]

Answer:

Accounting is the process of recording financial transactions pertaining to a business. The accounting process includes summarizing, analyzing, and reporting these transactions to oversight agencies, regulators, and tax collection entities. The financial statements used in accounting are a concise summary of financial transactions over an accounting period, summarizing a company's operations, financial position, and cash flows. Accounting is the recording of financial transactions along with storing, sorting, retrieving, summarizing, and presenting the results in various reports and analyses. Accounting is also a field of study and profession dedicated to carrying out those tasks.

Explanation:

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4 years ago

if jason’s fixed cost totals $800 with variable cost per unit of $10 at a quantity of 100 units, what would his average total c

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3 years ago

Andrea works as an accountant at a law firm. Her annual gross pay is $48,000. Her deductions include mortgage interest and healt

Oksana_A [137]

Andrea's asset: $48,000
Assets is cash that she owns. Other assets include: property, equipment, furniture - which are all costs that she owns.

Deductions refers to her liabilities- Andrea's liabilities/ $7,500
which costs that she owes to companies, billing and Not that she owns. Such as: mortgage, bills, bank amount loans, expenses etc

Here is what Andrea as an accountant needs to do to find the annual gross: (steps are in order)

1) she lists all of the assets costs & total the assets
As for andrea she added all her assets costs which is $48,000

2) she then lists all the liabilities costs & totals the liabilities costs
Her liabilities costs which is $7,500

3) the last step- she must subtract the assets total & liabilities total

Ex. (Assets) $48,000 - (liabilities) $7,500 = 40,500

The answer is $ 40,500 is her gross pay.

Now you are probably thinking how can that be the answer?!?

An accountant always checks :)

Here is Andreas checking process in order..

1) the answer 40,500 is her gross pay which in accounting terms it's her owner's equity because it is her amount of cash that she owns not giving it away. Think of it as a safe that her storages the money in.

2) in order to determine the total liabilities & owner's equity she must add the total liabilities + the owner's equity that we found.

Ex (total liabilities) $7,500 + $40,500 = $48,000!!
That shows that our answer is correct we retraced our steps like an accountant and found that our answer equals (in accounting terms; balances) the total assets costs.

Here is how the balance sheets looks like: Andreas balance sheet

Assets Liabilities
Cash cost Bank loan costs
Furniture cost Mortgage costs
Property cost Health Costs
Expense costs
Assets total: Liabilities total:
$48,000 $ 7,500

Owners equity (Andrea's safe) $40,500 by
(Assets - liabilities)

Total liabilities & owner's equity (total liabilities + OE (owners equity for short) = $48,000

In accounting if your total assets which is for Andrea is $48,000 equals total liabilities & OE is $48,000 then your answer is correct. In accounting assets total Must equal total liabilities & OE

Hope this helps :)

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4 years ago

You are an insurance salesman. If you make 12% on all insurance sales and sold an average $35,000 / month, how much money did yo

Zigmanuir [339]

Answer:

$50,400

Explanation:

To do this first start by multiplying .12 x 35,000. The answer should be $4,200. After this multiply 4,200 by 12 in order to get the amount of money earned over a 12 month period. This will give you $50,400.

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3 years ago

The project team is ordering a server after discovering that it was missed in the original scope discovery of the project. There

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Complete Question:

The project team is ordering a server after discovering that it was missed in the original scope discovery of the project. There is an urgency to have it delivered quickly to minimize schedule slippage, but the project team does not want to spend money from dwindling reserves to pay for the additional shipping charges. Which of the following is the most accurate description of this situation?

A. There is an attribute issue since fast shipping and low cost shipping are both characteristics associated with shipping.

B. There is a budget issue since there isn't extra money for shipping.

C. There is a mutual exclusivity issue since shipping fast and low cost do not correlate to each other.

D. There is a time issue since the server needs to arrive quickly

Answer:

C. There is a mutual exclusivity issue since shipping fast and low cost do not correlate to each other

Explanation:

The most accurate description of this situation is that there is a mutual exclusivity issue since shipping fast and low cost do not correlate to each other. If two events are mutually exclusive, they cannot occur concurrently.

Mutually exclusivity describes the characteristics of events, which makes it impossible for them to occur together (concurrently) or at the same time. This ultimately implies that the events or outcome of the sampling is disjointed.

In this scenario, there is an urgency to have the server delivered quickly (shipping fast) to minimize schedule slippage, but the project team does not want to spend money from dwindling reserves to pay for the additional shipping charges which is considered to be a high cost.

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