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

You have older parents who have been saving for retirement for decades. They are now getting close to retirement age and are loo

Elis [28]

Based on my knowledge of inflation and its redistribution of purchasing power, I would advise my older parents to embark on Plan B by purchasing a business.

<h3>How does inflation redistribute purchasing power?</h3>

Inflation redistributes purchasing power by giving less value to lenders and savers than to borrowers and investors.

The purchasing power of a fixed money plan decreases. On the other hand, the purchasing power from variable investment changes with inflation.

A business would also increase its value over time more than a fixed investment.

Thus, based on my knowledge of inflation and its redistribution of purchasing power, I would advise my older parents to embark on Plan B by purchasing a business.

Learn more about inflation and purchasing power at brainly.com/question/16467725

#SPJ12

6 0

2 years ago

Ctrl+_______ selects the last cell with data.

mr Goodwill [35]

Ctrl+End Although this is actually a shortcut method in excel for accomplishing the task in the above named question, there is no other direct methods for selecting the last set of data one is working with in Microsoft excel.

4 0

3 years ago

Read 2 more answers

What was a factor in Pilgrim's success in their new colony?

MrMuchimi

Answer:

D) Anagreement with the local Native Americans is the correct option.

Explanation:

The Plymouth colonists acted on the behalf of the King James First allied with the chief of Wampanoags. By the treaty, both parties agreed not to hurt one another. It was the first treaty signed between the native Americans and the colonists. As per the treaty, if any Wampanoag violated the treaty, he would be sent to Plymouth as punishment. and if a colonist broke the punishment he would be sent to the Wampanoags. The treaty was signed in 1621 and lasted for 50 years.

4 0

3 years ago

The substitution effect is the change in consumption due to: A. a change in utility. B. a change in income. C. a change in the a

vlabodo [156]

Answer:

Option (D) is correct.

Explanation:

There are two kinds of effect:

(1) Substitution effect : It is related to the relative price changes.

(2) Income effect: It is related to the change in purchasing power.

The substitution effect refers to the change in the consumption of a good with any change in the relative price of the good. If there in an increase in the price of one good then as a result the demand for that good decreases and the demand for other substitute good increases because of the lower price.

5 0

3 years ago

_______ refers to changing one or more of a product's characteristics; while, a _______ is the development of a product closely

jeka57 [31]

Answer: PRODUCT MODIFICATION refers to changing one or more of a product's characteristics; while, a LINE EXTENSION is the development of a product closely related to one or more products in the existing product line but designed specifically to meet somewhat different customer needs.

7 0

4 years ago