All categories

2 years ago

in the graph, what information is determined by looking at the intersection of the supply and demand curve

Social Studies

1 answer:

Dmitry_Shevchenko [17]2 years ago

7 0

Answer:

Market equilibrium is determined by the intersection of the supply and demand curves.

Explanation:

There is a relationship between demand and supply. And in macro economics four laws perceived in between demand and supply.

If with increasing demand supply remains unchanged it will lead to high price of commodity.

If with increasing demand supply also increase it creates a balance equilibrium in between market demand and supply.

If due to certain reason demand diminish and supply remains same in high quantity it will totally disbalance market equilibrium and both the buyer and seller will face the impact of that fluctuation.

You might be interested in

what three factors should be considered when choosing a research topic? explain each factor and provide examples

leonid [27]

Answer:

1. Your interest is important where you have burning desire to add value.

2. Your skills, background knowledge versus your interest and societal need.

3. Level and type of research-Under-graduate, Graduate student etc or just research

4. Availability of resources including Experienced Supervisor or Co-investigator, facilities/funds/Data/instrument among others

Explanation:

6 0

2 years ago

Which fallacy assumes that a conjunction of two realities or events is more likely than either one of the realities or events se

Annette [7]

Answer:

Conjunction Fallacy.

Explanation:

Conjunction Fallacy is a faulty reasoning which occurs when one assume that a conjunction of two reasons is more probable than one of the two reasons or occurring of those two events separately.

This further brings to fallacy when one assumes that complex details are more presumed to be true than the general ones. This fallacy is also known with other name, that is, Linda Problem.

So, the correct answer is Conjunction Fallacy.

5 0

2 years ago

Why did the Pilgrims go to Plymouth?

notsponge [240]

The answer is c Plymouth didn’t have a colony yet.

3 0

3 years ago

Which is not a judicial power of the President?

Fynjy0 [20]

Answer:

Explanation:

You didn't list the options, but some Judicial powers of the president include being able to nominate Supreme Court Justices and appoint other federal judges. For federal cases, the president can grant reprieves, pardons, and commutations.

8 0

2 years ago

Read 2 more answers

What creates irony in a work of literature?

egoroff_w [7]

Irony is mostly created by B. the contradiction between appearance and reality

This is most visible in dramatic irony, but also in other types of ironies.

7 0

2 years ago

in the graph, what information is determined by looking at the intersection of the supply and demand curve ​

in the graph, what information is determined by looking at the intersection of the supply and demand curve