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daser333 [38]
3 years ago
10

How is equilibrium reflected in the supply curve and

Social Studies
1 answer:
Naya [18.7K]3 years ago
5 0

In the supply curve and the demand curve, the equilibrium is reflected where the two curves intersect.

<u>Explanation:</u>

Equilibrium is fundamentally the condition in which the factors involved in the operation achieve balance of values with respect to each other. In the discipline of market economics, two major factors involved are that of supply and demand.

The equilibrium between supply and demand is achieved when the demand for a commodity or a service in the market is equal to the supply of the respective commodity or service.

When represented graphically, the condition of equilibrium is depicted through the intersection of the demand and supply curves.

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Answer:

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Explanation:

Hope this answer helps you :)

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What is the relationship between Kant's principle of universalizability and the principle of humanity? Do the two ever give conf
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Answer and Explanation:

Kant's principle of universalizability suggests that we do what we feel should be generalised or in his words universalised. I'm there words for something to be considered morally valid it should be generally satisfactory and not just apply to one person

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The above do have contradictory applications since by generalizing a thing we could still be using a human being and not making him the end in this respect. I believe the best of the two principles however is the humanity principle since by holding this principle dear every human being would treat each other better and the universalizability principle would still apply.

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