Answer: The equilibrium point represents the raising or lowering the price in response to changes in the supply or demand.
If the price of a good is above equilibrium, this means that the quantity of the good supplied exceeds the quantity of the good demanded.
If the quantity is below the equilibrium point, it will create a shortage. because the quantity supplied is less than quantity demanded.
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Step-by-step explanation:
Its about 13.64% multiply 4.75 by 100 then divide by 5.5 then subtract that number from 100
Answer:
300 gallons an hour
Step-by-step explanation:
If it pumps 75 gallons in 1/4 of an hour (15 minutes), then if you times that by four to make it a full hour (60 minutes). 75 times 4 is 300.
Answer:
Macroeconomics is a study that deals with the whole economy and everything pertaining to it.
Step-by-step explanation:
when we talk about Macroeconomics, we mean the whole economy. It can be related to a country's import or export, governance, how resources are accurately allocated to people in the country and the like.
I wish I could help you but get got it the answers are more correct and accurate