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:
Answer:
○ 4⁄6, -4⁄6
Step-by-step explanation:
Take the square root of both the denominator and numerator, and you will get the above two answers.
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Answer:
£4 and £8.
Step-by-step explanation:
There are 3 parts to the sharing ( 2 + 1 = 3).
So one part is 1/3 of 12.
One part is 1/3 * 12 = £4
and 2 parts = 2/ * 1/3 * 12 = £8.
Answer: it’s C
Step-by-step explanation:
