1) Venn Diagram is used to organize data
2) Four circles. Three intersection circles, and one which contains other three circles
3) In the intersection area of three circles.
4) In the circle which contains other three circles, but not inside any of the intersecting circles.
- The equilibrium price is $1.12.
- If price is $0.98, there would be scarcity of Super Widgets.
- When price is $0.98, quantity demanded is y.
- When price is $0.98, quantity supplied is x.
- When price is $1.22, there would be a surplus of Super Widgets.
<h3>What is equilibrium? </h3>
Equilibrium price is the price at which the quantity demanded equals the quantity supplied. The equilibrium price is $1.12.
Above equilibrium price, quantity supplied would exceed quantity demanded and there would be a surplus. When price is below equilibrium price, quantity supplied would be less quantity demanded and there would be a scarcity.
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The answer to your question is -10
All good and for number 6 you should draw an acute angle
Answer:
2 cups
Step-by-step explanation:
