Answer:
A. It is the point where the demand and supply curves intersect.
Explanation:
The term equilibrium is used in economics to mean balance. The equilibrium price is the balance between the demand and supply forces. Therefore, the equilibrium price is the prevailing market price.
In a graph that shows both the supply and demand curves, the equilibrium point will be the intersection point of the two curves. The intersection or equilibrium point will represent the current market price. A change to either the quantity demanded or quantity supplied will cause the equilibrium point to change.
Answer:
Benefits to Firms
It helps in improving profits of the organizations by selling products in the nations where costs are high. It helps the organization in utilizing their surplus resources and increasing profitability of their activities. Also, it helps firms in enhancing their development prospects.
Explanation:
i just looked it up so hope it helps ;)
Answer:Model in the video give the consumers have the attitude of keeping it simple.by the use of models in the video, it is simple in that there is a lot of message that is passed hoping that more individuals will b reached by it.
Relatively there I an increasingly marketing procedures that accrue by this process followed by that pull customers upto their fold, this avouda a rwlentless as well as ill-concieved efforts to engage.
Explanation:Model in the video is good.this is because it brings things easier to the consumers as this products is likely to havean intended purchase, and are likely to buy this product more ofteexposing I to the others after abconsideration of given variables of price , perception of that given model brand .
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