Create your own simple metaphor illustrating how demand and supply work together to create equilibrium. Label the following on y

Question

Mama L [17]

2 years ago

11

Create your own simple metaphor illustrating how demand and supply work together to create equilibrium. Label the following on y

our metaphor: quantity demanded, quantity supplied, equilibrium point

Physics

1 answer:

alina1380 [7] · Answer 1 · 2023-05-14T07:43:02+03:00

''When the quantity demanded intersect with quantity supplied, it leads o the formation of equilibrium point.''

<h3>How equilibrium occur?</h3>

The equilibrium price and equilibrium quantity occur where the supply and demand curves cross with each other. The equilibrium occurs when the quantity demanded is equal to the quantity supplied.

So we can conclude that when the quantity demanded intersect with quantity supplied, it leads o the formation of equilibrium point.

Learn more about equilibrium here: brainly.com/question/517289