A graph has Quantity on the x-axis and price in dollars on the y-axis. A line that represents supply has a positive slope and a line that represents demand has a negative slope. The lines intersect each other at the point of equilibrium. A point on the demand line represents the quantity supplied, and a points on the demand line represents quantity demanded. Both are at the same price point below equilibrium. Use this graph to answer the following questions. In this example, what is occurring within the market? What is there an excess of? What could solve the problem shown in this graph?

Answers

Answer 1

Answer: 1)excess supply

2) they should fall

Explanation: 100% correct on edg

Answer 2

The market is in equilibrium when the supply and demand curves intersect. The quantity supplied and demanded is equal at this point. The quantity is the equilibrium quantity, and the price is the equilibrium price, also known as the market-clearing price.

What is the equilibrium law of supply and demand?

According to the law of supply and demand, prices will decrease if there is a surplus of a good or service compared to the demand for it. Price increases occur when demand outpaces supply. The price at which the supply and demand are in perfect balance in a free market is known as the equilibrium price.

The price at which the quantity of supply and demand is balanced is known as the equilibrium price. The point where the demand and supply curves intersect is what determines it. There is a surplus when there is more supply of a good or service than there is demand for it at the going rate; this forces the price down.

Learn more about the equilibrium law here:

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Related Questions

2. How did nationalism and imperialism increase the tensions in before WWI?
Imperialism increased the conflicts between countries as they competed for territory, while nationalism
threatened the stability of existing nations.
Imperialism decreased the conflict between countries as they competed for territory, while nationalism
increased the stability of existing nations.
Nationalism increased the conflict between countries as they competed for territory, while imperialism
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Nationalism decreased the conflict between countries as they competed for territory, while imperialism
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Answer:

the belief that people's loyalty shouldn't be to a king or empire, but to their own nation. How did nationalism increase tensions among European nations? It increased power among the European nations. ... European colonies competed for colonies in Asia and Africa.

Explanation:

Why did the delegates at the Constitutional Convention establish the electoral college for electing a president?

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Answer:

The electors were created by the Constitution to do only one thing: elect the President and Vice President of the United States. ... Some delegates wanted Congress to choose the President, but that would have upset the balance of power among the three branches of government.

Explanation:

What does it mean that the "necessary and proper" has been disputed in terms of strict
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Explanation:


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Answer:

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Explanation:

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Answers

Answer:

The only first thing I can think is Freedom

Explanation:

Allowed to keep a gun, freedom of speech & political beliefs, equality

What was different about the life of slaves in the British colonies compared toBrazil and the Carribean?

Answers

Answer:

Slavery formed a cornerstone of the British Empire in the 18th century. Every colony had enslaved people, from the southern rice plantations in Charles Town, South Carolina, to the northern wharves of Boston.

Slavery was more than a labor system; it also influenced every aspect of colonial thought and culture. The uneven relationship it engendered gave white colonists an exaggerated sense of their own status. English liberty gained greater meaning and coherence for white people when they contrasted their status to that of the unfree class of enslaved black people in British America. African slavery provided white colonists with a shared racial bond and identity.

Explanation:

The Berlin airlift operation, nicknamed “Operation Vittles,” provided food, fuel, and basic supplies for Allied forces stationed in Berlin during World War II.

True

False

Answers

Answer: True

Explanation:

About how long was the hegira (journey from Mecca to Medina)?

Select one:
a. 200 miles
b. 1,000 miles
c. 20 miles
d. 500 miles

Answers

200 miles, I am sure that this is the correct answer.
I think 200 if it is wrong I am very sorry please thank me

I NEED HELP PLS AND U GET TEN POINTS THATS ALOT

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Answer:

Its Assasination first, ultimatium second, war third,  germany declare 4th, and british one 5th in time order

Explanation:

Answer:  1 Archduke Ferdinand Assassinated

2  July Ultimatum

3 Austria-Hungary declares war on Serbia

4 Germany declares war on Russia and France

5 Britain declares war on Germany

Explanation: The Great War is also known as World War I.

It can be confusing. The history channel has a good explanation of the sequence of events.

PLEASE HELP ME

Is the federal government better at managing some things better than states are? Include examples and reasons for your claim.

Answers

Answer:

“There are some types of things that state governments are good at handling, and other things the federal government is good at handling,” said Jason Sorens, the program director of the Political Economy Project at Dartmouth College. “There are some kinds of fiscal relationships between the federal and state governments that are more efficient than others, but that’s not the same thing as saying that states are more efficient than the federal government.”

Explanation:

here are some examples to use for evidence, hope this helps! <3

WHAT IS A MODERN DAY EXAMPLE OF BLACKLISTING? WHAT KINDS OF THINGS CAN GET YOU BLACKUSTED??

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Recording artist that don’t follow their labels rules
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Which of the following is a true statement? (5 points)

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Answer:

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Explanation:

Search and seizure refers to...

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Answer:

Search and Seizure “Search and seizure” refers to the methods used by law enforcement to investigate crimes, track down evidence, question witnesses, and arrest suspects. It also refers to the legal rules governing these methods.

Explanation:

Search and seizure is a procedure used in many civil law and common law legal systems by which police or other authorities and their agents, who, suspecting that a crime has been committed, commence a search of a person's property and confiscate any relevant evidence found in connection to the crime. (But put this in your own words)

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It says to use a PowerPoint. I don’t know the answers to this considering we don’t have access to the PowerPoint. I’m sorry. My guess is to look for the power point your teacher is talking about and to finish your notes that way. I’m sorry I couldn’t be of any other help

PLEASE HURRY!! Exploration era is to colonization era as colonization era is to
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Answers

i think it’s new world. new world or settling.

to what extent did american colonies change after the revolutionary war from years 1775 to 1787

please help , thank you! ​

Answers

Answer:

The Revolution opened new markets and new trade relationships. The Americans' victory also opened the western territories for invasion and settlement, which created new domestic markets. Americans began to create their own manufacturers, no longer content to reply on those in Britain.

Explanation: That is it give me brainliest plz

Answer:

the person above is correct just to confirm

Explanation:

ftvytbbrhrbrb hello

hi

Explain this Quote:
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Answer:

She is saying that the way to correct untrue or wrong situations is, to tell the truth or find it.

Explanation:

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B)shelter

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Answers

Answer:

daily lives

Explanation:

it fits right

Answer:

C) Daily lives

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Answers

Answer: It ended a crisis in European diplomacy following World War I and the Treaty of Versailles. The plan provided for an end to the Allied occupation, and a staggered payment plan for Germany's payment of war reparations.

True or false
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Answers

Answer:

The answer is ture !

Explanation:

hope this helps !

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Answers

Answer:

Copernicus dedicated the book to Paul III who was known for his astrological predilection he had promoted an astrologer  to a cardinal because he had twice forecasted his election to the Papacy.

Explanation:

humans pass their gentic information dna from parent to offspring during???

Answers

Parents pass on genetic information to their offspring in the gametes (sex cells).

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Answer:

Alexander Hamilton

Explanation:

1.) How did the Silla turn Korea into an economic and cultural center?
2.) What development in Korean culture occurred during the Koryo dynasty?
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PLS HELP IM NOT GOOD AT THIS STUFF-

Answers

Answer:

1) Once Silla was unified and established they had a rapid emergence of religion, commerce and art, that turned Silla and Korea into an economic and cultural center.

2) developments in architecture, ceramics, printing, and papermaking.

3)The Khmer empire used an adapted form of India's writing system.

4)Dome-shaped hindu temples.

Explanation:

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1 point
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Answer:

B, British.

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Answer:

3. Federal courts

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Answer:

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Explanation:

Answer:

The growth of the Industrial Revolution depended on the ability to transport raw materials and finished goods over long distances. There were three main types of transportation that increased during the Industrial Revolution: waterways, roads, and railroads. Transportation was important because people were starting to live in the West.

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