The graph shows excess supply.
A graph titled Excess supply has quantity on the x-axis a...
Mathematics, 02.04.2020 23:40 jasmine2919
The graph shows excess supply.
A graph titled Excess supply has quantity on the x-axis and price on the y-axis. A line with positive slope represents supply and a line with negative slope represents demand. The lines intersect at the point of equilibrium (p star, Q star). A point on the demand line is (P 2, quantity demanded) and a point on the supply line is (P 2, quantity supplied). Both points are higher than the point of equilibrium. Excess supply is indicated between the 2 points.
Which needs to happen to the price indicated by p2 on the graph in order to achieve equilibrium?
It needs to be increased.
It needs to be decreased.
It needs to reach the price ceiling.
It needs to remain unchanged.
Answers: 1
Mathematics, 21.06.2019 15:20
1-for what value of x is line a parallel to line b 2-for what value of x is line a parallel to line b
Answers: 1
Mathematics, 21.06.2019 17:30
Acircle has a radius of 5/6 units and is centered at (3.6, 7.8) write the equation of this circle
Answers: 1
Mathematics, 21.06.2019 18:30
If, while training for a marathon, you ran 60 miles in 2/3 months, how many miles did you run each month? (assume you ran the same amount each month) write your answer as a whole number, proper fraction, or mixed number in simplest form. you ran __ miles each month.
Answers: 1
English, 15.01.2021 22:50
English, 15.01.2021 22:50
Mathematics, 15.01.2021 22:50
Chemistry, 15.01.2021 22:50
Mathematics, 15.01.2021 22:50
Arts, 15.01.2021 22:50
Arts, 15.01.2021 22:50
Mathematics, 15.01.2021 22:50
Biology, 15.01.2021 22:50
Mathematics, 15.01.2021 22:50
Mathematics, 15.01.2021 22:50