Mathematics, 21.05.2021 18:20 bandzswagg123
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.
Which explains why the price indicated by p2 on the graph is higher than the equilibrium price?
As prices rise, quantity demanded goes up.
As prices rise, quantity demanded goes down.
As prices rise, quantity demanded stays the same.
As prices rise, quantity demanded disappears.
Answers: 2
Mathematics, 21.06.2019 22:00
Question 13 (1 point) jerome is starting a new job. his contract states he will earn $42,000 the first year, and will get a 4% raise per year. which function s(x) represents jerome's salary after a certain number of years, x?
Answers: 1
Mathematics, 21.06.2019 22:30
Select all of the following expressions that are equal to 2.5.
Answers: 3
Mathematics, 22.06.2019 00:00
Define the type of sequence below. 7, 14, 28, 56, 112, a. neither arithmetic nor geometric b. arithmetic c. both arithmetic and geometric d. geometric
Answers: 1
Mathematics, 22.06.2019 01:00
Is the ordered pair (-10, 7) a solution to the equation y = 17 – x? yes or no
Answers: 1
The graph shows excess supply.
A graph titled Excess supply has quantity on the x-axis and price on...
Mathematics, 10.09.2021 08:30
English, 10.09.2021 08:30
Mathematics, 10.09.2021 08:30
Mathematics, 10.09.2021 08:30
History, 10.09.2021 08:30
Engineering, 10.09.2021 08:30
Mathematics, 10.09.2021 08:30
Mathematics, 10.09.2021 08:30
Mathematics, 10.09.2021 08:30
Mathematics, 10.09.2021 08:30
Mathematics, 10.09.2021 08:30