The answer is from an economics point of view. You might need to draw a diagram to understand the question better. Let's say that the initial equilibrium price and quantity is… stable, where the demand and supply curves intersect each other. Using the market for console games for relevance, let's say the price of Play Station 3 is initially priced at USD 3.00. (it's only an example, as I have no idea how much it costs). At this price, we can say that that is the equilibrium price of the PS3, and the equilibrium quantity is 1000 units. However the equilibrium price and quantity can change depending on changes in the supply and demand in the market, hence the question is asking how the interaction between demand and supply can determine the price and output. Let assume that the demand for PS3 increases, which can happen in real life during holiday season or before Christmas. If this happens, in a graph, the demand graph will shift out. An increase in the demand while the supply remains the same, means there is excess demand of PS3 in the market. This means there are a lot of people who want to buy the PS3 but there are too little in the market or insufficient amount supplied. If this happens, the price will increase. (this is very normal in economics, when there exists excess demand the value of the good increases). The increase in the price, will thus form the new equilibrium price and quantity. We can say that the excess demand caused the price of PS3 to increase, and only a few can purchase it. This is one example of the interaction of demand and supply to determine the equilibrium price and quantity. At times, it's not only the demand that can affect the price and quantity. There are times where the supply can affect the price of a good. If excess demand causes the price to increase, excess supply, meaning a surplus of goods in the market. will mean the price will eventually fall. What you need to understand is the use of demand and supply to determine the price and quantity is a model. This demand and supply model is used to basicly understand the relationship between price and quantity and factors that can affect it.
price eqilibrium in market is determined by demand and supply of the production.
It is the price where the intentions of buyers and sellers match. where the supply and demand curves intersect
equilibrium price and equilibrium quantity?: equilibrium price: When the price is above the equilibrium point there is a surplus of supply The market price at w…hich the supply of an item equals the quantity demanded Price at which the quantity of goods producers wish to supply matches the quantity demanders want to purchase sa madaling salita supply=demand=price equilibrium quantity: Amount of goods or services sold at the equilibrium price The quantity demanded or supplied at the equilibrium price. supply=demand ayos?
Reffering to a DEMAND & SUPPLY GRAPH. When the demand curve intersects with the supply curve, we get the new equilibrium and new quantity. In order to find out the value… of the new equilibrium and quantity you create a new line starting from where the NEW supply and demand curves intersect, to the end of the graph(HORIZONTALLY TO THE LEFT AND VERTICALLY DOWN). It should look like this:
check out the related link. ===
The cost of stabling a horse monthly will vary greatly from area to area. In the USA it goes mostly by how close you are to an urban area with the prices getting higher the cl…oser you are to a city. Boarding fees vary from $150 a month for self-care paddock boarding to $2,000 at a full care show facility, with most falling in the $350-$500 range. On top of that you have to add in Vet bills and Farrier costs. Expect to pay a minimum of $200 a year on just hoof trimming, shoe cost more of course. A vet can run from $900 and up a year. The stable may or may not provide bedding and feed. If not then you'll have to buy these also, expect to pay $200+ for bedding a year and depending on the type of hay you feed $250+ a year for hay, concentrates are more. You may be required to carry equine insurance at a boarding barn, so that'll add up to a minimum of $400 a year. Add all this up and you get $3,850-$26,050 yearly, this translates into $320.83-$2170.83 a month. With most costs falling into the $5,000 a year range equalling $416.67 a month.
The critical time is a politent of social workers.
When the market price of a good is below its equilibrium value and all other determinants are unchanged?
When the market price is below its equilibrium value, with all else remaining equal, the demand for the good will rise, shifting the demand curve. The system will then mov…e back into equilibrium with the new price and demand.
a supply curve and a demand curve A supply curve and a demand curve.
Which the following most accurately describes how the equilibrium prices of a good or service can be determined?
By finding where the supply curve and the demand curve intersect.
by finding where the supply curve and the demand curve intersect
A supply curve and a demand curve.
In US Air Force
Molarity of products divided by reactants Keq=(products)/(reactants)
The answer is AJ Sanders
There is no answer here so why the heck even try to comment
This is an interesting question! We've notified our experts in thiscategory and we'll email you when there is a response.