Question

The products available for purchase are the

demand

equilibrium point

equilibrium price

supply

Economics Class ! Need help please :)

Answer 1

i think supply.

Answer 2

supply

Answer 3

Thank you @Nurali and @fenfen would you two happen to know the answer to this question ??

When is equilibrium reached?

When supply is greater than demand

When demand equals supply

When supply is less than demand

When demand and supply both change

Answer 4

demand = supply

Answer 5

thank you ! :) @fenfen

Answer 6

anytime :)

Answer 7

i have about 3 more questions that have graphs would you mind helping ? :)
@fenfen

Answer 8

i'll try

Answer 9

First Question

Answer 10

Question 2 :)

Answer 11

Question 3 ! and thats the last one

Answer 12

for 1: the intersection. you can see at the point (p1,q1) that demand = supply

Answer 13

Thank you ! :)

Answer 14

i'm kind of confused. what does the q axis represent?

Answer 15

P = Price
Q = Quantity
apparently.

Answer 16

oh, ok. gimme a sec.

Answer 17

okay :)

Answer 18

for 3 i think it's decreased demand and increased supply but i'm not sure. what do you think?

Answer 19

i was thinking the same thing , but im not certain of it

Answer 20

i think for 2 it's +demand = +supply and +price

Answer 21

what confuses me is the meaning of the d curves. is demand increasing or decreasing as it moves along q?

Answer 22

if it's decreasing then my answers must be ok

Answer 23

any ideas?

Answer 24

well nevermind it's decreasing and i'm an idiot :)

Answer 25

Thanks alot i got an A on it :) i appreciate it alot ! @fenfen

Answer 26

glad to be of help :)