ameliaekeller ameliaekeller
  • 02-10-2018
  • Social Studies
contestada

where on a graph is surplus and shortage located in relation to X

Respuesta :

slugsinmybutt
slugsinmybutt slugsinmybutt
  • 02-10-2018
If the market price is above the equilibrium price, quantity supplied is greater than quantity demanded, creating a surplus. Market price will fall. If the market price is below the equilibrium price, quantity supplied is less than quantity demanded, creating a shortage. The market is not clear. It is in shortage. Market price will rise because of this shortage. Hope this helps?
Answer Link

Otras preguntas

Solve for x. 7x + 9 = 6x - 5
Name all the labeled land and water areas that intersect with the prime meridian
What is the slope of the line on the graph?
A nation has a GDP of 685m. It has a growth rate of 4%. How long will it take the nations GDP to double?
Whether Jake or Jason has experience and talent is important, though other qualities are expected, too. Which underlined word is the subordinating conjunction?
What can we learn from primary and secondary sources?
Sara watched the pump at the gas station dispense gas at a rate of ½ gallon every 3 ¼ seconds. How long will it take, in seconds, to put 50 gallons of gas in th
Study the Proof Given. List the reasons for Items 2,3, & 4. Right the number and then the answer.
Who was the portuguese soldier and explorer who sailed to greenland in 1500?
estimate the value of 97.5 square rated divided by 1.96