Question

relationship between supply demand and equilibrium price​

Answer 1

Answer:

• Explain demand, quantity demanded, and the law of demand
• Explain demand, quantity demanded, and the law of demandIdentify a demand curve and a supply curve
• Explain demand, quantity demanded, and the law of demandIdentify a demand curve and a supply curveExplain supply, quantity supply, and the law of supply
• Explain demand, quantity demanded, and the law of demandIdentify a demand curve and a supply curveExplain supply, quantity supply, and the law of supplyExplain equilibrium, equilibrium price, and equilibrium quantity
• Explain demand, quantity demanded, and the law of demandIdentify a demand curve and a supply curveExplain supply, quantity supply, and the law of supplyExplain equilibrium, equilibrium price, and equilibrium quantityFirst let’s first focus on what economists mean by demand, what they mean by supply, and then how demand and supply interact in a market.