taniaw54 taniaw54

19-03-2024
Mathematics

Answered

The price-quantity combinations can be plotted on a curve, known as a demand curve, with price represented on the vertical axis and quantity represented on the horizontal axis.
This model reveals the equilibrium price for a product, the point where consumer demand for a good at various prices meets the price suppliers are willing to accept to produce the desired quantity of that good show the increase graph

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