subject
History, 02.04.2020 01:06 youtubeviewer109

The graph shows a point of equilibrium.

A graph has Quantity supplied on the x-axis and price in dollars on the y-axis. A line that represents supply has a positive slope and a line that represents demand has a negative slope. The lines intersect at point (30, 9). Line P is drawn from the point of equilibrium to the y-axis, and line Q is drawn from the point of equilibrium to the x-axis.

What does "P" represent on the graph?

the point where equilibrium is achieved
the price at the equilibrium point
the average price of goods sold
the point where supply and demand drop

ansver
Answers: 2

Another question on History

question
History, 21.06.2019 17:30
What method did party bosses use to maintain the power of their political machines?
Answers: 1
question
History, 21.06.2019 18:00
What was martin luther king, jr., referencing in the passage that brought him to lead a protest in birmingham?
Answers: 1
question
History, 22.06.2019 00:30
The 15th amendment to the u.s. constitution, ratified in 1870, deals with what issue? a. prohibition of alcohol b. voting c. declaring war d. free speech
Answers: 2
question
History, 22.06.2019 01:50
The methods of handling businesses and industries that conduct business around the world is known as a. globalization. b. socialism c. privatization. d. migration
Answers: 2
You know the right answer?
The graph shows a point of equilibrium.

A graph has Quantity supplied on the x-axis and...
Questions
question
Mathematics, 13.01.2021 18:10
question
Mathematics, 13.01.2021 18:20
question
English, 13.01.2021 18:20
question
Mathematics, 13.01.2021 18:20
Questions on the website: 13722367