The intersection of the two lines on the graph represents ________
A) the convergence point, which is the quantity that consumers will buy when the product costs a certain amount
B) the equilibrium point, which is the price at which consumers are willing to pay given the quantity that producers are willing to make
C) the convergence point, which is the point at which the supply and demand curves converge
D) the equilibrium point, which is the quantity of product a manufacturer is willing to produce in a declining economy
B
You might also like to view...
The view that natural resources are important but not indispensable is held by
a. environmental economists b. ecological economists c. Eastern European economists d. neoclassical economists e. classical economists
Can you identify from the two maps’ regions where PRECIP supply (16.1a) is higher than POTET demand (16.1b)? Compare the two maps and describe these regions.
What will be an ideal response?
Which of the following won a Nobel Prize for studies of signal transduction?
A) K. Mullis B) M. Nirenberg C) M. Rodbell D) R. Roberts
At what type of plate boundary do compression and subduction take place?
a. divergent b. convergent c. emergent d. passive e. transform