in order to achieve equilibrium, what else must be included on the graph? disequilibrium supply curve excess…
in order to achieve equilibrium, what else must be included on the graph? disequilibrium supply curve excess supply excess demand
Answer
Answer:
B. supply curve
Explanation:
Step1: Define market equilibrium
Market - equilibrium occurs where quantity demanded equals quantity supplied.
Step2: Analyze the graph
The given graph only has a demand curve.
Step3: Determine the missing element
To find the equilibrium point (where demand and supply intersect), the supply curve must be included on the graph.