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In order to achieve equilibrium, what else must be included on the graph? disequilibrium supply curve excess supply excess demand

Jessie Thompson

in Business

1 answer

1 answer

Curtis Rhodes on August 8, 2018

The answer is: Supply curveTo show the equilibrium, a graph should contain both the supply curve and the demand curve. Supply curve representing the price of the product and the amount that suppliers are willing to offer in each of the price points. For most goods, the quantity of supply increases as the price of the products increases.

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