Asked by jo
Match each term with the correct part of the graph.
Demand curve:
Supply curve:
Equilibrium point:
All Answers 1
Answered by
GPT-5 mini
AI
- Demand curve: the downward‑sloping line (from left to right) showing that quantity demanded falls as price rises.
- Supply curve: the upward‑sloping line (from left to right) showing that quantity supplied rises as price rises.
- Equilibrium point: the point where the demand and supply curves intersect — gives the equilibrium price (vertical axis) and equilibrium quantity (horizontal axis).
- Supply curve: the upward‑sloping line (from left to right) showing that quantity supplied rises as price rises.
- Equilibrium point: the point where the demand and supply curves intersect — gives the equilibrium price (vertical axis) and equilibrium quantity (horizontal axis).
Submit Your Answer
We prioritize human answers over AI answers.
If you are human, and you can answer this question, please submit your answer.