Answered

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Create your own simple metaphor illustrating how demand and supply work together to create equilibrium. Label the following on your metaphor: quantity demanded, quantity supplied, equilibrium point

Sagot :

''When the quantity demanded intersect with quantity supplied, it leads o the formation of equilibrium point.''

How equilibrium occur?

The equilibrium price and equilibrium quantity occur where the supply and demand curves cross with each other. The equilibrium occurs when the quantity demanded is equal to the quantity supplied.

So we can conclude that  when the quantity demanded intersect with quantity supplied, it leads o the formation of equilibrium point.

Learn more about equilibrium here: https://brainly.com/question/517289

Equilibrium is the condition when the supply of any goods meets the demands completely. The point at which the graph intersects is the equilibrium price.

What is Equilibrium?

Equilibrium is the condition when the supply of any goods meets the demands completely. Therefore, no extra goods are left.

Equilibrium is the condition when the supply and the demand line cross each other on a price and quantity graph as shown below. The point at which the graph intersects is the equilibrium price.

Learn more about Equilibrium Price:

https://brainly.com/question/12894603

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