Equilibrium Symbol 2023
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The concepts equilibrium excess supply and excess demand and we did so using tables and from the table with drew diagrams and on the diagrams we indicated equilibrium exists supply an excess demand but we already said that we can draw and we use diagrams a lot of lot in economics and with all the diagrams free hand if we do so we start with the axis in 9 x’s price and quantity and we know that in demand curves slug down with from left to right and the supply curve upwards from left to right and we the two curves intersect we have equilibrium price and equilibrium quantity from the information in the table we could say this will be at the price of full and a quantity of 3000 price of 41 to the mornith equals three thousand and quantity supplied is also three thousand so yes we have indeed equilibrium.