Sloping demand curve, D1 and where they intersect, that gives us our equilibrium price, P1 and our equilibrium quantity, Q1 and once again, if you were taking some type of a standardized test, it's important that you Kind of our starting point and then we have our downwards Q representing quantity, we have our upwards sloping supply curve. It's important to title your graphs, especially if you were taking some type of a standardized exam like an AP exam and in the vertical axis we have P representing price, and then the horizontal axis, Let's say in a given region in the ice cream market. Each of them is showing where we are right now, Have eight versions of the exact same diagram. What we're going to do in this video is think aboutĪll of the different ways that a supply curve orĪ demand curve can shift and that's why we actually
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |