Question

the law of supply and demand
assignment active
supply and demand curves
supply and demand equilibrium
match each term with the correct part of the graph
demand curve
supply curve
equilibrium point a
b
c

Explanation:

• Demand curve: In a supply - demand graph, the demand curve typically has a negative slope (as price increases, quantity demanded decreases). The red line (labeled B) shows this negative relationship, so the demand curve is B.
• Supply curve: The supply curve has a positive slope (as price increases, quantity supplied increases). The blue line (labeled A) shows this positive relationship, so the supply curve is A.
• Equilibrium point: The equilibrium point is where the supply and demand curves intersect. In the graph, the point labeled C is the intersection point of the two curves, so the equilibrium point is C.

Answer:

• Demand curve: B
• Supply curve: A
• Equilibrium point: C