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What happens when the quantity of goods is higher than demand? On a graph, a(n) _____ shows the demand portion of equilibrium. Which explains why the price indicated by p2 on the graph is lower than the equilibrium price? As prices fall, demand goes up.
Which explains why the price indicated by p2 on the graph is lower than the equilibrium price? As prices fall, quantity demanded goes up. As prices fall, quantity demanded goes down. As prices fall, quantity demanded stays the same. As prices fall, quantity demanded disappears. Which explains why the price indicated by p2 on the graph is higher than the equilibrium price? As prices rise, quantity demanded goes down. The graph shows a point of equilibrium. What does q represent on the graph?
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