Determining Market Price Answers

What is the point at which supply and demand intersect?equilibrium pointdisequilibrium pointexcess supply pointexcess demand point

Demand for a new truck is beginning to increase, but car dealerships still have too many of these trucks on their lots.

[___] The price for a popular holiday toy has risen too high, and consumers are not purchasing items in stock on store shelves.

[___] The price of a product has dropped greatly, and store owners do not have enough of the item to meet demand.

[___] Demand curve

On this graph, the equilibrium point occurs at which price?

equilibrium✔ disequilibrium

"A" represents the new quantity demanded, while "B" represents the new quantity supplied. What is the result of these changes? Based on this graph, what will prices most likely do?

[___] Supply curve

supply✔ demand

rise✔ fallstay the same

[___] Equilibrium point

lower prices✔ higher prices