briannapham
contestada

Which needs to happen to the price indicated by p2 on the graph in order to achieve equilibrium?

A. It needs to be increased.
B. It needs to be decreased.
C. It needs to reach the price ceiling.
D. It needs to remain unchanged.

Which needs to happen to the price indicated by p2 on the graph in order to achieve equilibrium A It needs to be increased B It needs to be decreased C It needs class=

Respuesta :

Which needs to happen to the price indicated by p2 on the graph in order to achieve equilibrium? B. It needs to be decreased.

Equilibrium is the point at which supply and demand balance each other out. To make sure equilibrium is reached, there needs to be a decrease in the price so that the demand and supply match. If the price is too much, less people are likely to purchase the product however, would at a lower price.

Parrain

In order for the price at P2 will be able to achieve equilibrium, B.  It needs to be decreased.

How is equilibrium achieved?

The equilibrium price is the point at which the Supply and Demand curves intersect.

That point is at P* which is below P2. In order for P2 to reach that point therefore, it needs to be decreased.

In conclusion, option B is correct.

Find out more on equilibrium pricing at https://brainly.com/question/22569960.

ACCESS MORE
ACCESS MORE
ACCESS MORE
ACCESS MORE