# Math

What is a known product that has reached market equilibrium? I can not determine how to find this. I am using the high demand and low cost of chicken as an example. Has it reached equilibrium?

Thank you!

1. 👍 0
2. 👎 0
3. 👁 80
1. Should have said econ*, not math. Sorry!

1. 👍 0
2. 👎 0
posted by T

## Similar Questions

1. ### Economics

In a perfect competitive market setting,which of the following would be a true statement? a)market price automatically sets itself exactly at equilibrium b)market price rarely trends toward the equilibrium value c)wage rates trend

asked by Andrew on February 24, 2015
2. ### Economics

Suppose demand and supply functions are given by: 2 1 4 1 2 1  7    x s x x d x Q P and Q P a. Determine equilibrium P and Q in this market b. Use graph to show market equilibrium

asked by Maru on December 1, 2015
3. ### econ

Consider the following data about the goods market in a hypothetical closed economy. Assume that government expenditure is constant at \$200 million. Also assume that there is equilibrium in the goods market at all times. Some of

asked by sonia on March 14, 2010
4. ### econ

Consider the following data about the goods market in a hypothetical closed economy. Assume that government expenditure is constant at \$200 million. Also assume that there is equilibrium in the goods market at all times. Some of

asked by sonia on March 14, 2010
5. ### economics

How can I determine if two goods are in the same market or market segment? I am not sure how to determine if they have the same demand curve. For example I need to determine if a movie rented from Redbox is or is not in the same

asked by DM on May 18, 2012
6. ### microeconomics

. For each event, illustrate the impact on the relevant market and determine what will happen to the equilibrium price and quantity in that market. (40 points – 10 points per line item) Event Market for: Show which curve shifts

asked by tony swift on November 22, 2010
7. ### economic

If the Government fixes the price of this product at \$2 explain what would happen in the market. Draw a supply and demand curve for "this" product. Is the fixed price above or below the market equilibrium? Depending on how you

asked by shirley on October 15, 2006
8. ### Math

the supply and demand function for a product are qs = (S)p=5p^2-800 and qd= D(p)=2p^2-80p+3500. Determine the market equilibrium price pe and quantity qe

asked by Sherianna on March 8, 2016
9. ### chemistry

Lead metal is added to 0.100M Cr3+(aq) Pb(s) + 2Cr3+(aq) -> Pb2+(aq) + Cr2+(aq) What is [Pb3+] when equilibrium is reached? What is [Cr2+] when equilibrium is reached? What is [Cr3+] when equilibrium is reached? i solved it buh

asked by help!!! on February 9, 2009