1 inflammatory diseases (such as Perthes' disease), and all chronic forms of arthritis (e.g. rheumatoid arthritis and gout). 2  In gout, uric acid crystals cause the cartilage to degenerate at a faster pace.
Equilibrium Price. When a product exchange occurs, the agreed upon price is called an equilibrium price, or a market clearing price. Graphically, this price occurs at the intersection of demand and supply as presented in Figure 1.ith no immediate change in consumers' willingness to buy crops, there is a movement along the demand curve to a new equilibrium. Consumers will buy more but only at a lower price. How much the price must fall to induce consumers to purchase the greater supply depends upon the elasticity of demand.
An Increase in the Quantity Supplied. The Quantity Supplied is an amount at a given price while Supply is the entire relationship between the various Quantities Supplied at a variety of prices. When the price increases from P1 to P2, the quantity supplied increases from Q1 to Q2. Changing the price leads to changes in the quantity supplied. Paying extra for overtime is a way to increase the quantity supplied. Supply is the relationship between Prices and Quantities Supplied.