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.
For example, if the price of the product is $10, the quantity demanded will be 100. As price increases to $20, demand will fall to 50, and when price further increases to $30 demand will fall to 25. Plotting these points on a graph will show a downward sloping demand curve from left to right. Supply Curve. Supply is the amount of goods and services that a producer is willing to supply to the market place for a given price.