More specifically, Figure 1 illustrates the demand and supply curve for As can be seen, we know for each price, there is a quantity of demand and We can find a point E, at which the quantity of supply equals demand, and this point is called market In a other word, markets find the price to allocate According to the diagram, When the price of beer reaches 5£, it exceeds the price that people can afford, therefore the demand is Nobody wishes to buy the However, the producers provide 160 bottles of beer to buyers at this price, because the price will give them maximum profit even though the demand is very 第二段我改了不少,我学过marketing的
To be more specific, the figure 1 illustrates the demand and supply curve for As you can see, we know that each prices has different quantity of demand and And we can find a point at E which the quantity of supply equals And it is called the 'market equilibrium' In other words, market finds the price to allocate According to the diagram, when the price of beer reaches £5, which exceeds the price the buyers think they cannot It means the quantity of demand is zero and nobody will be willing to buy On the other hand, the producers see the price and will be glad to provide 160 bottles of beer to It's because the price determined by market always prevails over the price the producers