In the provided graph, the equilibrium point in the market is where the S and D curves intersect. At equilibrium, the total amount of spending that consumers would be paying for the product is
Represented by the area
Definitions:
Elected Official
An individual who has been chosen through a democratic process to hold a public office.
Constituents
The people represented by elected officials in a particular electoral district or area.
Politically
Pertaining to politics, which is the set of activities associated with the governance of a country or area, especially the debate between parties having power.
Heads Of Government
The highest-ranking official in the executive branch of government, often responsible for forming government policy and administration.
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