-Refer to the figure above to answer this question.What are flows 4 and 5 respectively?
Definitions:
Supply and Demand Functions
Mathematical expressions that describe the relationship between the supply of and demand for goods or services within a market.
Pareto Optimal
A distribution of resources from which it is impossible to reallocate in a way that makes at least one individual better off without making anyone worse off; it constitutes an efficient allocation of resources.
Marginal Rate
A measure of the rate of change in a variable as another variable changes incrementally, often used in the context of taxes or utility.
Cheese Doodles
A popular snack food, typically extruded, corn-based, and coated with a cheese-flavored powder.
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