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What is the term for the point at which supply and demand are exacly equal?
This would be having exactly enough, but not too much of the product in demand. So you would be maximizing profit!
What does the term unitary elastic describe?
Unitary elastic is a demand whose elasticity is exactly equal to 1.
What is the term meaning exactly equal shape and size?
Isometric
What term is used to describe a visual with vertical and horizontal lines plot supply and demand?
graph
Define the term equilibrium Explain the changes in market equilibrium and effects to shifts in supply and demand?
madarchode machudda
What is the difference between Agile and Lean as it pertains to supply chain?
The term Agile refers to ability of of a system that responds quickly to any change in demands. In agile system when demand increases, supply also increases with less lead time, similarly supply will reduce, minimizing loss when market demand fall.
What did Adam smith argue was the Natural law that governed economic relationships?
The law of supply and demand. He also coined the term "The Invisible Hand"
Why does aggregate demand go up when money supply increases?
It doesn't. Money supply has no effect on aggregate demand. Aggregate demand is only effected by the buying power of money, real interest rate, and the real prices of exports and imports. If the supply of money goes up it only causes a short term decrease in the nominal interest rate. The price level is not accompanied by a decrease in the supply of money so the real interest rate does not rise.
What has the author L L Fassbender written?
L. L Fassbender has written: 'Near-term geothermal energy supply curves and the impacts of technology' -- subject(s): Geothermal resources, Supply and demand
Governing method in engines?
The term "Governing" means the action of varying the fuel supply in accordance with the load demand so that the engine runs at practically.
The phrase or term thats used to refer to the number of goods and services available to each person in an economy is?
Supply is the phrase or term that is used to refer to the number of goods and services available to each person in an economy. The goal is to balance the supply with the demand for the good or service.
In economics what is the meaning of the term 'demand curve'?
Graphical representation of law of demand that is change in quantity demanded due to change in price keeping other factors constant is demand curve. It is downward sloping as there is inverse relation between price and quantity demanded.
