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After a natural disaster such as a tornado or a hurricane, fresh water and food supplies are essential. Along with that is temporary housing for people who have lost their homes..
Medical supplies would also be in demand so that M.D.'s helping the injured have the right "tools".
What else can I help you with?
What happens to the equilibrium price and quantity when demand rises less than supply rises?
When price and quantity demanded rises less than supply rises then shortage of goods create.
What is less elastic?
Less elastic goods or services have fewer substitutes available, making consumers less likely to switch to another option when the price changes. These goods are typically necessities or items that are unique in some way. Additionally, less elastic demand means that price changes have a smaller impact on the quantity demanded.
How price of related goods affects supply?
prices of related goods affects supply because as more and more units of commodites are demanded by individuals,the prices will be high,hence the suplly will be affected as consumers will purchase low and the producer will poduce less.
What is relative in-elasticity?
Relative inelasticity refers to a situation where the quantity demanded or supplied of a good or service changes less than proportionately in response to a change in price. In other words, when the price of the good increases or decreases, the resulting change in quantity demanded or supplied is relatively small. This concept is often associated with necessities or goods with few substitutes, where consumers are less sensitive to price changes. It is typically quantified using the price elasticity of demand or supply coefficient, which is less than one for inelastic goods.
Do you agree foreign textiles in India?
No, because it affect our economic system ,our textiles .Everyone wants to use foreign things if foreign textiles will start here then the production of foreign goods will increase and indian goods will be less demanded. So indian textile will will start to decrease .
Why are some goods inelastic and some goods elastic?
Goods are classified as elastic or inelastic based on the sensitivity of their demand to price changes. Elastic goods, such as luxury items, have many substitutes and are more responsive to price changes, meaning a small price increase can lead to a significant drop in quantity demanded. In contrast, inelastic goods, like essential items (e.g., food, gasoline), have fewer substitutes and are less sensitive to price changes, so a price increase does not significantly reduce the quantity demanded. Factors such as necessity, availability of substitutes, and consumer preferences play key roles in determining elasticity.
when the supply is less than demanded there is a?
If the supply is less than the demand, there will be a shortage and price increase.
Is return outward in less cost of goods sold?
Yes, they would reduce the amount if purchases which is also in Cost of Goods Sold.
Which type of tornado is the most rare?
The rarest rating for a tornado is EF5. Less than one tornado in every thousand receives such a rating.
When is a price floor not binding?
the quantity of the good demanded with the price floor is less than the quantity demanded of the good without the price floor
Are all tornadoes considered to be violent?
It depends. A tornado is defined as a "violently rotating column of air" and most people would consider any tornado a violent event. However, in discussing tornado strength, a violent tornado is one of EF4 or EF5 intensity. Less than 1% of tornadoes recieve such ratings.
When a shortage exists?
quantity supplied is less than quantity demanded
