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When the quantity demanded is greater than the quantity supplied what is it?
could be shortage
If quantity demanded is greater than quantity supplied?
it is called a shortage
When quantity demanded is greater than quantity supplied the price will?
the price increase
What market condition exists when quantity supplied is greater than the quantity demanded?
When the quantity supplied exceeds the quantity demanded, the market is experiencing a surplus. This condition typically leads to downward pressure on prices, as sellers may need to lower prices to encourage consumers to buy the excess goods. Over time, this adjustment helps re-establish equilibrium between supply and demand.
Which represents a shortage in the market Quantity supplied is greater than quantity demanded. Market price is less than equilibrium price. Quantity supplied equals quantity demanded. M?
A shortage in the market occurs when the quantity demanded exceeds the quantity supplied. This typically happens when the market price is set below the equilibrium price, leading to increased demand and insufficient supply to meet that demand. Therefore, the correct representation of a shortage is that the market price is less than the equilibrium price, resulting in a situation where quantity demanded is greater than quantity supplied.
When the quantity demanded is greater than the quantity supplied what is it?
could be shortage
If quantity demanded is greater than quantity supplied?
it is called a shortage
When quantity supplied is greater than quantity demanded there is?
Excess supply.
What is it when the quantity supplied is greater than the quantity demanded?
could be shortage
When quantity demanded is greater than quantity supplied the price will?
the price increase
What market condition exists when quantity supplied is greater than the quantity demanded?
When the quantity supplied exceeds the quantity demanded, the market is experiencing a surplus. This condition typically leads to downward pressure on prices, as sellers may need to lower prices to encourage consumers to buy the excess goods. Over time, this adjustment helps re-establish equilibrium between supply and demand.
Which represents a shortage in the market Quantity supplied is greater than quantity demanded. Market price is less than equilibrium price. Quantity supplied equals quantity demanded. M?
A shortage in the market occurs when the quantity demanded exceeds the quantity supplied. This typically happens when the market price is set below the equilibrium price, leading to increased demand and insufficient supply to meet that demand. Therefore, the correct representation of a shortage is that the market price is less than the equilibrium price, resulting in a situation where quantity demanded is greater than quantity supplied.
How can one calculate excess demand in a market?
Excess demand in a market can be calculated by subtracting the quantity supplied from the quantity demanded at a given price level. If the quantity demanded is greater than the quantity supplied, there is excess demand in the market.
How can one identify excess demand on a graph?
Excess demand on a graph can be identified where the quantity demanded is greater than the quantity supplied, resulting in a shortage. This is shown by a point above the equilibrium price on the supply and demand graph.
When equilibrium demanded is greater than quantity the market prices will what?
rise
When equilibrium demanded is greater than quantity?
No. Equilibrium is when supply and demand are equal
What does in demand mean?
the quantity demanded at each price in a set of prices is greater
