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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
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 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
What is it when the quantity supplied is greater than the quantity demanded?
could be shortage
When quantity supplied is greater than quantity demanded there is?
Excess supply.
When quantity demanded is greater than quantity supplied the price will?
the price increase
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
What does in demand mean?
the quantity demanded at each price in a set of prices is greater
When equilibrium demanded is greater than quantity?
No. Equilibrium is when supply and demand are equal
What happens to the price when the quantity supplied is greater than the quantity demanded?
When quantity supplied is more than quantity demanded price falls, upto the point at which some suppliers decide they would rather not sell the product at that low price. If the supply quantity is still more (after the above mentioned supplies have been taken out of the market) than quantity demanded, then price continues to fall upto the level where he next supplier takes supplies out of the market. Also to be noted is that, when price falls, demand increases. This continues to happen until, the quantity supplied equals demand. This method generally works for most commodities, because the suppliers could store the commodity for future use. Also the general assumption is at a price of $ 0, the demand is infinite. But depending of the commodity there could be other effects, especially price floors due to substitute uses for the commodity etc.
What does increase in demand mean?
the quantity demanded at each price in a set of prices is greater
