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A publisher has printed more copies of a book than people want to read.
Christop Erdman
Wiki User
∙ 13y agoIf a farmer grows 100 lbs of corn, but the buyer only wants 80 lbs of corn, then the farmer has 20 lbs "surplus" (or "extra") corn.
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What describes the situation that occurs when the equilibrum quantity has been reached?
there is no surplus or shortage
What describes the situation that occurs when the equilibrium quantity has been reached?
There is no surplus or shortage
Describes a situation in which a surplus occurs?
A publisher has printed more copies of a book than people want to read.
Occurs when supply outstrips demand?
surplus
When does shortage and surplus occur?
A shortage occurs when quantity demand exceeds quantity supplied. A surplus occurs when quantity supplied exceeds quantity demanded.
What describes the situation that occurs when the equilibrum quantity has been reached?
there is no surplus or shortage
What describes the situation that occurs when the equilibrium quantity has been reached?
There is no surplus or shortage
Describes the situation that occurs when the equilibrium quantity has been reached?
There is no surplus or shortage
Describes a situation in which a surplus occurs?
A publisher has printed more copies of a book than people want to read.
Occurs when supply outstrips demand?
surplus
When does shortage and surplus occur?
A shortage occurs when quantity demand exceeds quantity supplied. A surplus occurs when quantity supplied exceeds quantity demanded.
What is surplus production?
Surplus production occurs when too much of a good is produced. Supply then outweighs the demand.
When does surplus occure?
A surplus occurs when the quantity demanded is less than the quantity supplies. Producers may lower prices when they are left with a surplus of products.
How would you describe a situation in which substitution occurs?
Substitution can occur in a great many different situations. Substitution usually occurs when someone is scheduled to teach for example and becomes sick.
What is the opposite of Deficit?
The opposite of a deficit is a surplus. A deficit occurs when a country's expenses are greater than their revenues. A surplus is the opposite.
How is surplus created?
A budget surplus occurs when a person receives more money than they were planning to spend. The surplus could be saved, invested or put towards a larger purchase.
What is the different between shortage and surplus?
A shortage is when there is a LACK (not enough) of that particular resource/product/item. A surplus is when there is EXCESS, or too much of a resource/product/item.
