0
that's when I get horny
Wiki User
∙ 12y ago
Add your answer:
Earn +20 pts
What do you have when the actual price in a market is below the equilibrium price?
Excess Supply
Why is it advantageous for the market price to be equilibrium?
Because at equilibrium, all demands are satisfied while there is no excess supply.
When does excess supply occur?
Excess supply occurs when, at a given time, the equilibrium price of the market is less than the price that the goods are supplied at.
Define the term equilibrium Explain the changes in market equilibrium and effects to shifts in supply and demand?
madarchode machudda
HOW EXCESS SUPPLY IN THE MARKET FOR BANANAS?
excess supply in the market for bananas
What do you have when the actual price in a market is below the equilibrium price?
Excess Supply
Why is it advantageous for the market price to be equilibrium?
Because at equilibrium, all demands are satisfied while there is no excess supply.
When does excess supply occur?
Excess supply occurs when, at a given time, the equilibrium price of the market is less than the price that the goods are supplied at.
Define the term equilibrium Explain the changes in market equilibrium and effects to shifts in supply and demand?
madarchode machudda
HOW EXCESS SUPPLY IN THE MARKET FOR BANANAS?
excess supply in the market for bananas
What is Market equilibrium?
Market equilibrium is this situation when market demand is equal of market supply
What happen if price floor is above equilibrium price?
In a competitive market, it will produce an excess of supply (for the floor price, supply is bigger than demand)
Example of market equilibrium?
Market equilibrium is when the demand of the product and the supply of the product is equal. If either demand or supply changes, then the equilibrium adjusts.
What is market equilibrium under perfect competition?
it is a state in which market demand = market supply
When does market equilibrium occur?
When demand equals supply.
When is there an equilibrium wage?
When there is no excess in demand for workers and in supply of workers (By Solomon Zelman)
How does excess oil supply affected market equilibrium?
this is prof netta, if you keep asking the internet for our answers i will be forced to make the unit available the same day the question is due.
