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The point where supply and demand meet is called market equilibrium.
If a producer is unable to meet the demand for a certain product, then either there will be other producers of the same product who will meet the demand, or if not, then there will be a shortage. Prices will rise.
Scarcity is the result of having too little of a product to meet the demand for it.
Overproduction or glut or excess supply or demand shortage
scarity
Hydroelectric power supplies about 20% of the world's electricity. Without that source of energy, more fossil fuels would be consumed to meet the demand for electricity, which would increase air pollution.
When there is not much demand for electricity, such as during the night, the extra electricity is used to pump water back up to a storage reservoir. Then, later in the day, when electricity demand is high, the water from the storage water is also released as an extra, producing more electricity when it is needed. We need them because demand for electricity fluctuates (goes up and down) and pumped storage reservoirs allow us to meet the demand.
One was unable to find adequate supplies to meet the demand(possibly by a customer). This phrase is however used in almost all occassions, but means the same. - When one sees that the available quantity is too scarce or lower than that can meet the demand.
The point where supply and demand meet is called market equilibrium.
Currently, Iraq's power generation output averages less than 6,000 MW, while the demand is typically more than 10,000 MW.[1] For 2006, the average peak electricity supply was 4,280 MW exceeding demand averaged 8,180 MW by about 3,950 MW. According to U.S. agency officials, demand for electricity has been stimulated by a growing economy and a surge in consumer purchases of appliances and electronics. In addition, electricity is subsidized in Iraq, which leads to increased demand. If the Ministry of Electricity's master plan for 2006 to 2015 to rehabilitate and expand the national grid is implemented, the ministry estimates that Iraq will be able to meet its projected demand for electricity in 2009 [2] http://en.wikipedia.org/wiki/Electricity_in_Iraq
If a producer is unable to meet the demand for a certain product, then either there will be other producers of the same product who will meet the demand, or if not, then there will be a shortage. Prices will rise.
If a producer is unable to meet the demand for a certain product, then either there will be other producers of the same product who will meet the demand, or if not, then there will be a shortage. Prices will rise.
Demand means what is needed or wanted. If you meet that, you produce or supply as much as is needed or wanted.
The farmers are able to meet the fish demand without exhausting fish in our ecosystem.
Scarcity is the result of having too little of a product to meet the demand for it.
Overproduction or glut or excess supply or demand shortage
If a producer is unable to meet the demand for a certain product, then either there will be other producers of the same product who will meet the demand, or if not, then there will be a shortage. Prices will rise.