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Point where demand and supply meet?
The point where supply and demand meet is called market equilibrium.
When the demand does not meet supply what is that called?
Overproduction or glut or excess supply or demand shortage
When supply of a product is not enough to meet demand?
scarity
Can supply create its own demand?
Yes demand can create its own supply, the Keynesian economist view believed this. Markets will always try to meet demands because they want to gain the most they can from it therefore will create a supply to match demand.
What will happen to the prices in the market if the supply and demand meet at the equilibrium?
Transaction happens when supply and demand meet. Both sides (a seller and a buyer) meet their needs: a seller gets money for its products (now he can manufacture next products) and a buyer gets product he needed.
Point where demand and supply meet?
The point where supply and demand meet is called market equilibrium.
When the demand does not meet supply what is that called?
Overproduction or glut or excess supply or demand shortage
What is the meaning of to meet demand?
Demand means what is needed or wanted. If you meet that, you produce or supply as much as is needed or wanted.
When supply of a product is not enough to meet demand?
scarity
What economic problems did the colony of Massachusetts bay deal with?
Supply & demand.
Can supply create its own demand?
Yes demand can create its own supply, the Keynesian economist view believed this. Markets will always try to meet demands because they want to gain the most they can from it therefore will create a supply to match demand.
What is different between supply and demand?
Demand is the pressure that we put on the environment is order to meet our needs and wants but Supply is the resources that are taken from the environment.
What will happen to the prices in the market if the supply and demand meet at the equilibrium?
Transaction happens when supply and demand meet. Both sides (a seller and a buyer) meet their needs: a seller gets money for its products (now he can manufacture next products) and a buyer gets product he needed.
How do you solve when demand exceeds supply?
Make or stock more but sell higher until supply meets demand, usually selling at a fair market price will cause higher volumes of sales because more can afford it. Conversely, too much supply will cause you to sell for less until demand meets supply !
What happens when demand meets supply?
Transaction happens when supply and demand meet. Both sides (a seller and a buyer) meet their needs: a seller gets money for its products (now he can manufacture next products) and a buyer gets product he needed.
Why do the prices of fresh vegetables fall when they are in season and draw supply and demand diagrams to illustrate?
It is supposed to be the optimal meeting of demand and supply. There is a high demand for fresh vegetables, which are flavorful and healthy. There is an equally high supply. Buyer and producer each meet their needs. Prices go up if supply is low, demand high. Prices go further down if supply is high, demand low.
Which point on the graph represents the equilibrium price?
Supply and demand graphs meet at the equilibrium price.
