The number of goods that must be supplied to achieve equilibrium depends on the specific market dynamics and the intersection of supply and demand curves. Equilibrium is reached when the quantity supplied equals the quantity demanded at a particular price. Therefore, the exact quantity of goods required varies by market conditions, consumer preferences, and production capabilities. Analyzing these factors will provide insight into the equilibrium quantity for a given market.
False
In a socialist economy, the question of how many goods will be produced and supplied is not made by business. This decision is made by the government in this type of economy.
Planned (command, centrally planned, or controlled) economy
Planned (command, centrally planned, or controlled) economy
If Qd is higher than Qs, there is a shortage of the good because the price is too low. This happens many times when the government institutes a price ceiling (maximum) that is below the market equilibrium.
False
In a socialist economy, the question of how many goods will be produced and supplied is not made by business. This decision is made by the government in this type of economy.
In a socialist economy, the question of how many goods will be produced and supplied is not made by business. This decision is made by the government in this type of economy.
Planned (command, centrally planned, or controlled) economy
North Africa was the breadbasket of the empire. Egypt supplied half of the grain imported by the city of Rome. Tunisia was the second most important grain producing area of the Empire. Egypt also supplied papyrus, ivory and granite. From the interior, many animals were supplied for the arenas also.
Planned (command, centrally planned, or controlled) economy
2 syllables.
If Qd is higher than Qs, there is a shortage of the good because the price is too low. This happens many times when the government institutes a price ceiling (maximum) that is below the market equilibrium.
Ten aqueducts supplied the city of Rome.
If Qd is higher than Qs, there is a shortage of the good because the price is too low. This happens many times when the government institutes a price ceiling (maximum) that is below the market equilibrium.
as much as you can
there are two types of equilibrium are: 1. static (at rest position) 2. dynamic (in uniform motion)