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When the demand does not meet supply what is that called?
Overproduction or glut or excess supply or demand shortage
When does excess demand occur in the equilibrium price?
Excess demand occurs when demand outweighs supply. This means there is a shortage of a good.
Condition which the quantity demanded is greater than the quantity supplied?
Shortage of supply, or Excess/surplus of demand
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.
What happens when supply is greater than demand?
The price declines until demand increases.
When the demand does not meet supply what is that called?
Overproduction or glut or excess supply or demand shortage
When does excess demand occur in the equilibrium price?
Excess demand occurs when demand outweighs supply. This means there is a shortage of a good.
Condition which the quantity demanded is greater than the quantity supplied?
Shortage of supply, or Excess/surplus of demand
How can a water shortage be caused by changes in either supply or demand?
b i t c h
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.
What happens when supply is greater than demand?
The price declines until demand increases.
What happens when there is too much demand for available goods and services?
When there is too much demand for available goods/services, there is a shortage. To meet this excess demand, firms increase production (at higher costs) until demand = supply. Thus, a shortage generally implies price is too low.
When the supply is less than demand there is a?
If the supply is less than the demand, there will be a shortage and price increase.
When the supply is less than demand there is a what?
If the supply is less than the demand, there will be a shortage and price increase.
How is chocolate shortage by 2020 connect with supply and demand?
There is no definitive evidence that there will be such a shortage
How Excess demand and excess supply eliminated by market forces?
Excess demand is easily eliminated by market forces. If either the price or the supply goes up, demand will decrease exponentially.
What happens when demand is greater than demand?
When demand is greater than supply a supply shortage or scarcity arises and prices increase.
