0
surplus
Wiki User
∙ 11y ago
Add your answer:
Earn +20 pts
Why is demand for a home heating fuel inelastic in cold weather?
Demand outstrips supply.
Why does the supply curve increase or decrease?
The supply and demand curve follows four basic laws :If demand increases (demand curve shifts to the right) and supply remains unchanged, a shortage occurs, leading to a higher equilibrium price.If demand decreases (demand curve shifts to the left) and supply remains unchanged, a surplus occurs, leading to a lower equilibrium price.If demand remains unchanged and supply increases (supply curve shifts to the right), a surplus occurs, leading to a lower equilibrium price.If demand remains unchanged and supply decreases (supply curve shifts to the left), a shortage occurs, leading to a higher equilibrium price.
If supply exceeds demand for a product what economic explation occurs?
demand decreases and price will decrease.
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.
Where do equilibrium occurs in economic?
Where the demand curve and supply curve intersect.
Why is demand for home heating fuel inelastic in cold?
Demand outstrips supply.
Why is demand for home heating fuel in cold weather?
Demand outstrips supply.
Why is demand for a home heating fuel inelastic in cold weather?
Demand outstrips supply.
Why is demand for home heating fuel inelastic in very cold weather?
Demand outstrips supply
Why does the supply curve increase or decrease?
The supply and demand curve follows four basic laws :If demand increases (demand curve shifts to the right) and supply remains unchanged, a shortage occurs, leading to a higher equilibrium price.If demand decreases (demand curve shifts to the left) and supply remains unchanged, a surplus occurs, leading to a lower equilibrium price.If demand remains unchanged and supply increases (supply curve shifts to the right), a surplus occurs, leading to a lower equilibrium price.If demand remains unchanged and supply decreases (supply curve shifts to the left), a shortage occurs, leading to a higher equilibrium price.
If supply exceeds demand for a product what economic explation occurs?
demand decreases and price will decrease.
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.
Where do equilibrium occurs in economic?
Where the demand curve and supply curve intersect.
Which theory says that inflation occurs when the demand for goods exceeds the existing supply?
demand pull theory
How is today's gold prices increase or decrease?
as with any product, prices will fluctuate with demand and supply. if the demand increases or supply is reduced, prices will rise. if demand falls or there surplus supply, the opposite also occurs.
Is this a change in the supply or demand of swimsuits why is it an increase or decrease what will happen to the price of swimsuit why is this a rip off?
A change in the supply and demand of swimsuits often occurs.
When the government prevents prices from adjusting naturally to supply and demand?
Government regulation occurs when the government prevents prices from adjusting naturally to supply and demand.
