answersLogoWhite

0

An example: Consumer demand for a certain car is below the number of cars that are produced. There is an unsold surplus of the vehicles.

User Avatar

Wiki User

7y ago

What else can I help you with?

Trending Questions
What are the various ways in which firms can be financially distressed? What is the definition of economics by paul samuelson? When economists use the term laissez-faire what economic idea are they referring to? State 3 benefits to the society of business activity? What are market structures that are characterized by at least some competition between producers? How Resources allocated in economy? What are the advantages and disadvantages of unsettled farming? What major economic events happened between the years 1997-1998? Factors that cause a producer's average cost per unit to fall as output rises? What insights can be gained from analyzing the social cost graph of a particular industry or product? What period was of low economic activity and rising unemployment? A lumber yard has fixed cost of 3724.50 a day and a variable costs of 1.00 per board-foot produced The company get 2.30 per borad-foot sold How many board-feet must be produced daily to break eve? What is the point of a player auction? What price elasticity of demand values or range of values do you see most frequently in the real world? How does value-based bidding work in online advertising auctions? What would 2 shares of apple stock bought 1983 be worth today? What are the two specific resources create scarcity? Dollar paid in the future is less valuable than a dollar paid today? Ask us of the following best explains the difference between fiat money and commodity money? Is walmart considered in the monopolistic competition?