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What describes the situation that occurs when the equilibrium quantity has been reached?
There is no surplus or shortage
When is the profit-maximizing quantity of output reached?
To maximise profits, the quantity of output reached (supply) must be lesser than the demand, increasing the value and consequently the price of a certain good or service.
When is a market in equilibrium?
In elementary economics equilibrium is the intersection between the supply and demand curves. When quantity supplied is said to equal quantity demanded the market has then reached equilibrium.
What are the advantages of fixed order quantity system?
Using a fixed order quantity system eliminates the need for continually doing inventory and manual order entry. These systems are designed to keep track of stock and alert the person in charge when it has reached a minimum level so that an order can be placed based on a preset quantity.
How many goods must be supplied to achieve equilibrium?
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.
Describes the situation that occurs when the equilibrium quantity has been reached?
There is no surplus or shortage
What describes the situation that occurs when the equilibrium quantity has been reached?
There is no surplus or shortage
What describes a conclusion reached from observations?
Conjecture
When is the profit-maximizing quantity of output reached?
To maximise profits, the quantity of output reached (supply) must be lesser than the demand, increasing the value and consequently the price of a certain good or service.
What describes a conclusion reached through observation?
A conjecture
Which word describes a society that has reached a high level of complexity?
Clan
When is a market in equilibrium?
In elementary economics equilibrium is the intersection between the supply and demand curves. When quantity supplied is said to equal quantity demanded the market has then reached equilibrium.
Things have come to such a pass?
This situation has reached a critical point or state of urgency.
How can one tell if a reaction has reached equilibrum?
A reaction has reached equilibrium when the concentrations of the reactants and products remain constant over time, indicating that the rates of the forward and reverse reactions are equal. Additionally, changes in temperature, pressure, or concentration will not affect the ratio of products to reactants at equilibrium. Observing no further changes in observable properties, such as color or concentration, can also indicate that equilibrium has been achieved.
What is the difference between a qualittative observation and a quantitave observation?
Qualitative is like quality: The ball bounced.Quantitative is like quantity: The ball reached 76.5 feet.
What are the advantages of fixed order quantity system?
Using a fixed order quantity system eliminates the need for continually doing inventory and manual order entry. These systems are designed to keep track of stock and alert the person in charge when it has reached a minimum level so that an order can be placed based on a preset quantity.
Bull Market?
This term describes a situation in which the value of stocks is rising quickly. This occurred in 1929 when the New York Stock Exchange had reached an all-time high, with stocks selling for more than 16 times their actual worth. Unfortunately, at this time, it was not a true rising market and it eventually crashed.
