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What happens when the supply of a nonperishable good is greater?
c) either the good remains unsold or the price drops
What happens when the supply of a nonperishanle good is greater than the consumer wants to buy?
When the supply of a nonperishable good exceeds consumer demand, it leads to an excess inventory. This surplus can result in lower prices as sellers attempt to stimulate demand and clear out stock. If the surplus persists, producers may reduce production or increase marketing efforts to encourage sales. Ultimately, market adjustments occur to align supply with consumer preferences.
What happens when demand is greater than demand?
When demand is greater than supply a supply shortage or scarcity arises and prices increase.
What happens when supply is greater than demand?
The price declines until demand increases.
What happens to prices when demand is greater than suply?
They rise. Supply & demand.
What happens when the supply of a nonperishable good is greater?
c) either the good remains unsold or the price drops
What happens when he supply of a noperishable good is greater than the consumer wants to buy?
The price will decrease until the supply decreases or the consumer wants more of it.
Happens when the supply of a nonperishable good is greater than the consumer wants to buy?
Either the price drops until the consumers are prepared to buy more, or supplier are left holding surplus stocks until replacement purchases clear these inventories. No manufactured good is truly non-perishable, and so will eventually require replacement.
What happens when the supply of a nonperishable good is greater than the consumer want to buy?
Either the price drops until the consumers are prepared to buy more, or supplier are left holding surplus stocks until replacement purchases clear these inventories. No manufactured good is truly non-perishable, and so will eventually require replacement.
What happens when demand is greater than demand?
When demand is greater than supply a supply shortage or scarcity arises and prices increase.
A recession reduces consumer incomes What happens to Hamburger demand?
supply shifts in
How many days supply of nonperishable food must a facility have on hand at all times?
30 days
What happens when supply is greater than demand?
The price declines until demand increases.
What happens to prices when demand is greater than suply?
They rise. Supply & demand.
What happens to consumer surplus if the price is above equilibrium?
When the price is above equilibrium, there is a surplus because supply is greater than demand. The price of the good will naturally decrease back to its equilibrium price where demand and suppy interesect, thus eliminating the surplus.
How are supply schedule and supply curve related?
Supply schedule and supply curve and related in the sense that there exists an important relationship between supply and demand. The greater the supply curve, the greater the supply schedule.
What happens when the supply of a nonpeirslable good is greater than the conumer wants to buy?
The answer will depend on what you mean by nonpeirslable - a word that has no meaning in the English language.
