answersLogoWhite

0

Excess Demand.

User Avatar

Wiki User

14y ago

What else can I help you with?

Continue Learning about Economics

A sudden lack of availability of a good?

Excess Demand


The lack of what represents scarcity?

The lack of resources, such as goods, services, or opportunities, represents scarcity. Scarcity occurs when the demand for these resources exceeds their availability, leading to competition and prioritization in their allocation. This fundamental economic concept drives decision-making for individuals, businesses, and governments as they navigate limited means to satisfy unlimited wants.


What term is defined as lack of satisfaction a person receives from using a product repeatedly?

The term that describes the lack of satisfaction a person receives from repeatedly using a product is "consumer fatigue" or "product fatigue." This phenomenon occurs when consumers become disenchanted with a product after prolonged use, leading to diminished enjoyment and interest. It can result from overexposure, a decline in perceived value, or the availability of newer alternatives.


What are the characteristics of crisis?

unexpected and sudden


What is the relationship between availability of and access to resources and the production of waste?

The availability of and access to resources directly influence waste production, as insufficient resources can lead to overconsumption and inefficient use, resulting in higher waste generation. Conversely, better access to sustainable resources and recycling options can minimize waste by promoting responsible consumption and effective waste management practices. Additionally, communities with limited access to resources often lack the infrastructure for proper waste disposal, exacerbating waste issues. Ultimately, improving resource availability and access can significantly reduce waste production through more sustainable practices.

Related Questions

A sudden lack of availability of a good?

Excess Demand


What is a sudden lack of goods?

supply shock


What is A sudden lack of goods available?

supply shock


What are the advantage and disadvantage of a partnership?

*availability of large resousces *better decisions *unlimited liability *lack of harmony *availability of large resousces *better decisions *unlimited liability *lack of harmony


What is the specific reason for muscle cramps that are caused due to the sudden physical exercise?

due to lack of oxygen


What causes sudden weight loss?

Lack of nutrition, medical conditions and medications, etc.


Sudden tissue necrosis resulting from insufficient blood supply is?

Sudden necrosis caused by lack of blood flow is called ischemia. This happens in cases of injury, and can lead to gangrene.


Why would there be a sudden drop on tourism?

War, lack of intrest, there are many factors that result in a drop in tourism.


What are the possible reasons for a sudden drop in VO2max?

Possible reasons for a sudden drop in VO2max could include illness, injury, overtraining, lack of physical activity, or changes in training intensity or duration.


What is the means for lost to room availability in hotel room inventory?

Lack of rentability because of housekeeping or maintenance problems.


What is the definition of scarcity?

Scarcity is the lack of availability of something. ie. petrol oppurtunity cost is the next best alternative


Is there a specific reason for the sudden increase in the number of bees in our garden?

The sudden increase in the number of bees in our garden may be due to the availability of abundant food sources, favorable weather conditions, or the presence of nearby bee colonies attracting more bees to the area.