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When a producer is unable to meet the demand of a certain product what occurs?
asswhole
When a producer is unable to meet the demand of a certain product occurs?
asswhole
If supply exceeds demand for a product what economic explation occurs?
demand decreases and price will decrease.
If supply exceeds demand for a product what economic explanation occurs?
prices decrease
Can you provide an example of a situation where excess demand occurs?
An example of a situation where excess demand occurs is during the release of a highly anticipated product, such as a new iPhone model. The demand for the product exceeds the supply available, leading to shortages and long waiting times for customers.
When a producer is unable to meet the demand of a certain product what occurs?
asswhole
When a producer is unable to meet the demand of a certain product occurs?
asswhole
When a producer is unable to meet the demand of a certain product, which of the following occurs?
scarcity
If supply exceeds demand for a product what economic explation occurs?
demand decreases and price will decrease.
If supply exceeds demand for a product what economic explanation occurs?
prices decrease
Can you provide an example of a situation where excess demand occurs?
An example of a situation where excess demand occurs is during the release of a highly anticipated product, such as a new iPhone model. The demand for the product exceeds the supply available, leading to shortages and long waiting times for customers.
What is the between derived demand and joint demand?
Derived demand occurs when there is a change of customers' demand on particular product and produces have to buy new production equipment, which means that the change in consumer demand for a product affects demand for all firms involved in the production of that product. Joint demand has nothing to do with changing the production equipments. In this case, demand of the product depends on demand of its compliment. For example, demand on inc depends on demand on printers.
How Market is made up off in Economics?
Market is made up of consumers where the element of product/service demand occurs. When the demand is generated suppliers have to fulfill the demand of the customers through the supply of product/service. In short demand and supply makes the market.
What happens when excess demand occurs in an unregulated market?
Excess demand in an unregulated market will cause the price of a product to fall. True or False?
What is the different between shortage and surplus?
A shortage is when there is a LACK (not enough) of that particular resource/product/item. A surplus is when there is EXCESS, or too much of a resource/product/item.
What occurs when supply and demand are equal?
This would be having exactly enough, but not too much of the product in demand. So basically you would be maximizing profit!
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.
