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What occurs when supply and demand requirements have been satisfied without creating shortages or surplus?
Wiki User
∙ 6y ago
general equilibrium
mirandfam
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What can cause shortages or surpluses of goods and services?
over production can lead to a surplus of goods and/or services, and shortages can occur when demand for a product exceeds the productions of said product
What happens When the government intervenes in the market by imposing price ceilings and price floors?
Shortages, Surplus and Unintended consequences.
What does excess and surplus lines refer to?
This is the license class that enables an insurance agent and/or agency to place large and/or hard-to-place insurance risks with non-admitted insurance carriers, also known as surplus lines or excess lines carriers. This class of insurance has very stringent filing and reporting requirements in many states including requiring zero reporting by the surplus lines broker.
Does China have a trade surplus or a trade deficit?
surplus Quantify the surplus amount as in March 2011
What causes surplus and shortages?
A change in price causes both Surplus and Shortages. Surplus means in excess (having too much). For example, if a store which sold an item for 10 dollars decided to change the price to 12 dollars, most people would not want to buy that item at the new price (especially if they're used to the old price). The store would end up having too much (Surplus) of that item because nobody is buying it due to the increase in price from 10 dollars to 12 dollars. As for shortage, if the same store which sold an item for 10 dollars decided to sell that item for 8 dollars instead (it went on sale) then more people would buy the that item at a faster rate. So much faster that the store would not be able to order more in time to satisfy every customer. Resulting in a shortage (not having enough).
What can cause shortages or surpluses of goods and services?
over production can lead to a surplus of goods and/or services, and shortages can occur when demand for a product exceeds the productions of said product
How is surplus and specializtion linked?
If many people have a specialization in one area more of that would be made therefore creating a surplus
What is surplus farming?
an amount left over when requirements have been met
What is c-1 surplus requirements?
determine an insurers internal rate of return
What happens When the government intervenes in the market by imposing price ceilings and price floors?
Shortages, Surplus and Unintended consequences.
What word means Surplus to requirements?
This is a phrase for something that you do not need at this time.
How did sumer meet the three criteria of a civilizations?
Surplus of food, Work share, and creating colonies.
How did the Europeans benefit the amerindians?
It gave them a great new source of resources, wealth, and land to send off their surplus population to.
Why are some micronutrients known as limiting factors?
Because either a shortage or a surplus of them can stunt optimum growth, creating a dwarfed organism.
What is the acronym of surplus?
surplus
What does excess and surplus lines refer to?
This is the license class that enables an insurance agent and/or agency to place large and/or hard-to-place insurance risks with non-admitted insurance carriers, also known as surplus lines or excess lines carriers. This class of insurance has very stringent filing and reporting requirements in many states including requiring zero reporting by the surplus lines broker.
Does China have a trade surplus or a trade deficit?
surplus Quantify the surplus amount as in March 2011
