0
What else can I help you with?
In competitive markets a surplus or shortage will?
a Decrease in quolity and demand of the other
Two possible outcomes of disequilibrium Economic?
Market disequilibrium is market conditions yielding surplus or shortage: a market state in which the forces of demand and supply are not balanced, leading to price fluctuations that reflect a shortage or a surplus of a product or commodity.
What is an antonym for shortage?
An antonym for "shortage" is "surplus." While a shortage refers to a lack or insufficiency of something, a surplus indicates an excess or abundance. In economic terms, a surplus occurs when the supply of a good or resource exceeds the demand for it.
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 describes the situation that occurs when the equilibrum quantity has been reached?
there is no surplus or shortage
In competitive markets a surplus or shortage will?
a Decrease in quolity and demand of the other
Two possible outcomes of disequilibrium Economic?
Market disequilibrium is market conditions yielding surplus or shortage: a market state in which the forces of demand and supply are not balanced, leading to price fluctuations that reflect a shortage or a surplus of a product or commodity.
What is an antonym for shortage?
An antonym for "shortage" is "surplus." While a shortage refers to a lack or insufficiency of something, a surplus indicates an excess or abundance. In economic terms, a surplus occurs when the supply of a good or resource exceeds the demand for it.
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 describes the situation that occurs when the equilibrum quantity has been reached?
there is no surplus or shortage
What is the opposite of surplus?
The opposite of surplus (excess) is Deficit or Shortage.
How does a surplus or a shortage of a good or service affect the market price?
A surplus or a shortage of a good or service affects the market price directly. When there is a surplus, the prices goes down and when there is a shortage the price increases due to the demand levels.
When does shortage and surplus occur?
A shortage occurs when quantity demand exceeds quantity supplied. A surplus occurs when quantity supplied exceeds quantity demanded.
What are the effects of purchasing power due DISCOUNT?
When there is a lot of purchasing power due to discounts, a shortage will happen if the product is highly demanded. If customers don't want the product, then there could be a surplus.
Suppose the price of corn is 3.25 per bushel. is there a shortage or surplus of corn at that price?
there is a surplus
What is the difference between a surplus and a deficit?
A surplus is more than needed, a deficit is a shortage or loss
What are the effects that price ceiling can have on a product?
a price ceiling results in a shortage because quantity demanded exceeds quantity supplied. it can increase consumer surplus but producer surplus decreases by more causing a deadweight loss in the market.
