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A surplus of a given commodity can be expected when the supply exceeds the demand at a certain price level. This typically occurs when producers increase production in response to higher prices, or when consumer demand decreases due to changes in preferences, income, or external factors. Additionally, external factors such as technological advancements or favorable weather conditions can also lead to an increase in supply, contributing to a surplus.
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What does commodity gold mean?
Gold is a commodity that can be sold and traded, just like any other commodity. Gold is considered a hard commodity because it is extracted from mining, instead of being grown.
What is LTP in commodity trading?
LTP, or Last Traded Price, in commodity trading refers to the most recent price at which a commodity was bought or sold on an exchange. It serves as a key indicator of the market value of that commodity at any given moment, reflecting the latest transaction. Traders and investors closely monitor LTP to make informed decisions regarding buying or selling commodities, as it can influence market sentiment and further price movements.
How do you define point of satiety?
Point of Satiety is defined as '' the point where marginal utility of any commodity is zero''. Thus it is a point where satisfaction of any commodity is zero.
Why is lumber considered a commodity?
A commodity is any item which can fufuill a market desire or need. Lumber is considered a commodity because it can be bought and sold to fufill a desire or need in the economy.
What is consumer surplus?
Consumer surplus can be used frequently when analyzing the impact of government intervention in any market
What does is mean when there is a budget surplus in any given year?
It means that the income exceeds the expenses in the year. It's a good thing!
What is landform of surplus farming?
Surplus farming is not a landform. A surplus is a quantity greater than required, it is possible to have a surplus from any fertile ground.
Why is surplus important?
Surplus is important because the Hopi barely had food so they stored any surplus food
When is the new CD of evanescence out?
It was expected to be released in 2010, but it wasn't. There has not been any date given as to when it will be released.
What does commodity gold mean?
Gold is a commodity that can be sold and traded, just like any other commodity. Gold is considered a hard commodity because it is extracted from mining, instead of being grown.
Are there any good commodity brokers in Indianapolis?
There are indeed several commodity brokers in that area. You can try Capitol Commodity Services Inc and visit their website at www.ccstrade.com.
How do you define point of satiety?
Point of Satiety is defined as '' the point where marginal utility of any commodity is zero''. Thus it is a point where satisfaction of any commodity is zero.
Why is lumber considered a commodity?
A commodity is any item which can fufuill a market desire or need. Lumber is considered a commodity because it can be bought and sold to fufill a desire or need in the economy.
What is consumer surplus?
Consumer surplus can be used frequently when analyzing the impact of government intervention in any market
How can diamond help a country?
Like any commodity export, diamonds can enhance local and national economies by bringing in money in exchange for the commodity.
What is the commonly given reason for Garfield's assassination?
Garfield was shot by a somewhat deranged lawyer who expected to be appointed as an ambassador but was denied any such appointed office.
What is a good sentence using the word surplus?
I believe that any surplus money the government has would be better spent on helping people on Earth.
