Want this question answered?
supply or demand <3
Demand
demand decreases and price will decrease.
demand pull theory
scarcity is a situation when demand for a good exceeds its supply even at a zero price and choice is a consequence of scarcity. choice emerges when limited resources are to be used for satisfaction of unlimited wants.
supply or demand <3
Demand
When supply exceeds demand
demand decreases and price will decrease.
In organizations, soft budget constraints are used to describe shortages of certain items. It is used to describe that there is an overwhelming demand for a certain product and the demand exceeds the amount of the product being made or manufactured.
When supply is greater than demand
demand pull theory
When demand exceeds supply, prices will usually increase. However, prices may not increase if the sellers are non-profit organizations.
scarcity is a situation when demand for a good exceeds its supply even at a zero price and choice is a consequence of scarcity. choice emerges when limited resources are to be used for satisfaction of unlimited wants.
Yes
demand-pull theory (by Solomon Zelman)
prices decrease