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Demand occurs when consumers have the desire and ability to purchase a good or service at a given price. It reflects not only the willingness of consumers to buy but also their financial capacity to do so. Factors influencing demand include price, consumer preferences, income levels, and the availability of substitutes. When these conditions are met, demand manifests in the market.
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When does excess demand occur in the equilibrium price?
Excess demand occurs when demand outweighs supply. This means there is a shortage of a good.
When does market equilibrium occur?
When demand equals supply.
What happens to the equilibrium when supply rises and demand stays the same?
Shortage will occur.
In a competitive market the equilibrium price and quantity occur where?
When demand curve intersects the supply curve.
When does a shortage occur?
A water shortage occurs when there is to little water or too great a demand in an area- or both.
When does excess demand occur in the equilibrium price?
Excess demand occurs when demand outweighs supply. This means there is a shortage of a good.
When does market equilibrium occur?
When demand equals supply.
Why did inflation occur after the war?
a low supply of goods and widespread demand
Why did inflation occur after ww1?
A low supply of goos and a widespread demand
What is indirect demand?
Indirect demand refers to the demand for goods or services that arises from the demand for another good or service. This can occur when one product is necessary for using another product, causing a ripple effect in the demand chain. For example, the demand for automobile tires is indirectly driven by the demand for automobiles.
What happens to the equilibrium when supply rises and demand stays the same?
Shortage will occur.
In a competitive market the equilibrium price and quantity occur where?
When demand curve intersects the supply curve.
What online services can be used for Demand Planning?
Demand Planning can be used for the development of a forecast that reflects known constraints and any possible associated impacts that may occur as a result.
When does a shortage occur?
A water shortage occurs when there is to little water or too great a demand in an area- or both.
When a shortage occur?
A water shortage occurs when there is to little water or too great a demand in an area- or both.
Could demand-pull inflation occur before an economy was producing at capacity and how?
Yes, demand-pull inflation can occur before an economy reaches full capacity if there is a sudden increase in aggregate demand that outpaces supply. This can happen due to factors such as increased consumer spending, government stimulus, or investment booms. Even if there is slack in the economy, the heightened demand can push prices upward as businesses respond to the increased demand by raising prices, anticipating future shortages. Thus, demand-pull inflation can emerge even when there are unused resources available.
What happens when demand rises by more than supply falls?
If demand rises, the demand curve will shift to the right. A fall in supply will mean that the curve moves leftwards. The result is higher prices at a lower quantity. Excess demand may occur
