0
Want this question answered?
Be notified when an answer is posted
Add your answer:
Earn +20 pts
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 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 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 a shortage occur?
A water shortage occurs when there is to little water or too great a demand in an area- or both.
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
Did the professions of bookkeeping and accounting both see increased demand for women?
With the separation of bookkeeping from accounting, the demand for women bookkeepers dramatically increased, and by 1930, over 60 percent of all bookkeepers were women. A similar increase in the demand for women accountants, however, did not occur.
How to use the concept of price elasticity of demand to maximize revenue?
Price elasticity of demand is a way to determine marginal revenue. Optimal revenue and, more importantly, optimal profit will occur to the point when marginal revenue = marginal cost, or the price elasticity of demand < 1.
