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No. Equilibrium is when supply and demand are equal
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If the price is less than the equilibrium price what is the relatiionship of quantity supplied to quantity demanded?
If the price is low, suppliers may well not wish to supply the full quantity that is demanded by consumers.The quantity demanded and quantity supplied determines the equilibrium price in the market. The quantity where these two are equal, that is where the market price is set.
If quantity demanded is greater than quantity supplied?
it is called a shortage
When the quantity demanded is greater than the quantity supplied what is it?
could be shortage
When quantity demanded is greater than quantity supplied the price will?
the price increase
Condition which the quantity demanded is greater than the quantity supplied?
Shortage of supply, or Excess/surplus of demand
When equilibrium demanded is greater than quantity the market prices will what?
rise
When quantity supplied is greater than quantity demanded there is?
Excess supply.
If quantity demanded is greater than quantity supplied?
it is called a shortage
What is it when the quantity supplied is greater than the quantity demanded?
could be shortage
When the quantity demanded is greater than the quantity supplied what is it?
could be shortage
If the price is less than the equilibrium price what is the relatiionship of quantity supplied to quantity demanded?
If the price is low, suppliers may well not wish to supply the full quantity that is demanded by consumers.The quantity demanded and quantity supplied determines the equilibrium price in the market. The quantity where these two are equal, that is where the market price is set.
When quantity demanded is greater than quantity supplied the price will?
the price increase
Condition which the quantity demanded is greater than the quantity supplied?
Shortage of supply, or Excess/surplus of demand
Why is a price ceiling a distortion of the price mechanism?
price ceiling makes a bar on the equilibrium prices. it compels the suppliers to charge the ceiling price from the consumers. it is generally lower than the equilibrium price. at this price quantity supplied is less than the quantity demanded and the market is not in equilibrium.
What happens to the equilibrium price and quantity when demand rises less than supply rises?
When price and quantity demanded rises less than supply rises then shortage of goods create.
When quantity supplied is more than quantity demanded its called?
A quantity supplied is more than quantity demanded its called A Surplus.
When the percent change in price is greater than the percent change in quantity demanded demand is said to?
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