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Which represents a shortage in the market Quantity supplied is greater than quantity demanded. Market price is less than equilibrium price. Quantity supplied equals quantity demanded. M?
A shortage in the market occurs when the quantity demanded exceeds the quantity supplied. This typically happens when the market price is set below the equilibrium price, leading to increased demand and insufficient supply to meet that demand. Therefore, the correct representation of a shortage is that the market price is less than the equilibrium price, resulting in a situation where quantity demanded is greater than quantity supplied.
When the quantity demanded is greater than the quantity supplied what is it?
could be shortage
If quantity demanded is greater than quantity supplied?
it is called a 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
When equilibrium demanded is greater than quantity the market prices will what?
rise
Which represents a shortage in the market Quantity supplied is greater than quantity demanded. Market price is less than equilibrium price. Quantity supplied equals quantity demanded. M?
A shortage in the market occurs when the quantity demanded exceeds the quantity supplied. This typically happens when the market price is set below the equilibrium price, leading to increased demand and insufficient supply to meet that demand. Therefore, the correct representation of a shortage is that the market price is less than the equilibrium price, resulting in a situation where quantity demanded is greater than quantity supplied.
When the quantity demanded is greater than the quantity supplied what is it?
could be shortage
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 quantity supplied is greater than quantity demanded there is?
Excess supply.
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
How does the relationship between quantity supplied and price impact market equilibrium?
The relationship between quantity supplied and price impacts market equilibrium by influencing the point where supply and demand intersect. When the quantity supplied is higher than the quantity demanded, prices tend to decrease to reach equilibrium. Conversely, when the quantity supplied is lower than the quantity demanded, prices tend to increase to reach equilibrium. This dynamic process helps ensure that supply and demand are balanced in the market.
How can one identify excess demand on a graph?
Excess demand on a graph can be identified where the quantity demanded is greater than the quantity supplied, resulting in a shortage. This is shown by a point above the equilibrium price on the supply and demand graph.
Condition which the quantity demanded is greater than the quantity supplied?
Shortage of supply, or Excess/surplus of demand
What market condition exists when quantity supplied is greater than the quantity demanded?
When the quantity supplied exceeds the quantity demanded, the market is experiencing a surplus. This condition typically leads to downward pressure on prices, as sellers may need to lower prices to encourage consumers to buy the excess goods. Over time, this adjustment helps re-establish equilibrium between supply and demand.
