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more food allows thepopulation to grow.
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How are sellers costs producer surplus and supply curve related?
Sellers cost, producers surplus, and the supply curve are related?
Occurs when supply outstrips demand?
surplus
If a product is in surplus supply its price?
h
If there is a decrease in supply what will happen to the total surplus?
If supply decreases the prices will go up and quantity will go down and surely total surplus will be reduced.
How consumers surplus is converted into producer surplus and vice versa in different market structure?
Once the supply is decreased, consumer surplus will decrease. Producer surplus will decrease as well because neither is at the equillibrium. There will be a surplus leftover after the price increases. Once the supply is decreased, consumer surplus will decrease. Producer surplus will decrease as well because neither is at the equillibrium. There will be a surplus leftover after the price increases.
Why might a surplus food supply contribute to the development of cities?
more food allows thepopulation to grow.
Did irrigation decrease the amount of food in Mesopotamia?
No, irrigation did not decrease the amount of food in Mesopotamia; in fact, it had the opposite effect. The development of irrigation systems in Mesopotamia allowed for more efficient and reliable water supply to crops, which led to increased agricultural productivity and surplus food production. This surplus food supported the growth of cities and civilizations in the region.
How are sellers costs producer surplus and supply curve related?
Sellers cost, producers surplus, and the supply curve are related?
Occurs when supply outstrips demand?
surplus
If a product is in surplus supply its price?
h
If there is a decrease in supply what will happen to the total surplus?
If supply decreases the prices will go up and quantity will go down and surely total surplus will be reduced.
How consumers surplus is converted into producer surplus and vice versa in different market structure?
Once the supply is decreased, consumer surplus will decrease. Producer surplus will decrease as well because neither is at the equillibrium. There will be a surplus leftover after the price increases. Once the supply is decreased, consumer surplus will decrease. Producer surplus will decrease as well because neither is at the equillibrium. There will be a surplus leftover after the price increases.
What provided a ready supply of labor for industry?
The Industrial Revolution and urbanization led to a surplus of people moving from rural areas to cities in search of work. This influx of population provided a ready supply of labor for the growing industrial sector.
What is surplus production?
Surplus production occurs when too much of a good is produced. Supply then outweighs the demand.
What is one effect of a price floor?
A surplus of supply
If the product is in surplus supply. it's price is?
less
What is another word for steady supply of food?
Surplus?
