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What describes the situation that occurs when the equilibrum quantity has been reached?
there is no surplus or shortage
Describes the situation that occurs when the equilibrium quantity has been reached?
There is no surplus or shortage
What describes the situation that occurs when the equilibrium quantity has been reached?
There is no surplus or shortage
What is meant by the term shortage?
The term "shortage" is used to describe a situation where there is a lack of something. For example, during a drought, the newspapers would report this as a "water shortage".
A situation that occurs when a producer cannot offer a particular good or service at the current price?
shortage
Which of the following describes a situation in which a shortage occurs?
A shortage occurs when the quantity demanded for a good or service exceeds the quantity supplied at a given price, leading to a situation where not all consumers are able to purchase the product they desire. This can result in price increases as sellers try to balance the demand and supply.
When does shortage and surplus occur?
A shortage occurs when quantity demand exceeds quantity supplied. A surplus occurs when quantity supplied exceeds quantity demanded.
Is shortage a noun?
Yes, "shortage" is a noun. It refers to a situation where there is an insufficient amount or inadequate supply of something.
What is the unavailability of a good or service in a given situation?
Shortage
What is unavailability of a good or service in a given situation?
Shortage
What is shortage advertising?
when shortage in the supply of products occurs, advertising often disappears into the background. eg. petroleum
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.
