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Why did early civilisation develop near water supply?
Civilisation rested on a surplus supply of food, which enabled diversion from gaining daily subsistence to civilised activities. To get this surplus it needed arable well watered land.
How are sellers costs producer surplus and supply curve related?
Sellers cost, producers surplus, and the supply curve are related?
Why did early civilizations develop near a water supply?
Civilisation needs a surplus of food as a precursor. Arable land and plentiful water gives a surplus.
Occurs when supply outstrips demand?
surplus
If a product is in surplus supply its price?
h
What is a water budget and how can a water surplus and a water deficit occur?
A water budget is a specified amount of water that can be consumed by a particular region. A water surplus occurs when a region receives more water than what can be absorbed by its soil or is needed according to its demographics. A water deficit occurs when the supply of water is unable to meet the demand of a region.
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 did most early civilization develop near a water supply?
Civilisation needs a surplus of food as a precursor. Arable land and plentiful water gives a surplus.
What is a water surplus?
A water surplus is when a country has too much water to be used.
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
