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What factors contribute to the presence of excess supply and excess demand in the market?
Excess supply in a market occurs when the quantity of a good or service supplied exceeds the quantity demanded at a given price. This can happen due to factors such as overproduction, changes in consumer preferences, or a decrease in demand. On the other hand, excess demand occurs when the quantity demanded exceeds the quantity supplied at a given price, which can be caused by factors such as shortages, sudden increases in demand, or price ceilings.
What happens to the price when the quantity supplied is greater than the quantity demanded?
When quantity supplied is more than quantity demanded price falls, upto the point at which some suppliers decide they would rather not sell the product at that low price. If the supply quantity is still more (after the above mentioned supplies have been taken out of the market) than quantity demanded, then price continues to fall upto the level where he next supplier takes supplies out of the market. Also to be noted is that, when price falls, demand increases. This continues to happen until, the quantity supplied equals demand. This method generally works for most commodities, because the suppliers could store the commodity for future use. Also the general assumption is at a price of $ 0, the demand is infinite. But depending of the commodity there could be other effects, especially price floors due to substitute uses for the commodity etc.
What will happen to the equilibrium price and quantity of a normal good if the demand for the good increases and supply constant?
the equilibrium price rises and the quantity increases
What happen to most goods and services when there is an increase in price?
When there is an increase in price, there is a decrease in the quantity demanded.
According to the Law of Supply what would happen to the amount of gallons supplied if the price of gas went up?
some 1 ansure the dang question!
When does Transactional selling happen?
Transactional selling tends to happen when sales representatives are first calling on buyers or when buyers intentionally avoid developing a relationship
What happen when quantity supplied exceeds quantity demanded?
Graphically, the Y axis is price and the X axis is quantity. The demand curve slopes downward, while the supply curve slopes upward. When quantity demanded exceeds quantity supplied the market is out of equilibrium. As a result, the price of goods increases, thereby decreasing the quantity demanded. This is characterized as a move up along the demand curve and not a shift. Changes in endogenous variables, ie price and quantity, are just movements along the curve.
What factors contribute to the presence of excess supply and excess demand in the market?
Excess supply in a market occurs when the quantity of a good or service supplied exceeds the quantity demanded at a given price. This can happen due to factors such as overproduction, changes in consumer preferences, or a decrease in demand. On the other hand, excess demand occurs when the quantity demanded exceeds the quantity supplied at a given price, which can be caused by factors such as shortages, sudden increases in demand, or price ceilings.
What happens to the price when the quantity supplied is greater than the quantity demanded?
When quantity supplied is more than quantity demanded price falls, upto the point at which some suppliers decide they would rather not sell the product at that low price. If the supply quantity is still more (after the above mentioned supplies have been taken out of the market) than quantity demanded, then price continues to fall upto the level where he next supplier takes supplies out of the market. Also to be noted is that, when price falls, demand increases. This continues to happen until, the quantity supplied equals demand. This method generally works for most commodities, because the suppliers could store the commodity for future use. Also the general assumption is at a price of $ 0, the demand is infinite. But depending of the commodity there could be other effects, especially price floors due to substitute uses for the commodity etc.
What will happen when heat is supplied to ice?
it melts
What would happen if fort Sumter was not supplied?
union would have lost
What will happen when you increase the temperature?
The pressure or volume of a quantity must increase.
What two things happen because of data supplied by a thermosat?
well if you are clever you already know this
What will happen to the equilibrium price and quantity of a normal good if the demand for the good increases and supply constant?
the equilibrium price rises and the quantity increases
What happens if restriction on quantity supply exists?
There are many different ways to go with this question but two main things could happen. 1. It will create a shortage, increasing demand and that will increase the price of whatever is being supplied. 2. A substitution will be created to meet the demand left by the other product. OR both will happen, a substitution will be made to meet the demand by people not able to afford the original.
What would happen if a ventral root were impaired?
The motor function supplied by those nerve would be impared.
What will happen to the depletion region when the P-N junction is supplied by forward bias?
depletion region will decrease.
