Formula to Find the Equity
The formula "length x width x height" is a general formula to find VOLUME?
The formula is 2pie(radius).
It is often possible to find an explicit formula that gives the same answer as a given recursive formula - and vice versa. I don't think you can always find an explicit formula that gives the same answer.
the cone base formula
excess supply in the market for bananas
We had an excess supply of bread.
Increase the price
Excess demand (a seller's market) means the product is in short supply and prices will rise. Excess supply (buyer's market) means too much product as compared to demand and therefore prices will fall.
Excess demand is easily eliminated by market forces. If either the price or the supply goes up, demand will decrease exponentially.
Excess supply occurs when, at a given time, the equilibrium price of the market is less than the price that the goods are supplied at.
Price is one way to eliminate excess demand and excess supply. Once prices start to rise, the amount of people purchasing or needing certain products go down.
the government will buy those excess goods.
YES
When the demand for a good or service exceeds the available supply, it is called a shortage. Shortages occur when there is an imbalance between the quantity demanded by consumers and the quantity supplied by producers at a given price. This imbalance can lead to higher prices, long wait times, and potential rationing of the limited supply.
This definition reflects the idea that unemployment is an excess supply of labor. This is illustrated by Figure four.Figure 4 -- Unemployment as Excess SupplyFigure 4 shows the supply and demand for labor in one particular industry. When there is a high level of unemployment in the economy, most industries would have excess supplies as shown here. This is the excess supply interpretation of unemployment.The economic effect of excess labour supply1. Higher wages: In a developed areas, a rightward shift in the supply of labour will cause a reduction in the economic profit of the firm and will result in rightward shift in the average rate per goods.
The price goes down because of supply and demand.