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What happens when he supply of a noperishable good is greater than the consumer wants to buy?
Wiki User
∙ 13y ago
The price will decrease until the supply decreases or the consumer wants more of it.
Wiki User
∙ 13y ago
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What is it called when supply is greater than demand?
Depression
When quantity supplied is greater than quantity demanded there is?
Excess supply.
When the demand for water is greater than the supply the surrounding area experiences?
The area will suffer from a drought.
when the supply is less than demanded there is a?
If the supply is less than the demand, there will be a shortage and price increase.
The most important influence on supply is?
The answer choices for this question weren't provided. But the most important influence on supply is demand. Supply and demand is an economic model of price determination in a market.
What happens when demand is greater than demand?
When demand is greater than supply a supply shortage or scarcity arises and prices increase.
A recession reduces consumer incomes What happens to Hamburger demand?
supply shifts in
What happens when supply is greater than demand?
The price declines until demand increases.
What happens to prices when demand is greater than suply?
They rise. Supply & demand.
If the number of producers increase what would happen to the consumers?
there will be an increase in total and market supply, therefore allowing a greater choice to the consumer; that is - you will a greater range of products to choose from! :)
What happens to consumer surplus if the price is above equilibrium?
When the price is above equilibrium, there is a surplus because supply is greater than demand. The price of the good will naturally decrease back to its equilibrium price where demand and suppy interesect, thus eliminating the surplus.
What happens when the supply of a nonperishable good is greater?
c) either the good remains unsold or the price drops
How are supply schedule and supply curve related?
Supply schedule and supply curve and related in the sense that there exists an important relationship between supply and demand. The greater the supply curve, the greater the supply schedule.
What happens when the supply of a nonpeirslable good is greater than the conumer wants to buy?
The answer will depend on what you mean by nonpeirslable - a word that has no meaning in the English language.
What happens to prices when the supply is greater than demand?
The price often come down as suppliers try to shift slow selling stock.
What does supply chaining mean?
Supply chain means, a chain of supply frow raw material to final product or to consumer. For example: Hides -> tanning -> cutting -> manufacturing -> leather bags -> consumer.
When according to the law of supply and demand when supply increases what else happens?
According to the law of supply and demand when supply increases, prices will decrease.
