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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.
When quantity supplied is greater than quantity demanded there is?
Excess supply.
What are the greater than and less than symbols called?
The "is greater than" and "is less than" symbols are the relations of an equality. this is the greater than symbol > this is the less than symbol <
What crossed out numbers are greater than one called?
What are the crossed-out numbers greater then 1 called
What happens when demand is greater than demand?
When demand is greater than supply a supply shortage or scarcity arises and prices increase.
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.
What will interest rates do if the demand for money in the money market exceeds the supply?
If the demand for money is greater than the supply, interest rates will go up.Whenever the demand for anything is greater than the available supply, the price goes up.
Which of the following explains why scarcity is a basic fact of life?
demand will always be greater than supply
What is the supply and demand law?
The law of supply and demand states that when the demand for an item or service is greater than the supply of that item or service, the price goes up, but when the supply of an item or service is greater than the demand for that item or service, the price for that item or service goes down. That is why scalpers can sell tickets to the World Series for more than the original price, since there are more people who want to attend (demand)than there are tickets (supply).
What is law is supply and demand?
The law of supply and demand states that when the demand for an item or service is greater than the supply of that item or service, the price goes up, but when the supply of an item or service is greater than the demand for that item or service, the price for that item or service goes down. That is why scalpers can sell tickets to the World Series for more than the original price, since there are more people who want to attend (demand)than there are tickets (supply).
What does short supply mean?
People are wanting more than there is available. ie. Demand is greater than supply.
Explain the process of supply and demand and how prices rise and fall?
Prices will fall when the demand is much lower than the supply. When the supply is lower, there is greater demand, therefore, the prices will rise.
When is something scarce in the supply market?
Scarcity results when the demand for a good or service is greater than its supply.
When equilibrium demanded is greater than quantity?
No. Equilibrium is when supply and demand are equal
Why does diesel cost more than gas?
It's a supply and demand issue. Demand for gasoline is much greater than that for Diesel. Therefore, the supply of Diesel is less which drives up the price.
