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What is it called when supply is greater than demand?
Depression
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.
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 happens when he supply of a noperishable good is greater than the consumer wants to buy?
The price will decrease until the supply decreases or the consumer wants more of it.
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.
The law of supply and demand states that the greater the demand for a limited supply of something?
the more it worth
How does the equilibrium price change when both supply and demand shift to the right?
When both supply and demand shift to the right, the equilibrium price will increase if the increase in demand is greater than the increase in supply. Conversely, the equilibrium price will decrease if the increase in supply is greater than the increase in demand.
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.
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.
What is it called when supply is greater than demand?
Depression
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.
Which of the following explains why scarcity is a basic fact of life?
demand will always be greater than supply
Why scarcity is basic fact of life?
demand will always be greater then supply
Why scarcity is a basic fact of life?
demand will always be greater then supply
