A situation in which quantity demanded is greater than quantity supplied best describes
a. excess supply.
b. shortage.
c. equilibrium of demand.
d. surplus.
Answers (1)
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “A situation in which quantity demanded is greater than quantity supplied best describes a. excess supply. b. shortage. c. equilibrium of ...” in 📗 Business if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Search for Other Answers
You Might be Interested in
What is a business requirement? a) The specific business requests the system must meet to be successful b) The nonspecific methodology the system must meet to be successful c) The nonspecific business requests the system must meet to be successful
Answers (1)
The direct materials budget shows: Desired ending direct materials 48,000 pounds Total materials required 69,000 pounds Direct materials purchases 63,200 pounds The total direct materials needed for production is a. 21,000 pounds. b. 5,800 pounds. c.
Answers (1)
The Netflix database will also show you R rated movies when you run a search for a kid's movie. True False
Answers (2)
XYZ Corporation receives $100,000 from investors for issuing them shares of its stock. XYZ's journal entry to record this transaction would include a: (A) Credit to common stock. Correct (B) Debit to investments. (C) Credit to retained earnings.
Answers (1)
Factors that cause the rivalry among competing sellers to be weak include: Group of answer choices slow growth in buyer demand and strongly differentiated products. rapid growth in buyer demand and high buyer switching costs.
Answers (1)
New Questions in Business
Which education savings plan can be used for the K through 12 expenses as well as post secondary expanses
Answers (2)
What is a progressive income tax? a. Tax rate remains the same regardless of income. c. the average tax rate goes up when income goes up. b. The average tax rate goes down when income goes up. d. A tax that is measured at the margin.
Answers (2)
In the market for used cars, the demand and supply equations are given by qd = 12,000 - 0.4p and qs = 0.1p + 5,000, where p is the price per car and q measures the quantity of cars. what happens at a price floor of $20,000?
Answers (1)
2. Winners and losers from free trade Consider the market for meekers in the imaginary economy of Meekertown. In the absence of international trade, the domestic price of meekers is $40. Suppose that the world price of meekers is $39.
Answers (1)
An economic system: A. requires a grouping of private markets linked to one another. B. is a particular set of institutional arrangements and a coordinating mechanism used to respond to the economizing problem. C.
Answers (1)