michealthompson40
michealthompson40 michealthompson40
  • 04-03-2020
  • Business
contestada

When there is excess demand, there is

When there is excess demand there is class=

Respuesta :

kudzordzifrancis
kudzordzifrancis kudzordzifrancis
  • 11-03-2020

Answer:

disequilibrium

Explanation:

An equilibrium occurs when quantity demanded equals quantity supplied.

When there is excess demand, supply is not equal to demand, hence there is disequilibrium.

Price floors, also called minimum prices are set by the government when prices are falling too low.

Price floors bring about excess supply.

Excess demand will cause price to rise, forcing the government to set a maximum price, called price ceiling.

Answer Link

Otras preguntas

What is an example of symbiosis?
if you are right i’ll mark you as brainliest! which article of clothing signified roman citizenship? a. the toga b. the headdress c. the loincloth d. the sheil
Please help me It’s too complicated for me
Choose the answer that does NOT complete the sentence correctly. Los estudiantes _____ la lección. comprenden beben leen hacen
Which expression is equal to 6a^2-30a/a-2 x a^2+2a-8/2a^3-10a^2
Why did the British fight the war of 1812?
What is the maximum fine for selling alcoholic beverages to a minor with criminal negligence
Fill in the blanks: Ana ______________ (comprar) ropa tradicional todos los fines de semana.
what is the supreme law of the land?
use the coordinate plane at the right. identify the point for each ordered pair. (4,-1) (3,5) (3,-5)