tatumpv tatumpv
  • 11-02-2019
  • Business
contestada

how is a shortage or a surplus corrected

Respuesta :

MrCreighton
MrCreighton MrCreighton
  • 11-02-2019

The answer to this question lies in the law of supply and demand. The steering force in determining supply and demand is price.

Therefore, if you have a shortage, price will go up. This will drive demand down.

If you have a surplus, price will go down. This will entice more people to buy your product thus reducing your surplus.

Answer Link

Otras preguntas

what is 4/5 multiplied by 3/8
When people don't clearly recognize the obstacle causing their frustration, they A. are said to be experiencing a minor frustration. B. won't resort to physical
Why do we need joints that permit little to no movement in our skeletons?
spelling and gramar errors affect the readers perception of the authors credibility. true or false
Who proposed that educated African Americans should attempt to achieve immediate inclusion into mainstream American life? W.E.B. Du Bois Theodore Dreiser Booker
In any problems involving circular motion, which way does the tangential speed vector point?
A liquid that has components that can be distinguished from each other is a compound. atom. element. mixture.
At least 3 millennium development goals
What would happen to an enzyme if the temperature and ph changed significantly beyond the enzyme's optimum level ?
Why does a black ball appear black in white light?