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leonid [27]
4 years ago
13

Please select the best answer from the choices provided A situation in which quantity demanded is greater than quantity supplied

best describes a. excess supply. b. shortage. c. equilibrium of demand. d. surplus.
Business
2 answers:
Black_prince [1.1K]4 years ago
5 0
<span>A situation in which quantity demanded is greater than quantity supplied best describes shortage. Shortage is when any product or service lacks the means to provide or satisfy its demand. A shortage in the product or service usually results to a price increase. On the other hand, a surplus results to a price decrease.</span>
Gnoma [55]4 years ago
5 0

Answer: b). Shortage

Explanation:

Shortage as the name suggests is the relative scarcity of goods in comparison to its demand. Shortage occurs when quantity demanded of a good is greater than its supply. In situations of shortage, the price of the good will rise and the quantity demanded will fall till it is equal to the supply.

So, the correct option is b). shortage

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Answer:

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Explanation:

In this scenario, Ann needs to share information about a new hiring policy. She needs to communicate this information to more than one hundred employees. Thus, Ann should send a memo.

A memo, also known as office memorandum is a written message used as a means of communication of policies, decisions or procedures issued by an appropriate authority to another within the same organization.

Simply stated, an office memorandum is used to issue instructions or for communicating an action or decision reached by the executive arm of an organization to another, such as subordinates within the same organization.

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3 years ago
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Inessa [10]
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Considering the scenerio about Judy and Amy are having lunch together and decide to split the bill equally. In this case, Amy is less price sensitive when sharing the cost.

What is price sensitivity?

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It should be noted that Price sensitivity helps in measuring price elasticity of demand.

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Learn more at price sensitivity at:

brainly.com/question/14094175

3 0
3 years ago
Marquez agrees to buy Dale's pickup truck so he can pull his trailer. Both Marquez and Dale believe that the truck is big enough
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4 0
4 years ago
​Tina's Tunes is a music store that has been selling CDs for 20 years. Throughout the last six​ years, sales have continuously d
goblinko [34]

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