If a surplus exists, then quantity demanded is less than quantity supplied, there will be pressure on price fall toward equilibrium.
When the quantity of supply of goods matches the demands for goods, it is called the equilibrium price. The market is said to be in a state of equilibrium when the main situation is in the phase of consolidation. Then, it can be concluded that demand and supply are comparatively equal. Equilibrium price examples are discussed below as well.
We can find the equilibrium price by using the equilibrium price formula. These are the steps:
- Calculate the supply function,
- Calculate the demand function,
- Set the equal amount of quantities for the demand and supply,
- Put this equilibrium price into a supply function,
- Check the result by putting the equilibrium price into the demand function.
A surplus implies the government has extra funds. These funds can be used toward public debt, to start new events, social service or Medicare service and also in reducing interest rates which can help the economy.
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Answer:
Wood
Explanation:
Buildings made by brick or concrete have low ductility. And due to low ductility they absorb very less energy. This makes them not so good material for area prone to earthquakes. While Wood or steel reinforced concrete would be more suitable for area prone to earthquakes as they have increased ductility.
Answer:
Explanation:
velocity of ship with respect to water = 6.5 m/s due north
velocity of water with respect to earth = 1.5 m/s at 40° north of east
velocity of ship with respect to water = velocity of ship with respect to earth - velocity of water with respect to earth
The magnitude of the velocity of ship relative to earth is 
= 5.66 m/s
I think it’s A, I’m so sorry if I’m wrong.
