The answer depends on a crucial information that it is not provided, the purchasing power of those potential customers, but it still it is possible to reason how the demand and supply of membership would work.
- Surplus of memberships would take place when in the gym market there is a shortage of demand. This situation occurs when there are less customers willing to purchase the product at 45$ than the number of memberships that are available. To claim if this is the case in the example we would need to know the structure of the demand function in this market.
- Shortage of memberships takes place when in the gym market there is a excess of demand. The price is afforded by a number of customers which exceeds the amount of memberships available. Therefore, some rationing mechanism would be necessary to fix who will get the membership and who will not. Again, it would be necessary to know who the demand function works.
The best and most correct answer among the choices provided by the question is the second choice "calling for recount"
The United States has become essentially a two-party system, since a conservative (such as the Republican Party<span>) and liberal (such as the </span>Democratic Party<span>) party has usually been the status quo within American politics.</span>
I hope my answer has come to your help. God bless and have a nice day ahead!
Heat cause thremal has to do with heat
