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.
Answer:
I don't know this is too hard to solve
When government provides citizens with a job-training program so more people can enter a new job field, this is a capacity policy.
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What is Capacity Policy?</h3>
From the government's perspective, policy capacity is usually defined as the government's ability to make intelligent choices to set strategic directions and scan the environment, to weigh and assess the implications of policy alternatives.
Thus, policy capacity is usually defined from the government's perspective as the government's ability to make intelligent choices. When government provides citizens with a job-training program, this is a capacity policy.
Learn more about Capacity Policy here:
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Answer:
Reactions to the 1989 Tiananmen Square protests - Wikipedia
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