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 state of Alabama. Hope this helped! :)
Answer:
nae nae
Explanation:
Why you always in a mood?
Frickin' 'round, actin' brand new
I ain't tryna tell you what to do, but try to play it cool
Baby, I ain't playing by your rules
Everything look better with a view
Answer: Francisco Pizarro's
Explanation: The 16th-century Spanish explorer and conquistador Hernando de Soto arrived in the West Indies as a young man and went on to make a fortune in the Central American slavery trade. He supplied ships for Francisco Pizarro's southward expedition and ended up accompanying Pizarro in his conquest of Peru in 1532.
Theodore Roosevelt asserted American power with the Monroe Doctrine.
hope this helped!! :)
