3 years ago

The situation where the quantity supplied of a good is greater than the quantity demanded at

Business

1 answer:

aliina [53]3 years ago

8 0

Answer:

Excess supply

Explanation:

Demand is the quantity required or requested by buyers while supply is the quantity of a good that a producer is able to supply to the buyer.

When demand is equal to supply there is equilibrium and no excess in demand or supply.

However when the amount supplied exceeds the demand for a product there will be excess product in the market. This is called excess supply.

Conversely when the quantity demanded is more than that supplied it is excess demand

You might be interested in

The number of international tourists visiting Asia and the pacific In 2010 was

ikadub [295]

I think the answer is 204 million

3 0

3 years ago

Read 2 more answers

The government department responsible for laws concerning work is the_____. 1. US Department of Education

Marat540 [252]

3. US Department of Labor

5 0

3 years ago

Read 2 more answers

There are two nations that, using all of their resources, both produce lemon drops and boxes. Nation A can produce either 300 le

In-s [12.5K]

Answer:

I drew the production possibilities frontier curve for both nations, A and B, and attached it.

Explanation:

7 0

3 years ago

A registered representative says in a conversation with a prospect that a certain mutual fund "has no initial sales load." The f

slava [35]

Answer:

C. The RR must explain the contingent deferred sales load to the prospect

Explanation:

7 0

3 years ago

Which of the following individuals are required to pay taxes to fund Social Security and Medicare?

Xelga [282]

Answer:

Correct option is (D)

Explanation:

Employees, employers and self employed are supposed to contribute to fund social security and medicare.

Contribution made by each party comes under different categories. Employees contribute to social security and medicare in the the form of FICA taxes which could be withheld by the employers. Employees pay 50 percent and the remaining 50 percent is paid by the employer.

Self employed contribute in the form of self employed taxes.

4 0

3 years ago