When markets fail to clear and achieve their final equilibrium point, they are said to be in disequilibrium. Disequilibrium might develop if the price was lower than the market equilibrium price, causing demand to exceed supply, resulting in a shortage. Government regulations, non-profit maximization actions, and 'sticky' prices can all cause disequilibrium. The demand (Q1) is greater than the supply (P1) at a price of P1 (Q3). As consumers try to get the limited supply, this disequilibrium will result in a shortage (Q1-Q3) and long lines. In a free market, you'd expect businesses to deal with this imbalance by raising prices to ration demand.
Causes of disequilibrium
- Sticky prices: Firms may be committed to maintaining the same price for the entire year. As a result, if demand rises over the season, there will be a shortage because the company does not want to continuously changing pricing — especially when demand is erratic. There are menu costs in adjusting pricing, but they can also upset customers by raising prices constantly.
- Social factors: Firms may intentionally keep prices low because they believe they have an obligation to the community - for example, landlords not raising rent, or football teams not raising ticket costs.
- Non-profit maximizing decisions: Individuals are assumed to be rational and endeavor to maximize utility in economics. Other forces, though, are at play in the real world. Ub3r, for example, uses 'surge pricing,' which allows the price to climb in response to high demand, encouraging more drivers to work. However, this might mean that in the event of a natural disaster, Uber appears to be profiting from 'unfairly high' costs. Uber's algorithms have been adjusted to override these equilibrium prices.
- Government controls: ex maximum or minimum prices or government regulating prices, ex train tickets limited by rail regulators.
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Price above equilibrium</h2>
In other circumstances, the price may be set higher than the equilibrium price, resulting in a surplus of supply. At P2, supply exceeds demand, implying that businesses have surplus inventory they can't sell. There is a Q3-Q2 surplus. In a free market, the market price should fall to P1, where demand equals supply.
The answer is arousal theory
Arousal theory is a motivation theory that state human motivation changes from day to day hence high arousal events are remembered better than low arousal events. This applies the same way to human emotions where by strong emotions form strong memories while weak emotions form weak memory
Answer:yes send a copy of their formed consent via facsimile To the subject's wife and after she has had an opportunity to speak to the investigator, she can sign the informed consent and send it back to you.
Explanation: the man should not be exempted from the trail because his wife is not around to sign up the consent form. Faxing it is a better and quicker way to get the wife's consent because this trial may help her husband. And also a waver of consent will not also be given by the IRB and verbal approval by the wife is not acceptable legally. The best way is still faxing it to the wife and she has done her own background check she can sign it and fax it back via facsimile also.
I think the last one lowkey
In other to be successful in the Hollywood market, the women filmmakers must work within the same narrative structures and formal codings as the male filmmakers does.
Filmmakers refers to one who helps in movie productions
- The filmmaker are responsible for making, leading and developing movie productions.
- Despite that the population of the male filmmakers is higher, the female filmmaker are also involve in different movie production.
Therefore, the women filmmakers must work within the same narrative structures and formal codings as the male filmmakers does.
Read more about Filmmakers:
<em>brainly.com/question/20443936</em>
