aMarket equilibrium is the point where the supply and demand curves intersect. Equilibrium quantity is the quantity supplied and the quantity demand at the equilibrium price. Surplus is a situation where quantity supplied is greater than quantity demanded. Whereas a shortage is when there is more ...
Identifying Shortages and Surpluses in Microeconomics from Chapter 2 / Lesson 5 40K Shortages occur as demand exceeds supply, and surpluses naturally exist when supply exceeds demand. Explore these microeconomic principles ...
Given ultra-low construction, and US population growth of about 3 million/year, there is only one explanation for that pattern. Astoundingly low demand for housing. Do young people actually enjoy living with their parents, or might America be experiencing an aggregate demand shortfall? Another reas...
Behind the shortage of migrant workers is not only the competition between enterprises and enterprises, but also the competition between cities and cities. The graph of population flow over the past ten years shows that whenever every region is revitalized, the labor force will accelerate to flow ...