This reminded me of just how short the useful life of many so-called “capital goods” really is. Think computers. Or factories. Or even stadiums and basketball arenas. They actually tear down perfectly good arenas that I recall being touted as new and modernistic in the 1970s. (Meanwhile ...
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 ...
||Thousands of bushels demanded||Price per bushel||Thousands of bushels supplied||Surplus (+) or Shortage (-) |85|$3.40|72| |80|3.70|73| |75|4.00|75| |70|4.30|77| |65|4.60|79| |60|4.90|81| What is th...
A country famed for its extremely surplus labor force, the shortage of migrant workers has become a hot topic after the Spring Festival. Not only has there been a shortage of migrant workers in the traditional migrant workers, the Pearl River Delta and the Yangtze River Delta, but also in t...