--%>
Assignment Help - homework help

Describe how the price system eliminates shortage

Describe how the price system eliminates shortage.
A shortage refer that quantity demanded is greater than quantity supplied. It will lead to upward pressure on price. As price increase, quantity demanded falls and quantity supplied increase. This will continue till quantity demanded is equal to quantity supplied.

   Related Questions in Biology

  • Q : Importance of Communication -

    Communication is the lifeblood of business. Success of the communication system affects the success of business. The following points will prove its importance: Smooth working of a business firm: it is through communication that healthy and conductive environment is creat

    		•
  • Q : Evolutionary benefit of animals with

    State some of evolutionary advantages of the animals having complete digestive tube?

    		•
  • Q : Project proposal Individual Project

    Individual Project Proposal: 10% Deadline: End of Learning Week 4 Initial work-in-progress report to confirm a project's aims and proposed solution and to identify

    		•
  • Q : Fragment of nucleic acid having

    When a fragment of nucleic acid has a nucleotide sequence TAC, can anyone assert that it is a codon or an anticodon?

    		•
  • Q : What is Vendor Partnerships Vendor

    Vendor Partnerships: In quality control, extended relationship among buyers and sellers based on confidence, credibility, and joint benefit. The buyer, on its part, gives long-term contracts and assurance of merely a small number of c

    		•
  • Q : Function of skin in the humans State

    State the function of skin in the humans?

    		•
  • Q : What is delayed hypersensitivity What

    What is delayed hypersensitivity?

    		•
  • Q : Cell types which form the osseous tissue

    Name the three main cell types which form the osseous tissue? Also explain their functions?

    		•
  • Q : Characterizations of amphibians Write

    Write the characterizations of amphibians according to illustrations of representing beings, fundamental morphology, skin, circulation, respiration, nitrogen waste, thermal control and kinds of reproduction?

    		•
  • Q : What is Product Development Product

    Product Development: A new service or product for the market is process developing. This kind of development is seem as the preliminary step in service or product development and includes various steps which should be completed before the product can

    		•