--%>
Assignment Help - homework help

Describe how the price system eliminates surplus

Describe how the price system eliminates surplus.
A surplus is quantity demanded is less than quantity supplied. It will lead to downward pressure on price. As price falls, quantity demanded rises & quantity supplied drop. It will continue till quantity demanded is equivalent to quantity supplied.

   Related Questions in Biology

  • Q : Signs and symptoms of patients having

    Specify some of the signs and symptoms which is found in the patients having hyperthyroidism?

    		•
  • Q : Question based on placing sales tax in

    A competitive industry is in long-run equilibrium. Then a sales tax is placed on all firms in the industry. What do you suppose to happen to the price of the product, the number of firms in the industry, and the output of every firm?Along with

    		•
  • Q : Chloroplast in the cyanobacteria Is

    Is there any chloroplast in the cyanobacteria? Answer: In cyanobacteria there are no chloroplasts and the chlorophyll layers are scattered in cytosol.

    		•
  • Q : Difference between alpha helix and

    What is the basic difference between alpha helix and beta-sheet protein conformations?

    		•
  • Q : Describe Database Administration

    Database Administration: It is a job whose primary function is the general support of a computer database. Such support tasks are executed by a person termed as a database administrator, or DBA. Databases need constant management and up-keep, and a DB

    		•
  • Q : Explanation of Gantt chart In

    Question One Refer back to your answers in Assignment #3 and Assignment #6. Select four of the challenges listed in the assignment instructions.  For each of the challenges selected identify specific and detailed recommendations related to each challenge to assist an

    		•
  • Q : Relation of immune and thymus function

    What is the relation among immune and thymus function?

    		•
  • Q : Single umbilical artery and ctev

    35-year old second gravida with single umbilical artery and ctev (club foot)?

    		•
  • Q : How is light from sun converted into

    How is light from sun converted into chemical energy to be utilized by the living-beings on earth?

    		•
  • Q : Define the term NAD Define the term NAD

    Define the term NAD? Also state the role of NAD molecule in the glycolysis?

    		•