--%>

Define deficient demand

Deficient demand: If AD < AS at full employment level, then it is defined as deficient demand.

   Related Questions in Microeconomics

  • Q : Effect of national income on Normal

    A possible demonstration for economy-wide rises in demands for such goods as latest cars and clothes would be that: (1) National income has risen. (2) The economy is fall into recession. (3) The prices of the goods go up. (4) Prices were cut for the c

  • Q : Competition-Welfare Social problem The

    The purely competitive firm in the output market which hires from a purely competitive labor market will employ the labor at the point where VMP = W as the firm: (p) Operates in society's best interest. (q) Wants to be quite fair to workers. (r) Is egalitarian institu

  • Q : Horizontal summation of individual

    The purely competitive industry’s demand for the labor is: (i) Less elastic than the horizontal summation of individual firm’s demands. (ii) Perfectly elastic. (iii) Upward sloping as of the diminishing marginal returns to labor. (iv) Equi

  • Q : Supply of curve in the short run I have

    I have a problem in economics on Supply of curve in the short run. Please help me in the following question. The supply curve of milk would shift in the short-run in response to the modification in: (i) Price of the milk. (ii) Demand for the milk. (iii) Numbers and si

  • Q : Problem on average household income Can

    Can someone help me in finding out the right answer from the given options. Demand curve for the gasoline, a normal good, would shift to right when: (1) The legal least age to drive was raised to 18 all through the world. (2) New oil fields were discovered and exploit

  • Q : Types of market in economy Types of

    Types of market in economy: There are two kinds of market in this economy: Factor market-for Factors of Production and Product market-for goods and Services.

  • Q : Spending pattern in Substitution Effects

    I have a problem in economics on spending pattern in Substitution Effects. Please help me in the following question. Even when your real income were held steady by adjusting for price modifications, your spending pattern would react to modifications in relative prices

  • Q : Increase profits of quantity selling by

    When a monopolist was selling a quantity which marginal revenue [MR] is greater than marginal costs [marginal costs [MC] in that case this could increase profits by: (w) raising price. (x) increasing output. (y) raisi

  • Q : Decreasing cost industries When average

    When average production cost for Plastibristle Inc. falls like market demand increases and more firms go into the industry, Plastibristle is within:  (1) an economically efficient industry. (2) a purely competiti

  • Q : Nonlinear kinked demand curve Within

    Within this "kinked-demand curve" model, that firm views the demand curve this faces as the: (w) linear "kinked" demand curve aD2 for all prices. (x) linear "kinked" demand curve D1D1 for all prices. (y) nonlinear "kin