--%>
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 : Origin of muscle cramps and

    How can the knowledge regarding fermentation describe the origin of muscle cramps and pains after the intense physical exertion?

    		•
  • Q : Main gas exchange organs of plants

    Write down the main gas exchange organs of plants? How is the procedure accomplished?

    		•
  • Q : Define the term colloidal minerals

    Define the term colloidal minerals.

    		•
  • Q : Explanation of cytoskeleton Give a

    Give a brief explanation of cytoskeleton. And also write down its main constituents that are in animal cells?

    		•
  • Q : Role of vitamin K in blood coagulation

    In which organ most of clotting factors are produced? Write down the role of vitamin K in blood coagulation?

    		•
  • Q : State Sales Forecasting Sales

    Sales Forecasting: It is estimating what a company's future sales are probably to be based on sales records and also market research. The information utilized in them should be disciplined and may contain information on the competition and statistics

    		•
  • Q : Differentiations between anastral and

    Write down the differentiations between anastral and astral mitosis.

    		•
  • Q : Effect of below the market-clearing

    Assume the supply curve for a good is completely inelastic. If the government imposed a price ceiling below the market-clearing level, would deadweight loss result? Describe.While the supply curve is completely inelastic, the imposition of an

    		•
  • Q : Microtubules are made up of which

    Microtubules are made up of which substance? In which cellular and structure’s procedures do microtubules participate?

    		•
  • Q : Types of animal tissue Write the major

    Write the major types of animal tissue? Answer: The major animal cell tissues are: nervous tissue, epithelial tissue, muscle tissue and the connective tissue.

    		•