Indicate whether the situation below will lead to a surplus, shortage, or neither.
The price of a product falls to a level that consumers consider a bargain.
O Neither
Surplus
Shortage

Question

21-09-2021
Business

contestada

Indicate whether the situation below will lead to a surplus, shortage, or neither.
The price of a product falls to a level that consumers consider a bargain.
O Neither
Surplus
Shortage

Respuesta :

Otras preguntas

transitional cells differ from epithelial cells in that they A) can stretch more B) lack tight junctions between the cells C) have a thinner cell membrane D) ca

The family size bottle of sunscreen holds 1212 12 fluid ounces (fl oz)(\text{fl oz}) (fl oz) of sunscreen. The regular bottle holds 75%75\% 75% less.

Max has set some financial goals and created a budget. What else does Max need to have a complete financial plan? a. loan information, insurance plan, and a sav

Ned is a registered nurse who gains a certification to identify and interpret injuries for violent causes. Which type of certification has he gained? A. CCI B.

HELP FAST 5 POINTS AND A EXTRA 20 POINTS TO BRAINLIEST ANSWER

elemebts of language 1 couse page 174

Which business practice contributed to the trend shown on this graph? a. Outsourcing labor b. Buying on margin c. Derivatives trading d. Vertical integrat

Which correctly identifies the parts of a transverse wave? A: crest B: amplitude C: wavelength D: trough A: trough B: amplitude C: crest D: wavelength A: troug

Suppose given △ABC with a line segment DE connecting sides AB and BC so that DE ∥ AC . The lengths of the sides of △DBE are three times shorter than the len

Hey can you help me ? uwu

ewomazinoade ewomazinoade · Answer 1 · 2021-09-24T16:25:44+02:00

If the price of a product falls to what is considered a bargain price, a shortage would occur.

A shortage occurs when the quantity demanded exceeds the quantity supplied. A shortage occurs when price is below the equilibrium price.

A surplus is when the quantity supplied exceeds the quantity demanded. A surplus occurs when price is above the equilibrium price.

When the price of a good falls to what is considered a bargain price by consumers, it means that the price of the good is below the equilibrium price.

When the price of a good is below equilibrium, quantity supplied would fall and the quantity demanded would exceed supply. As a result, there would be a shortage.

To learn more about shortage, please check: https://brainly.com/question/16137233?referrer=searchResults

Indicate whether the situation below will lead to a surplus, shortage, or neither. The price of a product falls to a level that consumers consider a bargain. O Neither Surplus Shortage

Respuesta :

Otras preguntas

Indicate whether the situation below will lead to a surplus, shortage, or neither.
The price of a product falls to a level that consumers consider a bargain.
O Neither
Surplus
Shortage