What happens when the quantity of a good supplied at a given price is greater than the quantity demanded

Answers

Answer 1

The correct answer is a surplus (aka excess supply) .

Any time a supply is larger than the demand, there will be a surplus. This is due to the fact that there is more of a product than desired by the consumers.

In this case, businesses will often lower prices so that they do not have excess goods. However, if the prices are too low and their is more demand than supply, that results in a shortage. Businesses are constantly adjusting their strategies to try to predict the demand and supply of products in order to satisfy the consumers needs/wants.

Answer 2

When the quantity supplied of the commodity is greater than the quantity demanded at a given price is known as excess supply.

Further Explanation:

Excess Supply: It is also known as economic surplus. It refers to a situation where the quantity of supplied exceeds the quantity demanded of a service or product. The point at which the demand and supply curve intersect each other is known as the equilibrium point. The price and quantity demanded at the equilibrium are known as equilibrium price and equilibrium quantity, respectively.

The situation when the quantity of a good supplied is greater than quantity demanded:

When the price at which quantity will be supplied is more than the equilibrium price. Then the quantity of the goods that producers are willing to sell exceeds the quantity that buyers wish to buy at the current price. This will lead to excess supply in the market. The excess supply will put opposite impact on the prices and the market again comes to equilibrium.

Therefore, when the supply exceeds the demand for the commodity, it is known as excess supply.

Learn more:

1. Law of demand and supply

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2. Effect on demand

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3. Demand and Supply

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Answer details:

Grade: High School

Subject: Economics

Chapter: Demand and supply

Keywords: when the quantity of a good supplied at a given price is greater than the quantity demanded, excess supply, elasticity, demand and supply, impact on price, downward pressure on prices.


Related Questions

What is one specific argument critics used in the 1780s to support revising the articles of confederation?

Answers

Lack of centralized government power was a key argument used to support revising the Articles of Confederation. The Articles of Confederation allowed for states to have a lot of autonomy and power and kept the centralized government weak. Great Britain had a very strong centralized government that had caused the dissonance that resulted in the American Revolution, so naturally, the Articles of Confederation framed the national government in the opposite. However, the central government was left so weak it could not properly function. It could not levy taxes, draft citizens into the military, or regulate trade. The states had all of these powers. This led to the national government being unable to pay even things such as national debt and the Continental Army, as well as vast differences in economics from state to state. This threatened to collapse the government since the framework of the articles simply could not support the necessities to run a country.

What events contributed to the rise and fall of the Egyptian empire

Answers

The Egyptians failed to adapt to the new changes of their world. There are multiple books on this and it is very interesting.

The fall of the Egyptian Empire was influenced by invasions, internal strife, and environmental challenges, with an eroded royal authority and increased foreign conquests leading to political fragmentation and vulnerability to outside

Factors Contributing to the Rise and Fall of the Egyptian Empirerule :

The collapse of the Egyptian Empire in around 1150 BCE coincided with the broader collapse of the Bronze Age. Key events leading to the fall included invasions by the Sea Peoples and Libyans, as well as internal struggles such as the growth in power of the nobility, which eroded royal authority.

This led to a period of political fragmentation, with Egypt experiencing a long period of civil war and conflicts.

During this Intermediate Period, there was a halt in monumental building, and titles became hereditary, creating a noble class with inherited power, further weakening the centralized authority of the pharaohs. Despite a diversified and expanded economy, grain prices soared and tomb robbing became common, indicating social distress.

Over the ensuing centuries, foreign conquests by the Assyrians, Persians, Greeks, and Romans occurred, as Egypt never fully recovered its former stability and might. Environmental factors, such as droughts, also played a significant role in destabilizing the region during this time.

Later periods saw some recovery, with new dynasties sometimes recapturing past glories in construction and military might. However, growing unrest, corruption, and unsuccessful military campaigns led to further periods of political decentralization, with Assyrians, Nubians, Persians, and Greeks taking turns ruling over Egypt.

The arrival of Alexander the Great marked the end of the Late Period, as Egypt succumbed to Macedonian and later Ptolemaic rule, before ultimately becoming a Roman colony in 30 BC.

Why was the time period around the administration of james monroe called "the era of good feelings"?

Answers

 It reflected a sense of national purpose and a desire for unity among Americans in the aftermath of the War of 1812.

Why were the Students for a Democratic Society a significant group in the 1960s? They held the first national protest against the war in Vietnam. They organized an iconic three-day festival of countercultural music. They organized rallies in support of US involvement in the Vietnam War. They held the first sit-ins and teach-ins to assert students’ right to free speech.

Answers

OPTION A: They held the first national protest against the war in Vietnam.

Students for a Democratic Society (1960-74) was a student activist organization of the U.S., initially engaged in civil rights movement. It was responsible for organizing the first national protest against the war in Vietnam on Washington, D.C., in April 1965. Since then, the SDS grew more militant especially about issues relating to the war.



Students for a democratic society were significant because they held the  first national protest against the war in Vietnam.

The students led a protest against the government to show that they did not approve of the involvement of the US in the Vietnam crisis.

The students were a group of activists in the United States at this time.

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Paul remained faithful to Jesus' call and commission in his life.
true or false

Answers

That is true!  Paul did commit the rest of his life(after his name changed from Saul to Paul)to follow Jesus no matter what.  Hope that helps.
The answer is true. Hope this helps!!

which group favored ratification of the constitution? who typically made up this group and why did they favor it?

Answers

the federalist group.
According to my caulcuations its "Federalists"                                                        give the other person brainiest

The judicial branch of government is comprised of which individuals or groups? (Select all that apply.)

state officials
foreign diplomats
Supreme Court
local officials

Answers

The judicial branch consists of the Supreme Court and various federal and state courts, with judges dedicated to interpreting the law. State and local officials, as well as foreign diplomats, are not part of the judiciary.

The judicial branch of government is primarily comprised of judges and courts that are tasked with interpreting the law and hearing legal cases. The individuals who make up the judicial branch include the Supreme Court, which is the highest federal court in the United States, and judges at various levels of both federal and state courts. State officials, such as governors and legislators, do influence the judiciary by appointing judges in some systems, but they are not part of the judiciary themselves. Local officials, such as mayors and city council members, operate at the municipal level and do not serve as judges. Therefore, the correct answer includes the Supreme Court but does not include state officials, foreign diplomats, or local officials as part of the judiciary.

when chief joseph refers to our condition what truth is he acknowledging

Answers

In referring to the condition we hold, Chief Joseph was acknowledging the basic truth that the actions taken by colonists was immoral and would ultimately lead to the downfall and destruction of the ways of life that we embodied and partook in, which was damaging the natural surroundings.

How did the roman catholic church affect the economy middle ages?

Answers

It effected it politically and socially.

Answer:

pressuring europeans to pay taxes

Explanation:

What is a characteristic of civilization?

A. Government

B. An army

C. Bronze tools and weapons

D. Art and literature

Answers

A. The answer is Government

I think it could be either A or D. There at 6 traits of civilization. Six of the most important characteristics are: cities, government, religion, social structure, writing and art.

What distinctive ideals did the founding fathers set forth when planning the new government?

Answers

Are there any answer choices?

Describe how the english colonists differed from the dutch and the french in their interactions with native americans.

Answers

English, Dutch and French contact with the natives was inevitable. However, each group treated natives differently. The English were concerned with placement of its excess population and in securing the flow of raw materials back to the homeland. They expected the colonists to bolster England’s Economy with demands for manufactured goods. In order for them to meet these goals, the colonists were encouraged to make permanent agricultural settlements. This created a conflict between the English and the Natives since the lands they were colonizing where already inhabited. The English considered the Natives to be primitive and inferior themselves so they tried to enslave or eradicate the natives. On the other hand, the French were more concerned with controlling trade routes with furs being the driving force. They and the Native held a good relationship. Thus, French came to America mainly for the fur trade which the Natives was already doing. So instead of being competitors over living space they were partners in trade. They acknowledged that there were many things that the Natives knew better than they did. They treated the natives as equal partners to help bolster trade. 

9. How were the "new" immigrants that arrived in America in the late 1800s different from earlier waves of immigrants? A. They were Protestants. B. Most spoke English. C. They tended to be Catholic and Jewish. D. Most came with their own money and training.

Answers

The correct answer is C. they tended to be Catholic and Jewish.
A is incorrect because even before, most immigrants were Protestants from England. B is incorrect because most immigrants came from England so they obviously spoke English. D is incorrect because this wasn't a trait of the new immigrants only, but rather of the old ones too. However, what was different about them was their religion, which tended to be Catholicism and Judaism. 

Rousseau wrote man is born free and everywhere he is in chains what kind of government did he favor in order to ensure greater freedom?
Absolute monarchy
Enlightened monarchy
Oligarchy
Popularly elected government

Answers

Enlightened Monarchy. Rousseau also said in the Social Contract Theory that he wanted a government that provides protection for private property. He wanted to prevent land to be taken by coercion.

Correct answer:

Enlightened monarchy

The line quoted in the question is the opening line from Jean-Jacques Rousseau's famous book, The Social Contract (1762).  Rousseau saw the natural state of mankind as one of freedom, but that in organizing societies and forming governments, human beings had chained themselves into arrangements that inhibited their freedom.  He advocated a better form of social contract in which the people retained the role of authority in their own government systems.  He still saw a monarch as being in charge as the executive figure in government, but the monarch would rule as a civil servant of the people.

who was the president in 1962

Answers

It was Barack Obama
John F Kennedy was the president from 1960 to 1963 when he was assassinated

Once the Spanish settled in Caribbean they did what?

Answers

They built fortresses, plantations, and forced the natives to work for them (after they conquered them). They also tried to look for natural resources, and advertised for more settlers to go there to help the people already there. 

Hope this helps

Match each term to its description.
Tiles
Armenian genocide

Young Turks

Sick Man of Europe

Crimean War

occupation of Egypt

match to

British action to gain control over the Suez canal

a group of reformists that focused on nationalism

the result of a desire to protect Orthodox Christians
under Ottoman rule

a name for the Ottoman Empire during of its
weakened state

a consequence of bias against non-Turks

Answers

Armenian genocide to a consequence of bias against non turks 
young turks to a group of reformist that focused on nationalism 
sick man of europe to a name for the ottoman empire during its weakened state 
crimean war to the result of a desire to protect orthodox chrstians under ottoman rule 
occupation of Egypt to British action to gain control over the Suez canal

Armenian genocide ---> a consequence of bias against non-Turks

At the beginning of the 20th century, nationalism was on the rise and it was re-shaping states and multinational empires (like the Ottoman Empire) into Nation-States. In this process, the Ottoman Empire saw itself as a large Turk nation-state and therefore there were many attempts to eliminate other ethnic identities that wanted independence from the Empire, like Armenians and Syriac people. The Armenian genocide killed more than 1.5 million Armenians.

Young Turks ---> a group of reformists that focused on nationalism

Throughout the 19th century, the Ottoman Empire was struggling to try to adapt to modern times as most European powers did. It remained anchored to religious authority and law, for that reasons, there were many reform attempts to modernize the empire. The Young Turks were a group of military officers that wanted to reform the empire under a Turkish nationalist and militaristic view.

Sick Man of Europe ---> a name for the Ottoman Empire during of its weakened state

At the end of the 19th century, the Ottoman Empire was in crisis, it was an Islamic empire controlling large populations of different religions and a Turkish empire governing over different nationalities at a time in which nationalism was on the rise. The Ottoman Empire couldn't control the European region of the Balkans, where different ethnic nationalities were struggling to be independent. For these reasons it was labeled by European powers as "the sick man of Europe."

Crimean War ---> the result of a desire to protect Orthodox Christians under Ottoman rule

The Russian Empire was an Orthodox Christian power and as such, it wanted to protect Orthodox Christian populations living in Ottoman territory. Also, the Russian Empire used this as a tool to expand its frontiers and take over regions that were under Ottoman control, especially the Crimean peninsula, which was the scenery of a war between 1853 and 1856.  

occupation of Egypt ---> British action to gain control over the Suez canal

The British occupied Egypt in 1882 and established a de facto protectorate over this Ottoman province, in order to gain control over the Suez canal which was a strategical pass between the Mediterranean Sea and the Red Sea that permitted the flux of British commerce and British military presence in the East.

The white majority built a system of segregation known as _____ (named after the minstrel shows in which white singers and dancers blackened their faces and pretended to be african americans).

Answers

The appropriate response is Jim Crow. Jim Crow was not a man, yet influenced the lives of a large number of individuals. Named following a prevalent nineteenth century minstrel tune that stereotyped African Americans, "Jim Crow" came to exemplify the arrangement of government-authorized racial mistreatment and isolation in the United States.

This ancient book tells the story of a mythical king and a worldwide flood

Answers

The story this clue is defining is "The Epic Of Gilgamesh" 

Hope this helped! Have fun!
Just finished this test... the answer should be "The Epic of Gilgamesh"

Which physical features helped influence George Washington's decision to choose Valley Forge as the location of the winter camp for his army? A) It was close to the port of Boston for easier access to supplies. B) Valley Forge was located on Canadian soil and by law the British could not attack his men there. C) The location's elevated ground and the Schuylkill River to the north made the site easy to defend. D) Valley Forge is in southern Pennsylvania and would have warmer winter temperatures than other locations further north.

Answers

The correct choice is "C", "The location's elevated ground and the Schuylkill River to the north made the site easy to defend".
1777 was the year when Washington led his beaten, sick and remaining army to Valley Forge, which is situated about 20 miles northwest of Philadelphia. Another physical advantage Washington had had was an easy watch on General Howe's Army.

Which document, written mostly by thomas jefferson, explained the reasons why the colonies were breaking away from britain?

Answers

The correct answer is the declaration of independence.

It was mostly written by Jefferson and it pointed out to all the bad things the king has done against the colonies. These things were called grievances, and the grievances are the reason as to why they are breaking away from the empire in order to establish their own country.

The Declaration of Independence, written mostly by Thomas Jefferson, is the document that explained why the American colonies decided to assert their independence from Britain, outlining the philosophical underpinnings and grievances justifying rebellion.

The document written mostly by Thomas Jefferson that explained the reasons why the colonies were breaking away from Britain is the Declaration of Independence. Jefferson, as the principal author, crafted a compelling document that articulated the philosophical and practical reasons for separation from British rule. The Declaration of Independence not only protested the injustices imposed by King George III but also expressed the enlightened ideals of individual rights and the necessity of government by consent. As stipulated in the Declaration, governments are instituted to protect the rights of life, liberty, and the pursuit of happiness, and when a government becomes destructive of these ends, it is the right of the people to alter or abolish it.

Where did spanish french dutch and british colonizers settled in north america?

Answers

France founded colonies in much of eastern North America and established forts and settlements that would become Quebec and Montreal in Canada; Detroit, Green Bay, St. Louis, Mobile, Baton Rouge and New Orleans in the United States. For the british, their earliest settlements were in Virginia and Massachusetts, but quickly spread along the Atlantic coast, from Maine to down Georgia, and even into the continent’s interior as far as the Mississippi River. The spanish garnered most of the southern and southwestern regions, as well as sections of the coasts of California. Some of their settlements included St. Augustine, Florida, New Mexico, and numerous cities in Texas and California. The Dutch controlled the Hudson River Valley: including some places that are present day Albany and New York City.

Why was a union at Vicksburg so important for the north?

Answers

The union of Vicksburg was important for the North, because it was one of the Confederates strongest forts, and was the last step in completing the Anaconda Plan. While Vicksburg still stood, the North didn't have control of the River, and so the Confederates could still supply both the West and East via Vicksburg

hope this helps

What two laws were passed in 1906 to protect consumers?

Answers

Hi,

The answer to your question is "The Meat Inspection Act and the Pure Food and Drug Act".

Real GDP divided by the total population is: A. normalized GDP B. fixed GDP C. real GDP per capita D. capita per real GDP


Please help me!!!!!!


Answers

Real Gross Domestic Product (Real GDP) is a macroeconomic measure of the value of economic output adjusted for price changes (i.e., inflation or deflation).

In other words, the correct answer is letter C.

The answer is C. real GDP per capita.

what are the main political ideas put forth in the declaration of independence

Answers

The American Declaration of Independence explicitly states (and also implies) a number of important political ideas. Two of the most important are that governments rule the governed only by the consent of the latter and that any government that abuses its privileged role is rightly overthrown by the people suffering from its abuses.

Which of the following was a point that Washington stressed in his farewell address?


The united States should remain dependent on Britain for security.

Political parties are important to the health of the union.

Federal unity is important.

The United States should join forces with foreign nations.

Answers

c) Federal Unity is important

The correct answer is Federal unity is important.

In his farewell address, Washington warned American citizens to avoid certain actions. One of the most important ones was the idea of avoiding permanent foreign alliances. He had no problem with America trading with other countries, however he felt that permanent military and economic alliances would result in America being dragged into foreign conflicts. This shows why statements 1 and 4 are incorrect.

Another warning Washington gave American citizens was to avoid creating political factions (aka political parties). He felt that political parties caused people to abandon their logic and that emotions would take over thei reasoning skills. This shows why statement 2 is incorrect.

Ultimately, Washington felt that the success of this young nation would depend strongly on staying unified.

How was china able to accept two major belief systems, confucianism and daoism?

Answers

BEcause theyre cool and honestly im just tryna see the answer.

The Hyksos, as an invading force, brought advanced bronze weaponry to Egypt at the end of the Middle Kingdom. How did the pharaohs of the New Kingdom adopt this technology to the empire's advantage?

They sold the technology to allies to fund construction.
They used the technology in conquests to expand the empire.
They used the technology to facilitate trade.
They traded the technology for goods such as wood and gold.

Answers

They used the technology in conquests to expand the empire.

The new kingdom of pharaohs adopted the new technology in the war to expand the empire in order to advance the empire. Thus, option 2nd is correct.

What is pharaohs?

Pharaohs, is the ruler of the Egypt of ancient time when they were the head of the state as well as the head of the religious work and decisions i.e. is  religious leaders of their people. The term also means that the house of the great, which implies the house where the pharaoh lives.

Immigration from Palestine into Egypt starting around the 18th century BCE allowed for the ascent of the Hyksos monarchs. The compound bow, the horse and chariot, and more advanced metal weaponry were among the new technology that the immigrants brought with them.

Therefore, it can be concluded that use of the technology was meant for the expansion of the territory in the region. Hence, option  2nd is correct.

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under the us constitution who does the rule of law apply to ?

Answers

A all people because everyone has to follow that law.
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