Ask Question, Ask an Expert

+61-413 786 465

info@mywordsolution.com

Ask Microeconomics Expert

Shortage

A condition under that the quantity demanded for a good or service exceeds the available supply for that good or service. Shortages usually cause a rise in price to restore market equilibrium in the short term.

Microeconomics, Economics

  • Category:- Microeconomics
  • Reference No.:- M9511942

Have any Question?


Related Questions in Microeconomics

Question - if a savings bank pays 15 interest every 3

Question - If a savings bank pays 1.5% interest every 3 months (Every quarter), a. What is the nominal rate? b. What is the effective rate per year?

Question in the early stages of recovery the sampp 500 and

Question: In the early stages of recovery, the S&P 500 and other broad-based stock market indexes generally rose at least 25%. Yet in the months of the first three quarters of 2002, these indexes dropped over 30%. Why di ...

Question please answer in 7-8 sentancesfuture historians

Question: Please answer in 7-8 sentances: "Future historians may well write the epitaph of our civilization as follows: From command and tradition came stagnation and stability From liberty and science came rapid growth ...

Question consider a firm that is considering marketing its

Question: Consider a firm that is considering marketing its innovation in multiple countries. What factors should this firm consider in formulating its protection strategy? The response must be typed, single spaced, must ...

Question look up the table on ownership of us treasury

Question: Look up the table on ownership of U.S. Treasury securities in the most recent Economic Report of the President available on the Internet. 1) Make a pie chart showing the percentage owned by various groups in th ...

Question regarding utility maximization what is meant by

Question: Regarding utility maximization, what is meant by the application of the "Equimarginal Rule" and it's relevance to the marginal principle ? Discuss the concepts of utility (total & marginal), budget constraints ...

Question - a key aspect of this study is reflection about

Question - A key aspect of this study is reflection about your understandings and positionings as a pre-service teacher in relation to Indigenous Australian education. This essay is a reflective and analytical piece that ...

Question 1 according to alaskan state economist mark

Question: 1. According to Alaskan state economist Mark Edwards, the multiplier effect of Alaska's trade with Japan is such that for every $1 billion exported from Alaska to Japan another $600 million is added to the stat ...

Question internal markets define the term principal-agent

Question: Internal markets Define the term principal-agent problem. What principal agent problems exists in the market? What principal agent problems exist in a firm? What are possible solutions to principal agent issues ...

Question adult iq scores have a bell-shaped distribution

Question: Adult IQ scores have a bell-shaped distribution with mean of 100 and a standard deviation of 15. Use the Empirical Rule to find the percentage of adults with scores between 70 and 130 If 250 adults are randomly ...

  • 4,153,160 Questions Asked
  • 13,132 Experts
  • 2,558,936 Questions Answered

Ask Experts for help!!

Looking for Assignment Help?

Start excelling in your Courses, Get help with Assignment

Write us your full requirement for evaluation and you will receive response within 20 minutes turnaround time.

Ask Now Help with Problems, Get a Best Answer

Why might a bank avoid the use of interest rate swaps even

Why might a bank avoid the use of interest rate swaps, even when the institution is exposed to significant interest rate

Describe the difference between zero coupon bonds and

Describe the difference between zero coupon bonds and coupon bonds. Under what conditions will a coupon bond sell at a p

Compute the present value of an annuity of 880 per year

Compute the present value of an annuity of $ 880 per year for 16 years, given a discount rate of 6 percent per annum. As

Compute the present value of an 1150 payment made in ten

Compute the present value of an $1,150 payment made in ten years when the discount rate is 12 percent. (Do not round int

Compute the present value of an annuity of 699 per year

Compute the present value of an annuity of $ 699 per year for 19 years, given a discount rate of 6 percent per annum. As