When The Quantity Supplied Is Greater Than The Quantity Demanded What Is The Condition Known As? Excess Demand: the quantity demanded is greater than the quantity supplied at the given price. This is also called a shortage. Excess Supply When the quality supplied is greater than the quantity demanded What is the condition known as?
What Were The Underlying Conditions That Lead To The Collapse Of The US Economy? Huge unemployment led to the collapse of the US economy that was caused by the stock market crash, the little money that was left at the banks the people drew it out, the collapse of businesses because the factories had to
What Happens During A Recession Period? A recession is when the economy slows down for at least six months. That means there are fewer jobs, people are making less and spending less money and businesses stop growing and may even close. Usually, people at all income levels feel the impact. … When these measures are
Why Was Gas $4 A Gallon In 2008? The main reason for the price hike was record highs in crude oil prices, Lundberg said. The area with the highest average gas prices was Stockton, Calif., which posted $4.41 per gallon. Why did natural gas prices drop in 2008? Economic recession and falling prices (Oct 2008-
How Did Underconsumption Lead To The Stock Market Crash Of 1929 And The Great Depression? An example of underconsumption is the automobile industry during the Great Depression. … When the stock market crashed and the effects of the Great Depression took hold, many Americans became unemployed and encountered financial troubles, resulting in less purchasing power
How Do Prices In A Market Economy Serve As A Signal To Producers And Consumers? Prices serve as a signal to both consumers and producers. Prices can assist consumers to decide if they have the desire, ability, and willingness to go through with the purchase (demand), and it helps the producer decide what to produce,
What Are The Signs Of Low Inflation Check All? Demand steadily rises. Demand steadily falls . Prices continue to increase. Prices continue to decrease. What are the signs of high inflation check all? Interest rates increase. Purchasing power falls. Fewer fixed rate bank loans . Production begins to fall. What are the signs of low
What Do Falling Prices Signal In A Market Economy? Rising prices give a signal to consumers to reduce demand or withdraw from a market completely, and they give a signal to potential producers to enter a market. Conversely, falling prices give a positive message to consumers to enter a market while sending a negative signal
What Is The Difference Between Inflation And Deflation Quizlet? What is the main difference between inflation and deflation? Inflation is an overall increase in price, and deflation is an overall decrease in price. What is the difference between inflation and deflation inflation can result? What is the difference between inflation and deflation? Inflation can result