Best Supply And Demand Questions and Answers (Q&A) - ProProfs Discuss

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Which amongst desire, surplus, ability, willingness is not a component of demand?

O. Miller, Content Optimization Executive
Answered: Feb 07, 2019

Surplus occurs for a consumer when the difference in the price a consumer set aside or is willing to pay for a particular commodity is higher than the actual price of that commodity. It also...Read More

3 Answers

1587 views

Why are policymakers led to control prices?

John Smith
Answered: Apr 18, 2024

They view the market s outcome to be unfair

1 Answer

525 views

What should be done when there is a shortage of the product?

John Adney
Answered: May 06, 2017

In order to maintain profits the price will need to be increased.

3 Answers

520 views

What will the demand for popcorn be if buyers are required to pay a $.10 tax per bag on popcorn?

John Smith
Answered: Apr 18, 2024

Shift down by $.10 per bag

1 Answer

441 views

What is the initial impact of a tax on the sellers of a product?

Jeffusmc
Answered: Apr 18, 2024

Is on the supply of the product

1 Answer

422 views

When will a surplus occur for a product?

John Smith
Answered: Apr 18, 2024

Too high.

1 Answer

418 views

Why do landlords cease to be responsive to tenants concern about the quality of the housing under rent control?

Jeffusmc
Answered: Apr 18, 2024

With shortages and wait lists, they have no incentive to maintain and improve their property

1 Answer

412 views

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Supply And Demand Questions and Answers (Q&A)

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