Surplus

The surplus is a condition under that supply for a good or service is in excess of the demand for that good or service. When this happens, there is commonly a reduction in price to restore market equilibrium in the short term.

Posted Date: 10/16/2012 7:09:47 AM | Location : United States

Ask an Expert

Related Discussions:- Surplus, Assignment Help, Ask Question on Surplus, Get Answer, Expert's Help, Surplus Discussions

Write discussion on Surplus
Your posts are moderated

Write your message here..

Related Questions

possibility production curve, how does the concept of possibility producti... how does the concept of possibility production curve aplicable in real life?

Private and social benefits, Private and Social Benefits Private benef... Private and Social Benefits Private benefits are those which accrue to an individual. They may be both monetary and non monetary, direct and indirect. Earnings of an individua

Simultaneous equation methods of forecasting, The economic model forecastin... The economic model forecasting involves estimating several simultaneous equations which are generally behavioural equation mathematical identities and market clearing equations. T

What is the concept of the development, What is the concept of the developm... What is the concept of the development? The concept of the development: Development is a complicated multi-dimensional concept to do along with enhancements in the human

Reasons for development planning, Reasons for development planning: To... Reasons for development planning: To maximize the utilization of economic resources: The resources of any nation are not always enough for her use. In this wise, resources mus

Rent, quasi rent theory quasi rent theory

Theory of customs union, THEORY OF CUSTOMS UNION: A customs union is a... THEORY OF CUSTOMS UNION: A customs union is an association of two or more countries to encourage trade. The countries making such an arrangement agree to eliminate tariffs and

Risk aversion and indifference curve, Risk Aversion and Income - Variab... Risk Aversion and Income - Variability in potential payoffs increases risk premium. - Example: A job has a .5% probability of paying $40,000 (utility of 20) and a 5 p

Supply/Demand Curve, So there''s an article about how a company wants to ex... So there''s an article about how a company wants to expand its services overseas to another country. I don''t get what will happen to the supply and demand curve. There has to be

Manegerial economics, baumol''s sales maximasation model baumol''s sales maximasation model