Ask Question
BusinessBusiness
Today, 05:26

What happens when the demand is greater than the supply of goods

+3
Answers (2)
  1. Today, 06:44
    0
    When the demand is greater than the supply of goods, the price of that good will go up because there is less of it. The people who made the product need to be paid, and the people who distributed it need to be paid, and everyone else who had a hand in it needs to be paid. So if there are tons of a product, then the price will be cheaper because the company can afford it. But, if there is not a lot of a product, then the price needs to be higher because there is only a limited stock. Did I explain everything clearly? Have a nice day!
  2. Today, 09:00
    0
    A shortage will occur
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “What happens when the demand is greater than the supply of goods ...” in 📘 Business if you're in doubt about the correctness of the answers or there's no answer, then try to use the smart search and find answers to the similar questions.
Search for Other Answers
You Might be Interested in
Patrick guitman wants to protect himself against losses in his investments after the purchase. to do this, he should monitor the value of his investments to determine if he should hold, sell, or increase his stake in a specific investment.
Answers (1)
Which action is among the recommendations for decreasing global hunger in the long run?
Answers (1)
Making a down payment on a loan will A) discourage punctual loan payments B) increase the length of a loan C) make a borrower seem less stable D) decrease the amount of interest paid
Answers (1)
The account used to close the temporary accounts (revenues and expenses) before the finish of the accounting cycle is
Answers (1)
Based on predicted production of 23,000 units, a company anticipates $414,000 of fixed costs and $362,250 of variable costs.
Answers (1)
New Questions in Business
Annie, a member of an ongoing systems development project, is an information systems manager who reports to jake-head of the information systems department.
Answers (1)
Fontana Manufacturing provided the following information for the month ended March 31: Sales Revenue $26,000 Beginning Finished Goods Inventory 8000 Ending Finished Goods Inventory 13,500 Cost of Goods Manufactured 15,600 Compute cost of goods
Answers (1)
Devon is in the market for a new car. After having done her research, she has determined that the Jeep Grand Cherokee is the best car for her, as she enjoys and regularly participates in outdoor recreational activities.
Answers (1)
Quantas Industries sold $300,000 of consumer electronics during January under a one-year warranty. The cost to repair defects under the warranty is estimated at 6% of the sales price.
Answers (1)
Two methods of accounting for uncollectible accounts are the A. direct write-off method and the allowance method. B. allowance method and the accrual method. C. allowance method and the net realizable method. D.
Answers (1)
Home » Business » What happens when the demand is greater than the supply of goods
Sign Up Forgot Password?