What is the process by which the market system allocates goods and services to consumers when quantity demanded exceeds quantity supplied?

Question

19-08-2022
Social Studies

contestada

What is the process by which the market system allocates goods and services to consumers when quantity demanded exceeds quantity supplied?

Respuesta :

ACCESS MORE ACCESS MORE ACCESS MORE ACCESS MORE

Otras preguntas

A greenhouse room at the botanical garden is in the shape of a hemisphere the height at the center of the dome is 24 feet what is the volume of air in the room

Mr. Trager has $500.00 to spend at a bicycle store. All prices listed below include tax. . He buys a new bicycle for $273.98. . He buys 3 bicycle reflectors for

Which of the following describes the characteristics of a solid? a.Particles are packed closely together in an organized way and maintain their set shape and

The amount of polonium-210 remaining, p(t), after t days in a sample can be modeled by the exponential function p(t) = 100e−0.005t, where 100 represents the ini

Andrew has a different cookie recipe that makes 28 cookies. He plans to have 21 guests at the party and wants each guest to have plenty of cookies. If he triple

Which of the following is true of all geographic locations on Earth? A. They receive the same number of daylight hours over the course of a year. B.

what air pollutant that is released due yo human activity? A) carbon dioxide B) nitrogen dioxide C) toxic dioxide D) all of these are air pollutants caused

Doreen has a large sandbox that holds twice the amount of sand that her small sandbox will hold the small sandbox is 3 ft by 2 and 1/2 ft by 1ft how much sand c

disruption of water cycle

Tutorconsortium365 Tutorconsortium365 · Answer 1 · 2022-08-24T12:01:33+02:00

It ultimately determines both the allocation of resources among producers and the final mix of outputs. The process by which the market system allocates goods and services to consumers when quantity demanded exceeds quantity supplied. The adjustment of price is the rationing mechanism in free markets.

What is consumers?

An identification plate made of metal or plastic that is used to identify a car, truck, trailer, or other moving object is known as a "vehicle registration plate" (also known as a "number plate" in British English), "license plate" (in American English), or "licence plate" (in Canadian English). Road vehicles, including cars, trucks, and motorcycles, must have license plates in all countries.

They might also be required for other sorts of vehicles, such as bicycles, boats, or tractors, depending on the jurisdiction. The registration identifier—a numeric or alphanumeric ID—uniquely identifies the car or its owner in the region's vehicle registry. The identification is exclusive to a specific state or province in some countries, but not to the entire country in others.

To learn more about consumers from the given link:

https://brainly.com/question/3096413

#SPJ4