What happens when demand decreases and supply increases? If demand decreases and supply remains unchanged, a surplus occurs, leading to a lower equilibrium price. If demand remains unchanged and supply increases, a surplus occurs, leading to a lower equilibrium price. If demand remains unchanged and supply decreases, a shortage occurs, leading to a higher equilibrium…
Category: Blog
Did knights and samurai exist at the same time?
Did knights and samurai exist at the same time? No, they did not. They never met in the same space, Japan and Europe are very far from each other. And when Europeans had contact with Japan, the era of medieval knights was long gone. Basically the famous European knights and the famous samurai never met…
Can I buy a house with a 620 credit score?
Can I buy a house with a 620 credit score? A good credit score to buy a house is at least 620, but the barrier can be much lower for government-backed loans. A good credit score to buy a house is at least 620. However, home loans backed by the US government will grant mortgages…
How much food is wasted daily?
How much food is wasted daily? Each day in the United States approximately one pound of food per person is wasted. This equates to 103 million tons (81.4 billion pounds) of food waste generated in America in 2017, or between 30-40 percent of the food supply, according to the United States Department of Agriculture (USDA)….
What can change supply and how do these reasons change it?
What can change supply and how do these reasons change it? What factors change supply? Supply curve shift: Changes in production cost and related factors can cause an entire supply curve to shift right or left. This causes a higher or lower quantity to be supplied at a given price. The ceteris paribus assumption: Supply…
Does the death penalty deter crime?
Does the death penalty deter crime? A: No, there is no credible evidence that the death penalty deters crime more effectively than long terms of imprisonment. States that have death penalty laws do not have lower crime rates or murder rates than states without such laws. The death penalty has no deterrent effect. Why did…
What credit score does synchrony bank require?
What credit score does synchrony bank require? 600-699 Should I pay for Experian? If you’re someone who routinely logs on to your credit card and bank accounts, Experian’s free credit monitoring service may suffice. But if you rarely check in on your accounts, it may be a better idea to go with one of the…
What is the most beautiful city in Portugal?
What is the most beautiful city in Portugal? What will also interest you: Sintra. One of the cities in Portugal that must be on this list is definitely Sintra. Guimarães. Considered the birthplace of Portugal, Guimarães is a wonderful city and its history dates back to the 11th century. Coimbra. Lamego. Évora. Braga. Porto. Lisboa….
What is money supply and its determinants?
What is money supply and its determinants? Thus the determinants of money supply are both exogenous and endogenous which can be described broadly as: the minimum cash reserve ratio, the level of bank reserves, and the desire of the people to hold currency relative to deposits. What is the relationship between money supply and inflation?…
Does being a scientist pay well?
Does being a scientist pay well? Depending on their specialization, scientists can earn a lot of money. Physicists, computer scientists, and paleontologists were among the most lucrative careers, earning six-figure salaries. Can a PCB student become scientist? Yes, a PCB student can become a space scientist and get into the research field after specializing in…