over-supply scenario
Not what you're looking for?
In most developing countries, there are long lines of taxis at airports, and these taxis often wait two or three hours. What does this tell you about the price in the market? Carefully Explain with supply and demand analysis.
Purchase this Solution
Solution Summary
Illustrates an over-supply scenario.
Solution Preview
In this situation, there is an over-supply scenario. This tells us that price ...
Purchase this Solution
Free BrainMass Quizzes
Pricing Strategies
Discussion about various pricing techniques of profit-seeking firms.
Economic Issues and Concepts
This quiz provides a review of the basic microeconomic concepts. Students can test their understanding of major economic issues.
Elementary Microeconomics
This quiz reviews the basic concept of supply and demand analysis.
Basics of Economics
Quiz will help you to review some basics of microeconomics and macroeconomics which are often not understood.
Economics, Basic Concepts, Demand-Supply-Equilibrium
The quiz tests the basic concepts of demand, supply, and equilibrium in a free market.