lexiberman101
Answered

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If the quantity demanded of a new mountain bike is 8000 and the quantity supplied is 6000 Then?


A. There is a surplus of 2,000 bikes

B. There is a shortage of 2,000 bikes

C. There is a shortage of 14,000 bikes

D. There is a surplus of 1,000 bikes

Sagot :

thompcd

Answer: so B

I believe it is ¨there is a shortage of 2,000 bikes¨ because if they demand 8,000 bikes but only make 6,000 bikes there is a shortage of 2,000 bikes

AnimeBrainly

Answer:

B. There is a shortage of 2,000 bikes.

Explanation:

This is essentially "supply and demand". The quantity supplied is the available amount of bikes that can be sold right now, which is 6,000 units. However, the demand asks for 8,000 units, meaning that they will have to produce another 2,000 units to meet the demands.

How can this be solved?

In a perfect world, if the company cannot meet the demands, they will then increase the price of their product to lower demands artificially. As a mountain bike is not a necessary item, it may not be seen as price-gouging.

Price-gouging, by definition, is illegal on consumer goods and services that are necessary. While it may depend on state laws (as there is no federal law on price-gouging), there are federal antitrust laws that prevent price gouging.

Learn more about price-gouging, here:

https://brainly.com/question/23798613

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