What is meant by surplus? - Answers
Being more than or in excess of what is needed or required. In accounting a non-profit organisation does not make a profit; any excess income over expenditure is called a Surplus instead.
What is the benefit of having surplus food? - Answers
Oct 25, 2022 · Therefore, individual families needed to stock up on their own surplus food stuffs.The term "surplus" food came about after the First and Second World Wars, when most Americans had already moved ...
What is a water surplus? - Answers
Apr 28, 2022 · Producer surplus will decrease as well because neither is at the equillibrium. There will be a surplus leftover after the price increases. Once the supply is decreased, consumer surplus will decrease.
Definition of consumer surplus? - Answers
Consumer surplus - the difference between what a consumer is willing to pay and what they actually pay. Aggregate consumer surplus measures consumer welfare Tags Business & Finance Economics
What is the definition of a surplus? - Answers
A surplus is having too much of something. Wiki User. ∙ 10y ago. This answer is:
What is the difference between marketable surplus and ... - Answers
Dec 17, 2022 · What is customer surplus and producer surplus? Consumer surplus is the difference between the maximum amount a person is willing to pay for a good and its current market price.
What is surplus food? - Answers
Apr 28, 2022 · More food than is needed at the time.The word surplus means you have more than enough of something, more than is needed. So a surplus of food is when there is extra food, more than is necessary ...
What did a surplus in food allow people to do? - Answers
Aug 23, 2023 · When the people of Mesopotamia has a surplus of food, they were free to cook a variety of foods. The overabundance of food allowed them to enjoy quality meals throughout the year with no rationing.
What is the surplus level of production? - Answers
Apr 28, 2022 · What is subsistence level of production? A subsistence level of production is the bare minimum level of production that is needed. This concept can be applied to different situations.
What happens to prices when there is a surplus? - Answers
Apr 28, 2022 · Consumer surplus generated by lower prices can be offset by demand of product. The above answer overlooks the obvious answer, which is that the increase in the price of a product(s ) will decrease ...