WHAT IS ABNORMAL SUPPLY AND ABNORMAL DEMAND
2 answers
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Abnormal demand --
Everyone in the city of Austin, TX, was put on a boil-water notice a few weeks ago because their city water plant was overwhelmed by floodwaters coming from the north. Suddenly, the stores ran out of bottles and cases of drinking water! That's an abnormal demand.
Abnormal supply --
After the boil-water notice was cleared, suddenly many stores had a vast surplus of cases of drinking water in storage.
Everyone in the city of Austin, TX, was put on a boil-water notice a few weeks ago because their city water plant was overwhelmed by floodwaters coming from the north. Suddenly, the stores ran out of bottles and cases of drinking water! That's an abnormal demand.
Abnormal supply --
After the boil-water notice was cleared, suddenly many stores had a vast surplus of cases of drinking water in storage.
1 answer