Shortage occurs when demand exceeds supply at market price. Market equilibrium is restored through product replenishment. Shortages differ from scarcity, which is systemic and cannot be resolved
Demand refers to consumers' willingness to purchase goods at specific prices. Price increase leads to decreased quantity demanded, decrease leads to increased quantity. Market demand is total quantity demanded by all consumers for a good. Aggregate demand represents total demand for all goods in an economy
Netflix's League of Legends adaptation follows sisters Vi and Jinx in Piltover-Zaun war. Series received praise for sharp storytelling and animation style
Refund request letter outlines unsatisfactory product/service and payment request. Letter includes customer details, purchase information, and reason for dissatisfaction. Transaction receipt should be attached as proof of transaction
Marginal revenue is the additional revenue from selling one more unit of product. It can be positive or negative and is crucial for firm analysis. Profit maximization occurs when marginal revenue equals marginal cost
Letter should start with brief introduction about yourself. Describe events that led to hotel reservation. Explain how reservation affected your life and finances. Include room type, dates, and amenities details. Provide confirmation number and contact information