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John works for Internal Computer Specialists, which focuses on helping small business owners resolve MIS infrastructure issues.John's tasks include cleaning and replacing motherboards, cables, and internal components such as DVDs and hard drives.What does John's role at Internal Computer Specialists focus on fixing?
Surplus
The amount of an asset or resource that exceeds the portion used. In economics, it refers to a situation where supply exceeds demand.
Shortage
A situation in which demand for a good or service exceeds the available supply at the current price.
Market Equilibrium
Market equilibrium is the point where the supply of goods matches demand, leading to a stable market price.
Equilibrium Price
The rate at which the supply of a commodity or service aligns with its demand in the market.
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