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After the devastating tsunami of December 2004, dozens of Scientologists mobilized to effected regions of south Asia to join in the relief effort. Instead of traditional medical aid, however, these pseudo scientists provided pamphlets along with "touch assist" treatment in which they touch wounded areas with a fingertip. What might the victims have thought about the efforts of the Scientologists?
Shortage/Surplus
A shortage occurs when demand exceeds supply for a product or service, whereas a surplus occurs when supply exceeds demand, leading to downward pressure on prices.
Demand Equation
A mathematical expression that relates the quantity of a good that consumers are willing to buy to the good's price and other variables such as income and the price of related goods.
Price Floor
A government-imposed minimum price set above the equilibrium price, preventing market prices from falling below it.
Shortage/Surplus
Conditions where the quantity demanded is greater than the quantity supplied (shortage) or the quantity supplied is greater than the quantity demanded (surplus) in a market.
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