Explain why shortages and surplus are not temporary when price controls are used?

Once you have asked such a question, you are familiar with the demand curve and the supply curve. These curves usually intersect at some point. The point of intersection of these curves is called the equilibrium price, i.e. the price that suits the buyer and the seller. Entrepreneurs offer a larger number of goods if the price is high, but then the number of sales will shrink, people will not buy expensive goods. The triangle located above the equilibrium price point is formed on the chart-it is a surplus of goods on the market. A triangle, which is formed from the point of equilibrium price below, means the deficit of goods. Understandably, at a low price people are able to buy everything from the shelves of the store. I HOPE IT HELPS YOU!

the captain of a steam ship naturally chooses the shortest route to his destination. since a sailing ship is usually pushed by winds and currents, its captain must find a route where the wind will probably blow in the right direction. tacking, i.e. using contrary wind to pull (sic) the sails, was always possible but wasted time because of the zigzagging required, and this would significantly delay long voyages. the early european explorers were not only looking for new lands. they also had to discover the pattern of winds and currents that would carry them where they wanted to go. during the age of sail winds and currents determined trade routes and therefore influenced european imperialism and modern political geography. for an outline to the main wind systems see global wind patterns.

pilotage or cabotage, in one sense, is the art of sailing along the coast using known landmarks. navigation, in one sense, is the art of sailing long distances out of sight of land.[1] although the polynesians were able to sail the pacific (with great difficulty) and people regularly sailed north and south across the mediterranean, before the time of columbus nearly all sailing was coastal pilotage

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