What Is it Like to Be a Bat? perceptional experiences. While it is possible to imagine what it would be like to fly, navigate by sonar, hang upside down and eat insects like a bat, that is not the same as a bat's perspective. Nagel claims that even if humans were able to metamorphose gradually into bats, their brains would not have been wired as a bat's from birth; therefore, they would only be able to experience the life and behaviors of a bat, rather than the mindset. Such is the difference between subjective and objective points of view. According to Nagel, "our own mental activity is the
Excess supply supply and demand. Excess supply is one of the two types of disequilibrium in a perfectly competitive market, excess demand being the other. When quantity supplied is greater than quantity demanded, the equilibrium level does not obtain and instead the market is in disequilibrium. An excess supply prevents the economy from operating efficiently. Excess supply in a perfectly competitive market is the "extra" amount of supply, beyond the quantity demanded. As an example, suppose the price of a television is $600, the quantity supplied at that price is 1000 televisions, and the quantity demanded is 300 televisions. This illustrates that