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If supply is greater then the demand then the price is lower but if the demand is higher then the supply then the price is higher due to rarity. :)
Leann Raynor
Wiki User
∙ 13y agoPrice does not often affect demand and supply. This is a cause and affect relationship. The affected is usually the price. Demand and supply are the cause. As demand for a certain item goes up, the price will follow, because more people will be willing to pay more money to own one. However, if demand is low and supply is high, the price will likely drop as the supplier will want to move stock. Price can sometimes lower demand though. If the price ventures too high, and enough people see that they are paying too much for a product, the demand will drop, likewise if the price is too low and the consumer sees that they are getting a good deal, the demand will go up.
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What factor affect price?
What factors usually affect pricing?
How do supply and demand laws affect holiday gifts?
The demand and supply law plays a crucial role in the pricing of these products based on popular demand.
A system where supply and demand affect the production and pricing of goods is called what?
Morse telegraph system.
What are factors that affect a product price?
"What factors affect the pricing of Fast Moving Consumer Goods?"
What effects supply and demand?
Fluctuations in the price of goods. The affect of demand on price is directly proportional and supply's affect on price is indirectly proportional.
What factor affect price?
What factors usually affect pricing?
How do supply and demand laws affect holiday gifts?
The demand and supply law plays a crucial role in the pricing of these products based on popular demand.
A system where supply and demand affect the production and pricing of goods is called what?
Morse telegraph system.
What are factors that affect a product price?
"What factors affect the pricing of Fast Moving Consumer Goods?"
What effects supply and demand?
Fluctuations in the price of goods. The affect of demand on price is directly proportional and supply's affect on price is indirectly proportional.
If people decided to have more children doest it affect to demand and supply?
If significant numbers of people decided to have more children, it may affect supply and demand. It would lead to more demand and less supply.
How does supply and demand affect the market structure?
businesses can charge more if supply is limited and demand is high
How the increase in expansion affect the demand?
Increase in expansion affect the demand because more supply/expansion with constant demand will lead to excess in expansion which affect the demand.
Should you think about supply and demand when considering your future career?
1. How do supply and demand affect choices?
What is the importance of price elasticity of demand in decision making with regards to choosing the best pricing strategy to maximize revenue?
Supply + Demand = Price
What are the factors affecting Demand and supply of goods?
price is the main factor which affect demand and supply and other factors which affect demand and supply are change in income weather change living standard of people alternative things superior to inferior
Can factors that effect demand also affect supply?
no
