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If 200 jobs are available and only 100 people are unemployed what will have to happen according to the laws of supply and demand?
Wiki User
∙ 14y ago
Companies needing employees will need to increase payWages will rise.
Wiki User
∙ 14y ago
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What would propably happen to the value of bauxite if its supply suddenly increased and why?
According to the general rules of supply and demand, the value of any given commodity is inversely proportional to its availability. That is, the more readily available something is, the less valuable it tends to be.
What will happen if the demand curve goes up?
it means that the price is higher and demand of products is high
What will happen to demand for a commodity if the price of its complementary falls?
Complement goods are those goods which uses collectively or side by side e.g petrol and cars. If the demand of one good changes then demand of other good move in the same direction. If the price of product complementary falls then the demand of complementary product increases according to the demand law which in turn increase the demand of product. Suppose the prices of petrol falls which will increase the demand of petrol which in turn in increase the demand of cars.
What has to happen to both the supply and demand for corn in order for the price to rise?
the supply has to go down and the demand rise
How will future expectations will affect demand?
it will happen by price changing.
According to Adam smith what happen when the demand for a product decreases?
Supply increases.
What will happen when the demand for a product increases according to Adam Smith?
Supply increases.
What would happen if you were unemployed in Elizabethan times?
you would die
What would propably happen to the value of bauxite if its supply suddenly increased and why?
According to the general rules of supply and demand, the value of any given commodity is inversely proportional to its availability. That is, the more readily available something is, the less valuable it tends to be.
What happen when the demand for a product?
When demand decreases, supply increases.
What happen in the supply and demand regarding land?
Supply is inelastic and demand is elastic for land.
What will happen to price if the demand for ethanol increase?
If the demand for ethanol increases the price will also increase.This is based on price elasticity of demand.
What will happen if the demand curve goes up?
it means that the price is higher and demand of products is high
What will happen to demand for a commodity if the price of its complementary falls?
Complement goods are those goods which uses collectively or side by side e.g petrol and cars. If the demand of one good changes then demand of other good move in the same direction. If the price of product complementary falls then the demand of complementary product increases according to the demand law which in turn increase the demand of product. Suppose the prices of petrol falls which will increase the demand of petrol which in turn in increase the demand of cars.
What has to happen to both the supply and demand for corn in order for the price to rise?
the supply has to go down and the demand rise
How will future expectations will affect demand?
it will happen by price changing.
What would happen to supply if demand when up?
supply will increase.
