Supply will decrease and the price will rise greatly.
If Demand is one the increase, it means that people have surplus income to spare. This is good indicator of economic growth.
prices decrease
Economic activity is the production and distribution of goods and services. Economic Activity is also correlated with Employment. If unemployement increases than the demand for goods and services decrease, however, if it decreases than on the other hand we have a higher demand for goods and services. This also benfits the triad nations as international business increases between members (USA, EU & JAPAN).
Demand also increases.
There are many economic factors that influence the demand and supply of agricultural inputs, although the main ones are, when price goes up demand goes down, when the price of one product rises this in turn increases demand for other products. The weather also plays a major part in this.
supply will decrease and price will rise greatly
If Demand is one the increase, it means that people have surplus income to spare. This is good indicator of economic growth.
prices decrease
If demand remains the same and supply increases, then the prices of goods will decrease. An over-saturated market will lower the price of the product.
Demand increases, pushing producers to increase supply --> overal demand decreases, reducing the incentivefor producers to icrease production
Economic activity is the production and distribution of goods and services. Economic Activity is also correlated with Employment. If unemployement increases than the demand for goods and services decrease, however, if it decreases than on the other hand we have a higher demand for goods and services. This also benfits the triad nations as international business increases between members (USA, EU & JAPAN).
Demand also increases.
There are many economic factors that influence the demand and supply of agricultural inputs, although the main ones are, when price goes up demand goes down, when the price of one product rises this in turn increases demand for other products. The weather also plays a major part in this.
demand = how much people want it quantity (supply) = how much you have/can sell When the demand drops, the supply increases, and when the supply increases, the demand drops, but it will turn around again, and when the supply is low, the demand increases, and when the demand increases, and the supply gets lower.
In the case of Inferior goods, the demand decreases as income increases.
Given supply, if demand of any good increases it raises the prices of the good.
When demand decreases, supply increases.