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It would increase the price of coffee available to purchase in shops.
Simply because - increasing the price to gain the 10% profit gain is easy. Selling goods at the inflated price may price you out of the market - thus you would fail to increase your market share. Customers will always want value for money !
If demand is elastic at the current price, the company knows that an increase in price would reduce total revenues.
Normally it's the other way 'round, the supply of a commodity determines the price. I assume if the price were out of line with the supply a lower price would decrease supply and a higher price would increase supply if increasing the supply were possible.
The publisher would increase the price of the book
monopoly =========== It is actually perfect competition. In a monopoly, a firm may choose to advertise to gain a better image on the market. But in a perfect competitive market, prices are set by the market (Firms are price takers), thus advertising would not increase profits at all.
A lack of product (a.k.a. a shortage) would primarily cause an increase in the price of the good or service. An increased price means more supply, but it also means less demand.
If supply increases even greater than demand the price should decrease.Legislation could reduce price irrespective of other factors.Competition from new entrants into the market would reduce price....
People would consume less of the good and look for substitutes. (study islands)
Because if it set its price higher than the current market price, it would not sell anything; and if it set its price lower than the current price, it would sell all of its product, but it would not make an economic profit. Understand, however, that this does not happen in real life, because in real life, there is no such thing as a perfectly competitive market.
cue to increase of electricity and water
An increase in income would change a person purchasing power. This would lead to an increase in demand for normal goods. Normal goods are goods that you would buy more of the greater your income is. An increase in population would also increase demand as there are now more people in the market to buy the goods.