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According to the law of supply and demand a high supply with a low demand results?
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Why is platinum expensive?
Platinum is extremely rare. This limited supply, coupled with its diverse uses and the high desire created, results in its high price (basic principle of supply and demand).
If demand and supply is limited but the demand is high how would the price be affected?
yes, because supply is limited and the demand is high then pretty much the price will be affected. since the shortage of supply, and high demand, then price will be high price and very expensive
What is in a free enterprise economy supply and demand affect the of a product?
In a free enterprise system, when supply is low and demand is high, prices are higher, but when supply is high and and demand is low, prices are lower.
Why do the prices of fresh vegetables fall when they are in season and draw supply and demand diagrams to illustrate?
It is supposed to be the optimal meeting of demand and supply. There is a high demand for fresh vegetables, which are flavorful and healthy. There is an equally high supply. Buyer and producer each meet their needs. Prices go up if supply is low, demand high. Prices go further down if supply is high, demand low.
Why demand curve slops downward from left to right?
The demand / supply graph is designed to have supply on the vertical axis (Y) and demand on the horizontal (X). Thus you will have a higher supply = lower demand, or lower supply = high demand.
How does supply and demand affect the market structure?
businesses can charge more if supply is limited and demand is high
What happens when supply is high and demand is high?
Then price stagnates.
What products are high in supply and low in demand?
very high
The natural forces of supply and demand?
The biggest force of supply and demand relates to price if there is a low supply and and a high demand , the supply goes to those that are willing to pay the most.
What does an increase in supply of an item usually mean for a consumer?
lots of supply and low demand = lower prices lots of demand and low supply = higher prices demand and supply high = normal prices demand and supply low = normal prices
What are the Law of Supply and Law of Demand?
In economics, when a commodity is in high demand or in scarce supply, its price will rise; when a commodity is in low demand or plentifully supplied, its price will be lower.The laws of supply and demand dictate that if a product is in short supply, but the demand is high, the price of the product will also rise. If a product is in overabundance, but the demand is low, the price of the product will decrease.
What are high prices often caused by?
low supply high demand.
