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Dalton and neighboring towns produce most of the worlds supply of what product?
Wiki User
∙ 12y ago
They produce the most of the world's carpet.
Wiki User
∙ 12y ago
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What is the relationship between money and production?
As a basic law of economics, production and supply go hand in hand. At first, if you produce something people want, you make money by selling it. If you keep producing, you make more money. But if you produce too much, and there is no longer a demand for the product, you will not make as much money. so, as production increases, money increases until you reach the point where supply and demand are equal.
What if demand and supply don't intersect?
If demand and supply don't intersect on the positive quadrant of the graph, then producing and selling the product isn't feasible. There are things that can adjust the two lines so that they do intersect on the positive quadrant, such as lowering the cost of production to better facilitate supply.
Major products of Sweden?
Sweden's many forests of spruce, pine and other softwoods supply a highly developed sawmill, pulp, paper and finished wood product industry. Also known for Volvo and SAAB.
What is ac and DC supplies?
AC supply means the supply voltage is alternating one. Supply has some particular frequency and magnitude. e.g. usual power supply to domestic use DC supply means the supply voltage (or current) is not alternating. It is fixed one. i.e. frequency is zero. e.g. batteries
What are the ingredients of maxman ultimate?
The lack of information provided by MaxMan, although their product may supply all the profits touted, and their manufacturer leads to uncertainty in its safety and credentials. The manufacturer does not have a functioning website, or a process of contacting their company should a concern occur with its use. The absence of product information, clinical studies or the efficacy of this product leaves its safety, efficacy in question. For anyone seeking an inexpensive and effective alternative to MAXMAN try Sikander-e-azam plus.You will be amazed at the results.
The general willingness of firms to produce and sell a product at various prices is?
The general willingness of firms to produce and sell a product at various prices is known as supply.
How is supply affected by government subsidies?
When the government subsidizes a particular product, such as wheat, it becomes more profitable to produce and therefore the supply increases.
The amount that firms will produce and sell the specific price?
The amount of product a firm is going to produce depends on the quantity demanded by the people. In economics it is called the supply.
What does a supply schedule show in a table format?
a list of the amount of a product that producers are willing to produce at various market prices
How is the price affecting the demand and supply in the communities?
We can't be very specific since you have not told us which product you are asking about, however, in general, higher prices lead to less demand and more supply. People become more reluctant to buy a product as it becomes more expensive, and people are more willing to produce a produce as it becomes more profitable.
What does supply mean in economics?
Supply is the amount of a product.
What is understocking?
Understocking involves supply and demand. When a company that produces a product understocks, this means that they produce less of the product than is in demand by consumers. In theory, this could be used to increase the demand of the product, therefore increasing the amount that a company can charge for the product. A company's goal is to produce enough of a product to meet, or only slightly less than meet the demand of said product. too much understocking, and the company doesn't sell enough of the product, and they lose money. If they produce too much of the product, than they don't sell their inventory, and prices go down, thus losing money.
What would most likely happen to the price of a product if the supply of that product decreased?
Supply is inversely proportional to inflation, so the priceof the product will decrease
Why is aggregate supply related to the price level?
This is in accordance to the Demand & Supply Theory... When the demand for a product is high and its supply is low, this usually causes the price of that commodity to increase Similarly when supply for a product is high and the demand for that product is low, it causes the price of that product to decrease. Hence the supply is inversely related to the price of any product (Provided the Demand is in accordance to the two points mentioned above)
Which of these statements refers to the law of supply?
producers will supply as the good price Producers will supply more of a product as the price goes up. A+
How might you calculate elasticity of supply?
Elasticity of supply is the amount a price changes based on changes in supply. An elastic good's price will change as the price changes. If the good is inelastic, as the supply of the product changes, the price does not change. Inelastic curves are very straight up and down. Elastic curves are straight horizontally. Elasticity of supply is an important factor for business managers. Business managers want to know how the price they offer for their product will change based on how much they produce.
What businesses or companies produce?
Supply
