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Well, no. They are perpendicular lines.
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∙ 11y ago
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Which of the following explains why scarcity is a basic fact of life?
demand will always be greater than supply
Can supply create its own demand?
Yes demand can create its own supply, the Keynesian economist view believed this. Markets will always try to meet demands because they want to gain the most they can from it therefore will create a supply to match demand.
The supply and demand of a Ferrari is the same?
The demand for a ferrari is very high, and with very limited production it means the supply is very low. Meaning for whatever supply they put out the demand is always met.
Why scarcity is basic fact of life?
demand will always be greater then supply
Demand rises and supply is constant?
No. If demand rises, then supply falls. Transveresly, if demand falls, then supply rises.
Do supply demand curve always shift in parallel fashion?
Well, no. They are perpendicular lines.
Which of the following explains why scarcity is a basic fact of life?
demand will always be greater than supply
Can supply create its own demand?
Yes demand can create its own supply, the Keynesian economist view believed this. Markets will always try to meet demands because they want to gain the most they can from it therefore will create a supply to match demand.
The supply and demand of a Ferrari is the same?
The demand for a ferrari is very high, and with very limited production it means the supply is very low. Meaning for whatever supply they put out the demand is always met.
Relationship between demand and supply?
1:inverse relationship between supply and demand 2:supply depends upon the demand of a commodity, that it might be positive or negative. 3:supply always depends upon demand but demand never depends to supply. 4:a supply never affects the demand of a commodity but demand always affect to its supply. 5:demand is the initial stage but supply is the stage after demand. 6:supply have a positive relations to price whereas demand has a negative relations with price. 7:supply and price has a direct relations or positive relation. 8:law of supply relates to the price and supply of a particular commodity in a particular time period. 9:price has a connections with demand and supply that it affects both supply in a positive way and demand in a negative way and if price changes then both demand and supply will change. 10:demand curve shows the changes positions of demand in a different price level of a particular commodity where demand schedule also shows the changes positions of demand in a different price level of a particular commodity, hence both have a common objectives to depict the same result in a different way.
Why scarcity is basic fact of life?
demand will always be greater then supply
Why scarcity is a basic fact of life?
demand will always be greater then supply
Demand rises and supply is constant?
No. If demand rises, then supply falls. Transveresly, if demand falls, then supply rises.
What happens if there is not enough supply for the demand?
If there is not enough supply for the demand, the demand won´t be able to buy the supply
Law of demand and supply?
Consumers is the law of supply and demand.
Sentence with supply and demand?
Her supply of tight sweaters increases the demand for her as a date on the weekend.
What happens if theres more demand than supply?
When there is more supply than demand, there is commonly a drop in price of the product in an effort to increase the demand and achieve the equilibrium between supply and demand once again. Supply and demand are like a see-saw. As supply goes down, demand goes up; as demand goes up, supply goes down.
