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What is the supply and demand theory?
what is the theory of suply and demand?
What happens to prices when demand is greater than suply?
They rise. Supply & demand.
What are the characteristics of classical economics?
the law of suply and demand
What are the Factors that influence the level of money supply?
ms word chart with gridlines
What provide time utility to buyers and sellers and aids manufacturers in managing suply and demand?
Storage
What are examples of products that have elastic demand, and why do their prices fluctuate significantly in response to changes in consumer demand?
Examples of products with elastic demand include luxury goods, such as designer clothing and high-end electronics. These products have elastic demand because consumers can easily substitute them with cheaper alternatives if their prices increase. As a result, their prices fluctuate significantly in response to changes in consumer demand because even small shifts in demand can lead to large changes in price to maintain sales levels.
Suply and demand?
Supply And Demand.Demand:- it consists of two components 1. Desire. 2. Ability.the desire component is important in the sense that only having desire for a product or service does not create demand for a product. The desire should accompany the ability component to create demand for a product and service. Therefore, we can say that demand is willingness and ability to buy something.Supply:- it means the availability of a product and service in the market.According to the law of demand and supply, when demand increases, supply shrinks which leads to increase in prices.
What is the rule of supply and demand?
Supply depends on demand.The demand is how much a product is wanted.The supply is how many of a certain product is made.It depends on demand because if a product is not getting enough demand, the supply will come to a stop or become very low.
What are examples of eight demand states in marketing?
examples for each markating demand
Why monopoly has no suply curve?
Monopoly has no supply curve because the monopolist does not take price as given, but set both price and quantity from the demand curve.
What is suply?
Supply means to furnish with something that is required: to supply the community with good government. The total amount of a good or service available for purchase along with demand.
Demand states in marketing with examples?
negative demand
