Supply and Demand. When the supply of an available product goes up, the price goes down - unless the merchant can do something to increase the demand for the product as well. The "something" is generally "advertising".
If the demand for a product goes up, the price will generally also rise, which will either lower demand (fewer people want to pay the higher price) or increase supply (another merchant starts selling an equivalent product).
quantity supplied
when the price of a commodity is high,consumers will go for another product almost the same as the one that the price is high,so that makes the quantity demanded of the commodity that the price low and vice versa
the market demand curve is the curve related to the demand of the commodity demanded by the group of people to the at different price.
increased demand
When a particular commodity is demanded for its own sake it is known as autonomous demand. Demand for house is an example for autonomous demand.
true
quantity supplied
The law of demand states that all other things being equal, as the price of a commodity falls quantity demanded increases and vice versa.
when the price of a commodity is high,consumers will go for another product almost the same as the one that the price is high,so that makes the quantity demanded of the commodity that the price low and vice versa
the market demand curve is the curve related to the demand of the commodity demanded by the group of people to the at different price.
increased demand
When a particular commodity is demanded for its own sake it is known as autonomous demand. Demand for house is an example for autonomous demand.
Characterstics of demand curve are-- 1) It is a curve from left to right 2) It shows the quantity demanded and price of a commodity 3) Higher the price lesser is the quantity demanded and vice-versa
The price determinates are the factors that will determine the price of a particular commodity, These factors are quantity supplied, quantity demanded and the cost of production.
The price determinates are the factors that will determine the price of a particular commodity, These factors are quantity supplied, quantity demanded and the cost of production.
Yes, the noun 'demand' is an abstractnoun; an urgent requirement or request; the amount of a commodity that consumers are willing and able to purchase; a word for a concept.The word 'demand' is also a verb: demand, demands, demanding, demanded
direct