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How population affects demand?
Population directly affects demand by influencing the number of people who require goods and services. A larger population typically translates to higher demand, as more individuals need products for their daily lives. On the other hand, a smaller population may lead to lower demand for certain items.
What happens when there is too much demand for available goods and services?
When there is too much demand for available goods/services, there is a shortage. To meet this excess demand, firms increase production (at higher costs) until demand = supply. Thus, a shortage generally implies price is too low.
How much money is a limousine worth?
The value of a limousine can vary widely based on factors such as make, model, age, condition, and custom features. Generally, new limousines can range from $50,000 to over $150,000, while used ones can be found for significantly less, often starting around $20,000. Specialty or stretch limousines may command higher prices due to additional customizations. Ultimately, the worth of a limousine depends on its specific characteristics and market demand.
What are the benefits of having it support services?
As your company grows, their will be a higher demand for your services. Having an I.T. support service will help take the burden of having to satisfy everybody.
How does supply and demand affect the price of a product?
the higher the demand the higher the price.the lower the demand the lower the price.
How do the changes of demand affect the price?
Higher demand, the higher the price goes. Remove the demand for something and then the price drops.
What is a private driver called?
A private driver is often referred to as a chauffeur. Chauffeurs are professional drivers who are hired to transport individuals or groups in a private vehicle, typically providing a higher level of service and discretion. They can work for private clients, companies, or limousine services.
What are the problems of overcrowding in Tokyo?
overcrowding in Tokyo city is increasing! problems that are able to occur due to overcrowding: -more demand for housing and spacing (resulting in less environment) - more garbage and solid waste pollution -high demand of services -traffic congestion -drainage of natural resources -long waits -higher rate of unemployment -offensive odours -higher costs for goods and services -higher rents and fees -land and Realestate value is driven to a premium
What is derivation of law of demand?
Law of demand is the higher the price the lower of goods demand for
If I come and population increase what tends to happen to demand curves?
When population increases, the demand curves for many goods and services typically shift to the right, indicating an increase in demand. This shift occurs because more people generally leads to greater consumption needs and preferences. As a result, prices may rise if the supply of those goods and services does not keep pace with the increased demand. Ultimately, this can lead to higher equilibrium prices in the market.
Which best describes one of the ways that demographics of an area affect the price of housing in the area?
An area with younger people will have a higher demand for rentals and a lower demand for buying
Whats the definition of economic activity?
Economic activity is the production and distribution of goods and services. Economic Activity is also correlated with Employment. If unemployement increases than the demand for goods and services decrease, however, if it decreases than on the other hand we have a higher demand for goods and services. This also benfits the triad nations as international business increases between members (USA, EU & JAPAN).
