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What causes surplus and shortages?
A change in price causes both Surplus and Shortages. Surplus means in excess (having too much). For example, if a store which sold an item for 10 dollars decided to change the price to 12 dollars, most people would not want to buy that item at the new price (especially if they're used to the old price). The store would end up having too much (Surplus) of that item because nobody is buying it due to the increase in price from 10 dollars to 12 dollars. As for shortage, if the same store which sold an item for 10 dollars decided to sell that item for 8 dollars instead (it went on sale) then more people would buy the that item at a faster rate. So much faster that the store would not be able to order more in time to satisfy every customer. Resulting in a shortage (not having enough).
What is the validity of law and demand?
This is how much the consumer will want the product at a certain price. The higher you price the item, the fewer people who will demand it.
What is the relationship between the price of an item and the quantity demanded?
It is a direct relationship. As demand for an item rises, all else equal, price for an item will rise.
What accurately describes Adam Smiths concept of the natural price?
The price of any item that is equal to the costs of producing it.
What happens when the price of item a increases?
the supply of the item will decrease
How much are swordfish on RuneScape?
currently the price for uncooked swordfish is: 170-190 and the price for a cooked swordfish is: 142-172 of course these prices will change as does almost every item does because the grand exchange prices are based on supply and demand therefore if a lot of people want an item but there are not many people selling them the price of the item will go up and if there are more people selling than buying the price will go down so these prices are just for today and will change a lot over time
What is the most recent price change item on marapets?
that always changes, there is the price change page you should go to to check the current change
How much are safety gloves in runescape?
Since item prices change all the time, it is best to look up the current price, on the Grand Exchange.Since item prices change all the time, it is best to look up the current price, on the Grand Exchange.Since item prices change all the time, it is best to look up the current price, on the Grand Exchange.Since item prices change all the time, it is best to look up the current price, on the Grand Exchange.
What is the definition of regular price?
The regular price of an item is the non-sale price of that item.
Why the price isn't store on the bar code?
because each store may have a different price for the item. If you were to store the price on the barcode you would then have to go to every item when a price change occured and update the barcode. To just associate a price with a barcode in a computer is a much more efficient practice.
What internal factors that the firm has control over affects stock price?
Some internal factors that affect stock price include product quality and the price of the item. When more people purchase the item the stock price will ultimately increase.
Locating the Best GPS Price on the Internet?
When trying to find the best GPS price, some people might think that they have found it at one particular site. There is always a chance that another website will have a better price, whether that price is the result of a recent change in the cost of an item or just their regular low price.
What causes surplus and shortages?
A change in price causes both Surplus and Shortages. Surplus means in excess (having too much). For example, if a store which sold an item for 10 dollars decided to change the price to 12 dollars, most people would not want to buy that item at the new price (especially if they're used to the old price). The store would end up having too much (Surplus) of that item because nobody is buying it due to the increase in price from 10 dollars to 12 dollars. As for shortage, if the same store which sold an item for 10 dollars decided to sell that item for 8 dollars instead (it went on sale) then more people would buy the that item at a faster rate. So much faster that the store would not be able to order more in time to satisfy every customer. Resulting in a shortage (not having enough).
What is the average price of the Fisher Price Little People Discovery Airport?
The average price of the Fisher Price Little People Discovery Airport is roughly $40. You can purchase this item online from retailers such as Amazon.
If you sold an item for 20.00 and included sales tax and your sales tax rate is 7.3 what was the item price before sales tax?
The easiest way to understand the answer is to turn it around. If you wanted to calculate the item price plus tax, you would multiply the item price by 1.073. So, to back up to the item price from the item price plus tax, divide the item price plus tax by 1.073. $20.00 / 1.073 = item price before sales tax.
How can we find the maximum selling price?
Keep putting the selling price up until people stop purchasing the item.
What Another name for a item at discounted price?
items on reduced price, or low price item. Sale price, loss leader, offer price.
