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How does a change in supply or demand of a substitute good affect supply and demand?
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What are the factors affecting Demand and supply of goods?
price is the main factor which affect demand and supply and other factors which affect demand and supply are change in income weather change living standard of people alternative things superior to inferior
How can supply and demand can affect jobs stability and income?
They can change the amount of income you earn!
For a given increase in supply the slope of both demand curve and supply curve affect the change in equilibrium quantity Is this statement true or false Explain with diagrams?
For a given increase in supply the slope of both demand curve and supply curve affect the change in equilibrium quantity Is this statement true or false Explain with diagrams?
Demand side and supply side shocks?
Supply shocks are unexpected events that suddenly change commodity or service prices. A demand side shocks affect demand in one or more countries and may include an unexpected change in interest rates. Supply side shocks affect prices and costs in countries and can include a construction or capital investment boom.
What effects supply and demand?
Fluctuations in the price of goods. The affect of demand on price is directly proportional and supply's affect on price is indirectly proportional.
If people decided to have more children doest it affect to demand and supply?
If significant numbers of people decided to have more children, it may affect supply and demand. It would lead to more demand and less supply.
How does supply and demand affect the market structure?
businesses can charge more if supply is limited and demand is high
How the increase in expansion affect the demand?
Increase in expansion affect the demand because more supply/expansion with constant demand will lead to excess in expansion which affect the demand.
What conditions would change supply and demand?
The economic condition of the area is a condition that can change the balance between supply and demand.
How will increase in the price of a substitute good shift the demand curve?
An increase in the price of a substitute good will increase demand for the original good, thus shifting the demand curve to the right.
Should you think about supply and demand when considering your future career?
1. How do supply and demand affect choices?
A shift in the demand curve is called?
A change in quantity demanded
