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There is no way supply and demand affect disasters, they are natural things in nature while supply and demand are economic processes. Disasters can easily decrease the supply of something, which increases the price on that good.
Destiney Jenkins
Wiki User
∙ 13y agoWhen a lot of consumers want the same product, the supplier will raise the price of the product as it becomes scarce, or the supplier might lower the price (when it is not scarce.) It depends.
Wiki User
∙ 12y agoDemand and supply greatly determines the prices of things and what is sold.
If lots of people want a certain item, the producers will make more and make them more expensive.
So, say you want an iPhone.
Since so many people want them, they produce a lot and they sell for quite a bit.
But, if buyers don't want a certain item, the producers will make less and sell them cheaper.
If people stopped wanting iPhones, the producers would stop making so many and they would start to sell a lot cheaper.
Because of this, it greatly affects the decisions of the economy by controlling what we buy and how much we buy it for. The more popular, the more expensive.
Wiki User
∙ 11y agoit can make the value of the economy go either up or down
Wiki User
∙ 13y agoFluctuations in the price of goods. The affect of demand on price is directly proportional and supply's affect on price is indirectly proportional.
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Illstrurate te effect od subsidy in a market by using a demand and a supply diagram?
use a demand and supply diagram to illustrate the effect of a subsidy.
What best explains why the law of supply and demand has an effect on labor market?
In the law of supply and demand the effect on the Labor Market is that labor is a commodity.Labor is a commodity
What is in effect when investors purchase stock?
supply and demand
Can factors that effect demand also affect supply?
no
When demand increases and supply is perfectly elastic what will be the effect?
there will be no change in price because as demand will increase supply will also increase.
Illstrurate te effect od subsidy in a market by using a demand and a supply diagram?
use a demand and supply diagram to illustrate the effect of a subsidy.
What best explains why the law of supply and demand has an effect on labor market?
In the law of supply and demand the effect on the Labor Market is that labor is a commodity.Labor is a commodity
What is in effect when investors purchase stock?
supply and demand
Can factors that effect demand also affect supply?
no
When demand increases and supply is perfectly elastic what will be the effect?
there will be no change in price because as demand will increase supply will also increase.
How did supply and demmand effect the price of cattle?
Hoe did supply and demand affect the price of cattle
When the supply of goods decreases what kind of effect does it have on demand?
It doesn't have a direct effect on demand... if suddenly there were less toothpaste at the grocery store, the demand would remain the same. If the supply gets too low to meet the demand, the price will go up, and if the price goes up, that might have an effect on demand... some people will use other options besides toothpaste.
An increase in supply will have what effect on equilibrium price and quantity?
Increase in supply in the face of steady demand will result in lower price.
What is an increase in demand likely to lead to?
If there is an increase in demand, there will be increase in the price of the product if the supply remains the same. But if the manufacturer or supplier is able to supply increased quantity of product there will be no major effect.
If US motorcycle productivity increases what is the effect on the US domestic demand and supply curves?
yes
What are the market........?
Supply, demand, capital, labor--laws. Tariffs and taxes have an effect on the economy, too.
In an aggregate demand-aggregate supply diagram what will equal decreases in government spending and taxes do?
No effect. Spending will decrease Aggregate Demand, lower taxes will raise Aggregate Demand
