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It is a shift of the demand curve to the right (an increase in demand) or to the left (a decrease in demand).
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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.
What are the main complain and demand of the people in Bangladesh?
complain is for better living and for that demand for socio economic change
How and why does demand for energy change?
Two factors are: economic activity and weather.
What are the economic implications of elasticity of demand measures to an economic agent?
The economic implications of elasticity for demand measure of an economic agent are positive. Elasticity helps measure the response of one economic variable when there is change seen in another variable. Economic agents use elasticity as a way to understand the impact of economic action that has been undertaken.
What is elasticity of demand from an economics point of view?
The elasticity of demand from an economic point of view is used to show the responsiveness of the amount of a goods or services to a change of price. It gives a percentage of change in quality.
Distinguish between industry demand and firm demand?
Industry demand is subject to genera economic conditions. Firm demand is determined by economic conditions and competition
What is the definition of Economic Demand?
no answer
Which economic system has relative prices change to reflect changes in supply and demand for different commodities is known as a?
Price or market system
The primary difference between a change in demand and a change in the quantity demanded is?
a change in demand is a movement along the demand curve, and a change in quantity demanded is a shift in the demand curve
Which of these describes a market economic system?
Economic decisions are based on supply and demand. A+
What is the Opposite of an economic recession?
Economic recession is when the economy, as a whole, is actually shrinking (GDP shrinks, unemployment rises, as the demand for goods and services is lessened.)The opposite of an economic recession, is economic growth.Economic growth is when the economy is expanding, jobs are being created because of increased demand or stimulated demand.
What is demand products?
Product demand is an economic term. The product demand describes the desire for a particular product that the public has.
