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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 difference between the price effect and a change in demand?
The price effect refers to the change in the quantity demanded of a good or service due to a change in its price, typically illustrated by movements along the demand curve. In contrast, a change in demand indicates a shift of the entire demand curve, caused by factors such as consumer preferences, income levels, or the prices of related goods. While the price effect is concerned solely with price changes, a change in demand encompasses broader economic influences.
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
What factors can cause a change in demand for a product or service?
Several factors can cause a change in demand for a product or service, including changes in consumer preferences, income levels, prices of related goods, advertising and marketing efforts, and overall economic conditions.
How frequently does the stock price change?
Stock prices can change constantly throughout the trading day due to various factors such as market demand, economic news, and company performance.
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
