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Is it possible to have no constant in demand equation or no Y intercept?
Wiki User
∙ 11y ago
Possible, but unlikely.
Wiki User
∙ 11y ago
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When quantity demand is changing what variables are held constant?
non price determinants of demand are held constant
If demand decreases and supply is constant what happens to the equilibrium price?
If demand decreases and supply is constant, the price will increase.
What happen to price when supply is constant and demand increaes?
prices will fall if demand decreases and the supply is constant. the supply curve will be vertical and demand curve will be downward sloping.
If supply shifts to the left and demand remains constant?
Price will increase, quantity will decrease
Is utility constant along a demand curve?
utility is not constant along the demand curve
Write Equations for Supply and Demand Functions?
supply and demand both are the function of price (as law of demand and law of supply stated). also price has positive impact on supply and negative impact on demand.supply=f(p)demand=f(p)so by having the idea of laws of demand and supplydemand equation can be written as:D=a-bp ; a=intercept , b=slopeand supply equation can be written as:S=c+dp ;c=intercept , d=slopethese equations can only be true if all other things remain sameotherwise we have to include others factors causing change in demand and supply.like income,prefferences,taste,advertisement cost,weather etc for demandand price of resourses(land,labor,capital,row meterial),management skill,technology,marketing,production techniques expectations etc for supply
Does the ceteris paribus assumption affect a demand curve?
It isolates factors and only looks at one cause and effect at a time. This is why the demand curve is a linear equation (straight line). It wouldn't be possible in real life.
Supply decrease and demand is constant?
If the supply decrease and demand is constant, it will result into higher prices for the good. Ideally, this will automatically make the demand higher than market supply which creates scarcity.
Demand rises and supply is constant?
No. If demand rises, then supply falls. Transveresly, if demand falls, then supply rises.
If supply shifts to the right and demand remains constant?
When supply shifts to the right and demand remains constant then there will be an excess of product. Prices for the product will fall as well.
When a demand of a commodity remains constant even after a big change in its price then demand is known as?
Inelastic
Is price elasticity constant along demand curves?
explain why the price elasticity of demand varies along a demand curve, even if the demand curve is linear.
