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most definitely higher.
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∙ 12y ago
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How does supply and demand affect the price of a product?
the higher the demand the higher the price.the lower the demand the lower the price.
Why is there a difference in price between diesel and petrol?
opportunism. Diesel is a by product of petrol and the cost of diesel is in fact lower than petrol> the reason it is higher is that the government allows price fixing to line its own pockets and the oil companies know it has to be paid for business to go on. Diesel should in fact cost less as it did before the oil companies started to "influence" the Government.
Why are the petrol prices decreased nowadays?
Because the price per barrel has dropped, and when the gas company has taken enough of our money they lower the price.
How does price level influence consumption?
typically the higher the price the lower the consumption
How do you get percent from higher value to lower value?
if my price is 52.00 and I am told that I am 180 percent higher. How do I find the lower value
What is the median sales price?
The price in the middle: half are higher and the other half are lower
Explain why the monopolist produces a lower output and charges a higher price?
monopolist's tend to charge? a.Lowe; lower b.higher; lower c.lower; higher d.higher; higher e.higher; the same
Are petrol stations allowed to change the petrol price to the old price if old petrol is in the petrol tank?
I don't know who asked that question, but he must be f***ed in the brain
Why do people buy more of something at lower prices and less at higher prices?
the law of demand. an inverse relationship between the quantity demanded and the price of the product (the lower the price the higher the quantity demanded).
What is a price hike?
When a price for a certain good increases, perhaps due to higher demand or lower supply... Lower supply counts for difficulties in deliveration, low production etc. Lower demand counts for difficulties in getting consumers to buy the good, like no interest for it.
Does the changing of petrol price affect the rate of inflation?
The changing of petrol price affects the rate of inflation. When petrol price increases, it follows that the cost of production and transportation of most goods also increase.
What is the rule stating that more of a product will be consumed at a lower price and less will be consumed at a higher price?
Law of demand
