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What products are high in supply and low in demand?
very high
Why are cocoa products in high demand worldwide?
So you are asking why chocolate is in high demand. Well, everybody wants chocolate, silly! It is in high demand because people want it.
Why did Texas ranchers send their longhorn on cattle drive?
Texas Ranchers sent their longhorns on cattle drives because the demand of the cattle in Texas was low. But high in the north and east. Demand and supply affect the price of nearly everything that was bought and sold - not just the cattle.
What will happen if the demand curve goes up?
it means that the price is higher and demand of products is high
How did the civil war help the rise of the cattle industry?
Cattle were butchered for meat for the soldiers, creating massive shortages in the Eastern part of the USA. A shortage creates a great demand, and in order to meet that demand, there needs to be a source of supply. Thus, this high demand allowed future ranchers and cowboys to travel west and herd cattle back east to quench this demand for beef.
What are the Texas chief products?
Oil, cattle, high technology, energy, pecans, citrus.
What is a solution for high demand for wood products?
EconmucsSales and customer serviceMarketing advertisingSales
Why were the cattle ranches in Texas?
- The demand for beef from cattle rose in the East.
Why were cattle drives able to boom during late 1800s?
The price of cattle was one factor that allowed cattle ranches to be so profitable during the boom period. Beef on the hoof was about $15 to $20 a head. Cattle were sought after to feed the thousands of immigrants that came to the United States looking for work and a better life.
Why did the cattle industry become profitable after the civil war?
There was a high demand for beef because all the cattle were slaughtered during the war for meat. As with basic economics states, when demand exceeds supply, prices rise, thus making it a profitable venture to raise cattle.
How does change in fashion affect the demand?
For certain products such as textile products, changes in fashion can bring about large and frequent changes in the demand. Example: when T- shirts are in fashion, the demand for T- shirt will increase. Mostly the demand will be high for those goods which are highly in fashion at that time period.
How changes in consumer tastes and consumer incomes affect demand?
If consumer income increases, demand will increase. If income decreases, there is less money to spend, so demand for products that are not necessary will decrease. Consumer tastes influence what products are in demand. This can change over time, so a product that is in high demand may become a low demand product and visa versa.
