Drug dealers acquire less drugs to sell. Maybe there is increased smuggling enforcement. Less drugs on the street. Assuming the same number of people want it the dealer can raise prices to people who want and can afford drugs the most. And those who want drugs only a little will be discouraged of the higher price and might move to a cheaper "high" like alcohol.
What is the role of supply and demand in decision making? Provide a real-world example.
Demand is an amount of thing which a person is willing to buy at a given price. For ex... A mobile cost of Rs15000 and at this price a person wants to buy.
and,
Supply is a that part of stock which is offered to sale by a seller at a given price in a given period of time.
For ex... A person has demand nokia C6 and it is not avialable at seller. And seller has given a time to bring.
When the Nintindo Wii first came out, it was very popular and sought after. Thus, the Demand was high. There were not many available, thus the Supply was low.
The most predominant examples are the automotive and petroleum industries.
Three examples that cause supply to increase are overproduction, inflation and lack of demand. Lack of demand for supply can create the supply to increase eventually.
drug dealers........drug addicts
No. If demand rises, then supply falls. Transveresly, if demand falls, then supply rises.
If there is not enough supply for the demand, the demand won´t be able to buy the supply
Her supply of tight sweaters increases the demand for her as a date on the weekend.
Three examples that cause supply to increase are overproduction, inflation and lack of demand. Lack of demand for supply can create the supply to increase eventually.
ebay
drug dealers........drug addicts
Price is no determinate on demand when it comes to food being needed to feed the famine-stricken; it is likewise no determinate of supply when an overabundance of rainfall causes flooding and destruction regardless of water needs.
No. If demand rises, then supply falls. Transveresly, if demand falls, then supply rises.
If there is not enough supply for the demand, the demand won´t be able to buy the supply
Consumers is the law of supply and demand.
Her supply of tight sweaters increases the demand for her as a date on the weekend.
When there is more supply than demand, there is commonly a drop in price of the product in an effort to increase the demand and achieve the equilibrium between supply and demand once again. Supply and demand are like a see-saw. As supply goes down, demand goes up; as demand goes up, supply goes down.
When there is more supply than demand, there is commonly a drop in price of the product in an effort to increase the demand and achieve the equilibrium between supply and demand once again. Supply and demand are like a see-saw. As supply goes down, demand goes up; as demand goes up, supply goes down.
The demand / supply graph is designed to have supply on the vertical axis (Y) and demand on the horizontal (X). Thus you will have a higher supply = lower demand, or lower supply = high demand.
The theory of supply and demand is that when supply are plentiful, they are typically more affordable and easier to find. When supply is low, demand and prices increase as a result.