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1:inverse relationship between supply and demand
2:supply depends upon the demand of a commodity, that it might be positive or negative.
3:supply always depends upon demand but demand never depends to supply.
4:a supply never affects the demand of a commodity but demand always affect to its supply.
5:demand is the initial stage but supply is the stage after demand.
6:supply have a positive relations to price whereas demand has a negative relations with price.
7:supply and price has a direct relations or positive relation.
8:law of supply relates to the price and supply of a particular commodity in a particular time period.
9:price has a connections with demand and supply that it affects both supply in a positive way and demand in a negative way and if price changes then both demand and supply will change.
10:demand curve shows the changes positions of demand in a different price level of a particular commodity where demand schedule also shows the changes positions of demand in a different price level of a particular commodity, hence both have a common objectives to depict the same result in a different way.
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Why is there an inverse relationship between demand and price?
If something is in high demand but there is a limited supply of it then the price goes up. Kinda of like the price of gasoline. There isn't a limited supply and alot alot of people need it for their cars and other things etc so it drives the price. If there isn't a high demand for it then the price is generally reasonable. They are inversely related. Directly related is supply and demand.
What is the relationship between money and production?
As a basic law of economics, production and supply go hand in hand. At first, if you produce something people want, you make money by selling it. If you keep producing, you make more money. But if you produce too much, and there is no longer a demand for the product, you will not make as much money. so, as production increases, money increases until you reach the point where supply and demand are equal.
What are the ratings and certificates for Supply and Demand - 1997 TV?
Supply and Demand - 1997 TV is rated/received certificates of: Australia:PG
What cause panics in the 1800s?
The supply of goods exceeded the demand
What caused the economic panic in the 1800s?
The supply of goods exceeded the demand
What is the difference between price and supply?
if the supply is low and the demand is high, then the price of the good will be high. if there is high supply but low demand, then the price will be low. the price of a good or service is determined by the relationship between supply and demand. look for any basic macro or micro economics books and it should give you a very good explanation on the subject also pay attention to the graphs of supply and demand and you will get a better understanding of the relationship between supply and demand.
What is the relationship between unlimited human want and limited resources?
Supply and Demand
What is the relationship between the law of supply?
As demand increases, supply increases, and as demand decreases, supply decreases. (Assuming Ceteris Paribus (All other factors are held constant))
Difference between demand and supply of money?
The supply side deals with relationship between the price and the quantity. The demand side deals with the volumes that buyers are willing to purchase at various prices
What curve shows the relationship between the sales price and quantity is called the demand curve?
supply
What social scientist is most concern with analyzing the relationship between supply of and demand for goods and service?
an economist
How are supply schedule and supply curve related?
Supply schedule and supply curve and related in the sense that there exists an important relationship between supply and demand. The greater the supply curve, the greater the supply schedule.
What kind of relationship does the demand curve have in relation to supply?
Demand refers to how much (quantity) of a product or service is desired by buyers. The quantity demanded is the amount of a product people are willing to buy at a certain price; the relationship between price and quantity demanded is known as the demand relationship. Supply represents how much the market can offer.
Why does a demand curve downwards from left to right?
A demand curve slopes downward left to right because the relationship between price and demand is negative - as price drops demand rises. The opposite is true for a supply curve where as price rises supply rises - the relationship is positive so the supply curve slopes upward from left to right. Nova net answer- because demand decreases as price increases
Explain briefly what is demand and supply curve?
Supply and demand is perhaps one of the most fundamental concepts of economics and it is the backbone of a market economy. Demand refers to how much quantity of a product or service is desired by buyers. The quantity demanded is the amount of a product people are willing to buy at a certain price; the relationship between price and quantity demanded is known as the demand relationship. Supply represents how much the market can offer. The quantity supplied refers to the amount of a certain good producers are willing to supply when receiving a certain price. The correlation between price and how much of a good or service is supplied to the market is known as the supply relationship. Price, therefore, is a reflection of supply and demand.
Why does a demand curve slope downward left to right?
A demand curve slopes downward left to right because the relationship between price and demand is negative - as price drops demand rises. The opposite is true for a supply curve where as price rises supply rises - the relationship is positive so the supply curve slopes upward from left to right. Nova net answer- because demand decreases as price increases
Why does a demand curve slope downward from left to to right?
A demand curve slopes downward left to right because the relationship between price and demand is negative - as price drops demand rises. The opposite is true for a supply curve where as price rises supply rises - the relationship is positive so the supply curve slopes upward from left to right. Nova net answer- because demand decreases as price increases
