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What else can I help you with?
Supplier price response to excess demand?
supplier would increase the price
What is maximun demand?
Maximum demand is the largest amount of demand a supplier can supply without running out of supplies.
Double coincidence of demand?
For example; the supplier of good A wants good B and the supplier of good B wants good A.
Why a supplier may benefit by reducing the maximum demand without reducing overall consumption?
the supply authority bills at the higest demand continously,by reducing maximum demand the supplier bills at the same rate whilst supplying less energy
What are the four determinants of aggregate demand?
They are : desired spending, autonomous consumption,induced consumption and desired private consumption.
How does incidence of taxation took place?
ELASTIC DEMAND-if Price of a commodity increases as result of tax, the demand for such goods decreases therefore the supplier Beyer's the tax burden
What is induced expenditure?
Induced expenditure refers to the portion of spending that varies with the level of income in an economy. As individuals' incomes increase, their consumption tends to rise, leading to higher overall demand for goods and services. This concept is often contrasted with autonomous expenditure, which remains constant regardless of income levels. Induced expenditure is a key component in understanding how changes in income affect economic growth and demand.
What is supplier delivery?
Supplier delivery refers to the process by which a supplier transports goods or materials to a buyer or customer. It involves the logistics of managing the shipment, ensuring that products arrive on time and in good condition. Effective supplier delivery is crucial for maintaining supply chain efficiency and meeting customer demand. Timely deliveries can enhance customer satisfaction and build stronger supplier-buyer relationships.
Does the demand for a product in general tend to be more inelastic than the demand for that product from a particular supplier?
no, product demand in general tends to be more elastic because there are more options the consumer can choose from. demand for the product in general allow for the principle of "substitution" to be used by the consumer. if one producers price is too high then the customer will be able to shop around for the best price available for that product. demand from a singular supplier is more price sensitive, and with demand being inversely related to price and increase in price negatively impacts the level of demand and visa-versa
What is an increase in demand likely to lead to?
If there is an increase in demand, there will be increase in the price of the product if the supply remains the same. But if the manufacturer or supplier is able to supply increased quantity of product there will be no major effect.
You bought aftermarket rear drums and they dont fit?
Take them back, or return to the supplier, and demand the correct part(s).
What is the role of merchandiser?
Providing supply of products, or services to demand.
