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the quantity demanded will go down.
suman jain.
Wiki User
∙ 13y ago
Wiki User
∙ 13y agothe demand will go down.
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5 The price of blue jeans has risen substantially in recent years Demand for blue jeans has also been rising This is hard to explain because the law of demand says that higher prices should lead to?
Higher price should lead to Lower Demand?? But Higher Demand lead to Higher price! Who leads to whom?? But I don't think the price is rising, as I just find a good place with cheap blue jeans. It is www.elinestore.com . It seems the price is down and down crazy!!
What is the income consumption curve?
Income Consumption curve (icc) is a curve which determine the consumption of a consumer base on in his/her income When Income is High, Spending Capacity increases, higher the spending capacity - more the demand. Thus converse to the original demand theory which says, PRICE determines Demand, ICC theory says, INCOME of a PERSON determines the Demand for a Product
What is the price elasticity of the construction industry?
There's no way to answer this question as it's posed.Do you mean the price elasticity of DEMAND for new construction, which says how much (in percentage terms) more construction will be demanded for a 1% decrease in price?Or the price elasticity of SUPPLY, which says how much (in percentage terms) more construction will be supplied for a 1% increase in price?
What is the price elasticity of demand for a monopolist?
Elasticity of demand is critical in determining the price which maximizes profits.The monopoly pricing rule says to set (P-MC)/P=1/e, where e is the ABSOLUTE VALUE of the price elasticity of demand. (Remember, price elasticities are negative.)Note that MC is the marginal cost at the quantity produced. If it's not constant, some calculation is required to figure out how much Q to make.
When an economist says that the demand for a product has increased this means that?
When an economist says that the demand for a product has increased this means that
What does mean final price?
It means exactly what it says. This is the final price and item sells for.
What does final selling price mean?
It means exactly what it says. This is the final price and item sells for.
EBay when it says reserve not met?
a seller can sett a price of what they want the item to at least sell for and if it doesn't reach this nuber the item will not sell
What does it mean when it says price subject to purchasing?
It means when you purchase an item you need to buy whatever it says. So if it says " Price subject to £20 top up " When your buying a mobile you need to purchase £20.
When is Louis vuitton sales?
Louis vuitton does not have sales. If you see a Louis vuitton item on the internet that says it is being sold by Louis vuitton and is on sale, it is a fake. the price on the item is the price you pay.
If a website has an item for sale with a price 0.0 do they have to sell it for that?
Basic Law 101: An advertised price is simply a solicitation for an offer, and is not a binding contract. If a shop advertises an item at a certain price and says it is a misprint, it is considered a unilateral mistake, and no court would hold them to the incorrect price.
I have an item I want to auction on neopets that is worth 3000NP and the minimum quality is 200NP but it says its too little and I can't auction it Why is this happening and how do I fix it?
You might be looking at the price on the item's own description - this price is 100% meaningless. Many junk items have a high value here. It may have meant something at one time when the item was first introduced well over a decade ago, but the price here is never changed despite low demand and high availability. Instead look at the shop wizard to see what the item is actually being sold at. The item you want to sell is probably being bought and sold for much less than 200NP.
5 The price of blue jeans has risen substantially in recent years Demand for blue jeans has also been rising This is hard to explain because the law of demand says that higher prices should lead to?
Higher price should lead to Lower Demand?? But Higher Demand lead to Higher price! Who leads to whom?? But I don't think the price is rising, as I just find a good place with cheap blue jeans. It is www.elinestore.com . It seems the price is down and down crazy!!
What is the income consumption curve?
Income Consumption curve (icc) is a curve which determine the consumption of a consumer base on in his/her income When Income is High, Spending Capacity increases, higher the spending capacity - more the demand. Thus converse to the original demand theory which says, PRICE determines Demand, ICC theory says, INCOME of a PERSON determines the Demand for a Product
What is the price elasticity of the construction industry?
There's no way to answer this question as it's posed.Do you mean the price elasticity of DEMAND for new construction, which says how much (in percentage terms) more construction will be demanded for a 1% decrease in price?Or the price elasticity of SUPPLY, which says how much (in percentage terms) more construction will be supplied for a 1% increase in price?
What is the price elasticity of demand for a monopolist?
Elasticity of demand is critical in determining the price which maximizes profits.The monopoly pricing rule says to set (P-MC)/P=1/e, where e is the ABSOLUTE VALUE of the price elasticity of demand. (Remember, price elasticities are negative.)Note that MC is the marginal cost at the quantity produced. If it's not constant, some calculation is required to figure out how much Q to make.
How do you private sale with a item on ROBLOX?
must have builders club and it says under the it privet sale and you name your price and i hate this 25% fee
