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What According to the law of supply and demand when supply increases what else happens?
According to the law of supply and demand when supply increases, prices will decrease.
What else can I help you with?
When according to the law of supply and demand when supply increases what else happens?
According to the law of supply and demand when supply increases, prices will decrease.
According to Adam Smith what happens when demand for a good increases?
The supply decreases.
According to Adam smith What happens when demand for a product decreases?
Supply increases.
What happens when the demand for a product decreases?
When demand decreases, supply increases.
What happens when demand of a good Increases?
Given supply, if demand of any good increases it raises the prices of the good.
What happens to the equilibrium price when demand increases and supply decreases?
It goes up
Is demand needed in equilibrium?
Yes. Equilibrium is created at the intersection of the Demand curve and Supply Curve. Equilibrium can be shifted if the Demand curve increases or decreases, and the same happens when the Supply curve increases or decreases. Without demand, you would just have a Supply curve.
What happens when supply is greater than demand?
The price declines until demand increases.
What happens when demand for a good increase but it's supply decrease?
The price for the good increases
If supply increases and demand is constant price will what?
In the short run nothing happens to price
What will happen when the demand for a product increases according to Adam Smith?
Supply increases.
According to Adam smith what happen when the demand for a product decreases?
Supply increases.
