Asked in Economics
What does a downward-sloping demand curve mean about how buyers in a market will react to a higher price?
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Asked in Rice
What will happen in the rice market now if buyers expect higher rice prices in the near future?
Asked in Economics, Environmental Issues, Unemployment
What are the factors affecting demand for houses?
When the supply of any product decreases the demand increases. When there is a large amount of houses available on the market, it is easier for buyers to pick and choose, and negotiate price. (Buyers' market) When there is a limited amount of houses on the market, sellers can easily negotiate higher sales prices due to lack of availability. (Sellers' market)
What is supply and demand and how does it affect property prices?
Asked in Economics, Sales and Customer Service
Why demand always downward slop in competitive market?
The reason why demand curve is always downward slopin a competitive market is because there are many sellers and buyers in the market.so the price of a commodity in such market determines the demand and supply of that product.unlike a monopolistic market were there is just öne seller and many buyers
Asked in Monopoly (Business)
A pure-monopoly firm's demand curve is also the market demand curve This kind of firm may successfully engage in price discrimination to increase its total profit if it?
Asked in Economics, 2009 Economic Stimulus Plan
How does resources are allocated in free market economy?
Asked in Decade - 2000s
Why does a buyers market turn into a sellers market?
Asked in The Difference Between
What is the difference between buyer's market and seller's market?
The difference between a buyers market and a sellers market is all about supply and demand. All about when a market is red hot, and buyers have low interest rates, and they have reason to believe prices are on the rise. This then becomes a seller's market because the buyers have the incentive to get things done. When that is turned around, for example, if there is a negative consumer confidence, if there is some scary news on CNN headline news that's going to drive buyers back out of the market, then suddenly what you have is a buyer's market because the buyers just aren't in the mood to buy, and as a seller, you're looking to work with anybody hoping to produce a reasonable offer.
Asked in Economics
Why market prices are better than government determined prices?
Market prices tend to an equilibrium where buyers' demand for the good is worth less than the sellers' cost of supplying the good. Put another way, buyers are willing to pay less than the amount producers are willing to accept. Government sets its prices above or below this point. If the price is above the equilibrium buyers will demand less than producers supply. On the other hand, if price is below the equilibrium sellers will supply less than buyers demand.
Asked in Economics
What factors determine the demand for a foreign currency?
The demand for a foreign currency is based on how many buyers are in the market. Generally speaking, when a corporation seeks to buy products from another company in a foreign country, that corporation will need to make the purchase in the currency of the aforementioned company. Usually their bank will enter the foreign exchange market on behalf of their client and buy the currency required. The greater the demand for that currency, the higher its price.
Asked in Business & Finance
What is higher level of demand fluctuation?
a higher level of demand fluctuation is the case where costumers become more sensitive to changes in prices and products and situations in the industry. a good example is the housing market in the US. before 2007, housing demand was resilient and kept increasing regardless of prices, income, quality,.... however, after the crash of 2007, home buyers were much more weary of any purchase and weighed their decisions on many factors. in the second case, we started witnessing a higher level of demand fluctuation.
Asked in Economics
How does elasticity effect the tax incidence?
Tax incidence (the distribution of the tax burden among the buyers and sellers in a market) depends on the elasticity of demand and supply because elasticity measures the buyer and seller's willingness to leave the market when the prices of goods change. The more elastic demand/supply is, the more buyers/sellers will leave the market when the prices rise. Therefore, the tax burden falls more on the side of the market with the smaller elasticity, because a small elasticity means that more buyers/sellers remain in the market when the prices rise due to their being fewer available alternatives.
Asked in Supply and Demand
Law of supply and demand Give an example of how it relates to the environment?
Asked in Foreign Exchange (Forex)
How are prices established in the foreign-exchange market?
How exchange rate is determined in forex?
Exchange rate is determined by the supply and demand in the market. The more buyers there are, the higher the price of the currency is set and vice versa. While this is basic, there are more dynamics that influence the buyers and sellers. Economic and political stability are one of the few factors that play a role in setting the buy/sell of the currencies.
What are the factors that can influence demand?
The factors that can influence demand are the price of the good (the lower the price the higher demand and vice versa), income (higher income generally means a higher demand), market competition, tastes such as fashion, seasonal factors for example if its Christmas people will demand things associated with Christmas and in Winter people may demand winter wear etc.