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What does a downward-sloping demand curve mean about how buyers in a market will react to a higher price?
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What will happen in the rice market now if buyers expect higher rice prices in the near future?
the demand for rice will increase
What is supply and demand and how does it affect property prices?
Many buyers plus few houses available for sale means higher house prices - (a sellers market). Few buyers plus a surplus of houses for sale means lower house prices - (a buyers market).
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
What is buyers market?
A buyer's market is an excess of supply over demand, which leads to abnormally low prices.
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?
segregates its market into clearly definable groups of consumers with different elasticity of demand, and prevents buyers in one market segment from reselling to buyers in another market segment
How does a market force come about?
A market force comes about by creating the supply for a specific demand. The supply and demand represent the influence of buyers and sellers on the price and quantity of the goods and services provided by the market.
What is the difference between sellers' market and buyers' 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.
How is the currency rate decide?
The currencies rate is decided by the supply and demand of the market. The higher the demand, the higher the price and vice versa.
Which determinant of demand changes in the personal computer market as more individuals become interested in surfing the Internet?
Number of buyers
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.
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.
What factors can influence the demand for accommodation?
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)
