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the price of houses increases, and the supply increase
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∙ 6y ago
Wiki User
∙ 10y agoI like ecn piont of view question and i m economices of pak thats good for me nd my future i like my future
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Why does the demand curve slops downwards?
Because in Economics, the demand curve always goes down. It's always changing because or suppy and demand.
What is derivation of law of demand?
Law of demand is the higher the price the lower of goods demand for
Define law of demand?
the law of demand state there is a negative or inverse relation ship
What happens to consumer surplus if the price is above equilibrium?
When the price is above equilibrium, there is a surplus because supply is greater than demand. The price of the good will naturally decrease back to its equilibrium price where demand and suppy interesect, thus eliminating the surplus.
How is law of demand related to the demand curve?
Law of demand is the reason of the downward sloping of demand curve.Law of demand states the inverse relationship of demand of a commodity and it's price,and demand curve represents this inverse relationship of demand and price.So in this way they both are related.
Why does the demand curve slops downwards?
Because in Economics, the demand curve always goes down. It's always changing because or suppy and demand.
Is suppy a word?
yes. suppy is a word.
What is demand and law of demand?
The law of demand is that when you demand something you MUST say please and thank you, it's the law.
What is derivation of law of demand?
Law of demand is the higher the price the lower of goods demand for
Law of demand and supply?
Consumers is the law of supply and demand.
Why does the law of demand hold?
why does the4 law of demand holds
Why is age of empires so expensive?
The original Age of Empires is now out of print and as such it means there is a very limited suppy such that the demand is greater. As such it price goes up.
Explain why computer prices are decreasing even though computer functionality is increasing?
Suppy is high, while demand is low; perhaps due to the state of the economy.
Example of law of demand?
marketing is a great example of law of demand
Define law of demand?
the law of demand state there is a negative or inverse relation ship
What happens to consumer surplus if the price is above equilibrium?
When the price is above equilibrium, there is a surplus because supply is greater than demand. The price of the good will naturally decrease back to its equilibrium price where demand and suppy interesect, thus eliminating the surplus.
How is law of demand related to the demand curve?
Law of demand is the reason of the downward sloping of demand curve.Law of demand states the inverse relationship of demand of a commodity and it's price,and demand curve represents this inverse relationship of demand and price.So in this way they both are related.
