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Indirect demand refers to the demand for goods or services that arises from the demand for another good or service. This can occur when one product is necessary for using another product, causing a ripple effect in the demand chain. For example, the demand for automobile tires is indirectly driven by the demand for automobiles.
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Demand increases, pushing producers to increase supply --> overal demand decreases, reducing the incentivefor producers to icrease production
When a price increase has little or no effect on the demand for a product, it is inelastic.
High Demand Lowers QuantityLow Demand increases price and quantity
Yes it does. Also, air pollution from automobiles has a major effect on it.
Demand is elastic
It doesn't have a direct effect on demand... if suddenly there were less toothpaste at the grocery store, the demand would remain the same. If the supply gets too low to meet the demand, the price will go up, and if the price goes up, that might have an effect on demand... some people will use other options besides toothpaste.
use a demand and supply diagram to illustrate the effect of a subsidy.
In the law of supply and demand the effect on the Labor Market is that labor is a commodity.Labor is a commodity
Demand is inelastic when changes the in price of a commodity do not effect (or have very little effect) the quantity of that product demanded. For most commodities, demand decreases with price increases and demand increases with price decreases.
supply and demand