Want this question answered?
"Supply is relative to demand" explains the factors responsible for setting prices in a free market system.
Supply relative to demand is primarily responsible for setting prices in a free market system.
"Supply is relative to demand" explains the factors responsible for setting prices in a free market system.
Market prices are directly dependent on the two main factors that govern an economy: Supply and Demand. If the supply of a certain item does not meet the current demand, then the price will rise, and vice-versa.
The prices in a market economy are based on supply and demand. In a free price system, these are based on several factors like citizen interactions and observations.
About 48 percent
Effects Of macroeconomic factors on Stock Prices
Supply relative to demand.government
A price ceiling will undermine the rationing function of market-determined prices by creating a shortage. This is a price which is below equilibrium which will lead to more demand that supply that will cause a shortage.
About 48 percent
About 48 percent
Each housing market is unique due to factors such as location, local economy, employment opportunities, demographics, amenities, and overall demand for housing. These factors can influence property prices, rental rates, market trends, and housing supply, creating distinct characteristics for each market. Additionally, regulations and policies specific to the area can also impact the dynamics of a housing market.