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In a perfect market what forces price to go up for a commodity?
A commodity is an item marketed that is useful or valued. Competition, supply, and demand forces prices to go up in a perfect market.
In a perfect market what forces price to go up in a commodity?
Lower supply and/or greater demand make prices for a commodity rise.
Is furniture an elastic or inelastic commodity?
It is elastic because there is not a lot of supply in genuine antique furniture to keep up with rising prices.
Why is the price of milk going up?
Because when gas prices go up, food prices also go up.
Is it true that gas prices rise with grocery prices?
No, grocery prices rise with gas prices. This is because gasoline is used to transport grocery products to the stores from where they are grown or manufactured. If gas prices go up, then the cost of the grocery products to the store owner will go up and eventually the price the store charges will have to go up.
In a perfect market what forces price to go up for a commodity?
A commodity is an item marketed that is useful or valued. Competition, supply, and demand forces prices to go up in a perfect market.
In a perfect market what forces price to go up in a commodity?
Lower supply and/or greater demand make prices for a commodity rise.
What is meant by the term commodity news?
This term means news about commodities such as goods and so forth.This is how share prices are decided and how the stock market functions.The prices go up and down daily.
Where can one find commodity prices for gold?
It is possible to find the commodity prices for gold in a number of places. These include CNN Money and NASDAQ. This information can also be obtained through consulting a stockbroker, who would be able to provide up to date details.
Why is it when Petrol prices go up food prices go up but when petrol prices go down food prices remain as they are when petrol prices start to go up again food prices go up so the consumer cant win?
you got it all in one!
What are some of the problems countries in Central America and the West Indies have had due to Single Product economies?
Most of these countries rely on one single product as source of jobs and budgetary income. Hence, the overall economy is subject to the highs and lows of commodity prices in international markets. Therefore, during boom times (commodity prices go up) these economies expand very quickly, but are prone to financial bubbles and inflation. During recession times (commodity prices go down), many jobs are lost and the economy suffers too due to the impossibility of acquiring foreign currency.
Is furniture an elastic or inelastic commodity?
It is elastic because there is not a lot of supply in genuine antique furniture to keep up with rising prices.
Why is the price of milk going up?
Because when gas prices go up, food prices also go up.
When gas prices go up does grocery's go up?
no
How the prices of commodities in commodities market go up and down?
Simple answer is Supply and Demand balance. If supply is more price goes down , demand is more price goes up. for any commodity movement get these number PIS=/=ExC , P=production, I=Import S=Stock these three represnt suppply of any commodity. Ex-Export, C-COnsumption, these two represnet demand For any year , PIS is more than ExC , then that commodity price goes down. If ExC is more than PIS that commodity price goes up. Prediction of any commodity price, you will predit it before that Supply demand imbalance. That means todays wheat or rice prices are reflection of what will happen to its supply demand in next few months rather than its current balance. I worked for India's largest commodity exchange. Currently working as trader in Agricultural commodities.
Is it true that gas prices rise with grocery prices?
No, grocery prices rise with gas prices. This is because gasoline is used to transport grocery products to the stores from where they are grown or manufactured. If gas prices go up, then the cost of the grocery products to the store owner will go up and eventually the price the store charges will have to go up.
Will canola prices go up?
yes
