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What happened because of the supply of crops grew faster than the demand for them after the civil war?
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Why did cattle ranching become to important during the 1860's?
Because there was a big push for beef to be shipped back East. Beef demand was high back east, and a supply was needed--and consequently met--to fill that demand.
What caused the economic panics in the 1800s?
The supply of goods exceeded the demand
What caused labor unrest in us after World War 1?
cnsumer demand was higher than supply
What were the economic principles of Adam Smith?
Supply and demandThe economist Adam Smith believed prices and profits depended on supply- the amount of goods and service available- and demand- the desire for those goods. As demand goes up, supply goes down.Adam Smith opposed mercantilism and monopolies. He believed that the law of supply and demand and the law of competition would regulate a free market.Adam Smith is often touted as the world's first free-market capitalist. The ideas that underpin the school of thought that became known as classical economics.
Why is the 2001 Sacagawea proof coin so valuable?
Supply and demand, think about the date 2001 or to be more specific 9-11-01
What made the supply of agriculture rise faster then the demand?
Oil crops is what makes supply of agriculture rise fast. This rises more faster than the demand.
On runescape Why is the price of an abbysal whip going down a lot?
Because supply is increasing faster than the demand.
Producers will not be concerned with demand or supply?
Producers typically are not concerned with demand. Producers however are concerned with supply because they are responsible for the supply.
What is inflation according to Hawtrey?
Inflation results from an increase in the amount of circulating currency beyond the needs of trade; an oversupply of currency is created, and, in accordance with the law of supply and demand, the value of money decreases. This is because excess demand means that aggregate demand is growing faster then the capacity of an economy to supply.
How does supply and demand affect consumers?
Supply and demand are vital to consumers. If a product is in high demand the supply has to go up which can increase prices because of the demand. Prices end up going up because more has to be shipped and it would have to get to the location of demand in a certain time.
Can supply create its own demand?
Yes demand can create its own supply, the Keynesian economist view believed this. Markets will always try to meet demands because they want to gain the most they can from it therefore will create a supply to match demand.
What is the rule of supply and demand?
Supply depends on demand.The demand is how much a product is wanted.The supply is how many of a certain product is made.It depends on demand because if a product is not getting enough demand, the supply will come to a stop or become very low.
When demand increases and supply is perfectly elastic what will be the effect?
there will be no change in price because as demand will increase supply will also increase.
How dose the assembly line benefit the econmy?
helped meet supply and demand faster. It increases productivity
What is aggregate shock?
In economics, the supply curve in the aggregate supply and demand model shifts drastically to the left due to an inadequacy of resources or because the demand overpowers the supply.
If demand and supply is limited but the demand is high how would the price be affected?
yes, because supply is limited and the demand is high then pretty much the price will be affected. since the shortage of supply, and high demand, then price will be high price and very expensive
Why is supply and demand important to environmental science?
Because environmental science involves costs and benefits which, as economic variables, are governed by supply and demand.
