0
When there is more supply than demand, there is commonly a drop in price of the product in an effort to increase the demand and achieve the equilibrium between supply and demand once again. Supply and demand are like a see-saw. As supply goes down, demand goes up; as demand goes up, supply goes down.
What else can I help you with?
What happens if there is more supply than demand?
When there is more supply than demand, there is commonly a drop in price of the product in an effort to increase the demand and achieve the equilibrium between supply and demand once again. Supply and demand are like a see-saw. As supply goes down, demand goes up; as demand goes up, supply goes down.
What happens when the demand is more than supply?
Prices increase and you have inflation.
When according to the law of supply and demand when supply increases what else happens?
According to the law of supply and demand when supply increases, prices will decrease.
What happens when demand rises by more than supply rises?
Then more people will be employed and the unemployment rates will go down
What happens if you don't save enregy?
If we don't conserve energy, demand for more and more energy, as population and manufacturing increases, will increase until the energy supply can't handle the demand, or until the energy supply is depleted.
What gived producers the incentive to produce more?
Supply & demand. Supply=how much of something is available. Demand=how much of something people want. More demand = more supply.
When demand is more inelastic than the supply what happens to the burden of a tax?
the consumers pay a larger share of the tax
What happens to the demand curve when determinants change?
A change in any one or more of these determinants of supply, or supply shifters, will move the supply curve for a product either right or left.
What happens to supply when demand increase?
When the demand of a product increases, so will the supply. Manufacturers will produce more of the product in order to get more money.
What happens supply exceeds demand?
The price usually goes up. If lots of people want something, you have to pay more to get it.
Theory of demand supply?
The theory of supply and demand is that when supply are plentiful, they are typically more affordable and easier to find. When supply is low, demand and prices increase as a result.
If people decided to have more children doest it affect to demand and supply?
If significant numbers of people decided to have more children, it may affect supply and demand. It would lead to more demand and less supply.
