0
What else can I help you with?
What happens when demand rises by more than supply falls?
If demand rises, the demand curve will shift to the right. A fall in supply will mean that the curve moves leftwards. The result is higher prices at a lower quantity. Excess demand may occur
What happens to supply when more producers enter the market?
Supply goes up, so competition rises - and prices should go down, unless demand increases comeasurately.
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.
What happens to pulse rate when activities demand more body movements?
It rises.
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 if theres more demand than supply?
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.
How does consumer surplus change on a supply and demand graph when there is an increase in demand for a product?
When there is an increase in demand for a product on a supply and demand graph, consumer surplus typically decreases. This is because as demand rises, prices tend to increase, leading consumers to pay more for the product and reducing the surplus they gain from purchasing it.
What happens to the equilibrium wage when demand for workers decreases and supply rises?
When the demand for workers decreases while the supply of workers rises, the equilibrium wage tends to decrease. This is because fewer employers are looking to hire, which reduces competition for workers, while more individuals are seeking jobs, increasing the available labor pool. As a result, employers can offer lower wages, leading to a downward pressure on the equilibrium wage in the labor market.
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.
How prescription drugs affect the demand and supply of other products and services in this country?
The cost, supply and demand can have a direct effect on herbal remedies, and natural foods and supplements. As the cost of prescription drugs rises, more people will turn to alternatives, driving demand for those items.
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.
