when supply goes down the price goes up>
The price goes down because of supply and demand.
The price goes down.
When supply goes down the equilibrium price tend also to fallcausing the price of commodities to fall and hence shortage of goods and services to the economy.
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.
Wage goes down.
The price goes down because of supply and demand.
The price goes down.
When supply goes down the equilibrium price tend also to fallcausing the price of commodities to fall and hence shortage of goods and services to the economy.
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.
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.
Wage goes down.
Wage goes down.
Wage goes down.
Wage goes down.
Wage goes down.
Goes down.
When supply goes up, price will go down. This is a result in the shift of the equilibrium price. Drawing graphs will help you conceptualize the results of different curves shifting in different directions.