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Supply & Demand, Economics
Economic studies tell us that when the price of a good drops, demand will rise. Furthermore, when the price of a good rises, demand will go down.
What else can I help you with?
What happens when the supply of a nonperishable good is greater?
c) either the good remains unsold or the price drops
What happens when inflation falls?
Supply & Demand, EconomicsEconomic studies tell us that when the price of a good drops, demand will rise. Furthermore, when the price of a good rises, demand will go down.
Why does demand fall?
Demand drops when the price of the demanded good rise.But also demand of a certain good may drop when the price of substitute fall
What happens after the demand for a fad drops?
The price goes down, and the quantity supplied goes up
What happens when demand for a good increase but it's supply decrease?
The price for the good increases
What will happen when the price of goods drop?
Supply & Demand, EconomicsEconomic studies tell us that when the price of a good drops, demand will rise. Furthermore, when the price of a good rises, demand will go down.
Where can one find enormous price drops?
Many retailers and stores advertise huge price drops on their merchandise. Walmart is one of the leading examples of retailers that offer enormous price drops.
What happens to the demand for the main good if the price of a complementary good increases?
If the price of a complementary good increases, the demand for the main good typically decreases.
What usually happens to the demand for a good or service when the price increases?
When the price of a good or service increases, the demand for it usually decreases.
What happens when quantity demanded when the price goSe down and other prices don't?
When the price of a good decreases, the quantity demanded for that good typically increases, assuming all other factors remain constant (ceteris paribus). This relationship is described by the law of demand, which states that consumers are generally more willing and able to purchase more of a good when its price falls. As the price drops, consumers may perceive the good as a better value, leading to higher demand while the prices of other goods remain unchanged.
What happens to the price of a good when supply is high but demand is low?
the price of the product gose downaka less $$$$$
What happens to the price of a good in a market with perfectly inelastic supply when there is a decrease in demand for that good?
In a market with perfectly inelastic supply, the price of a good will not change when there is a decrease in demand for that good.
