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What ill people most likely do if the price of porcelain goes up?
Wiki User
∙ 10y ago
They will protest. It is also likely that they buy less porcellaine, and look for alternatives.
Wiki User
∙ 10y ago
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What nicknames does Porcelain Black go by?
Porcelain Black goes by Porcelain Black.
What is the Law of Supply and demand?
When the supply goes down, the price goes up because there is a shortage and there are less to be sold. When supply goes up on account of high prices, the price goes down because there is a surplus. If the demand goes up, the price goes up because people will pay more for it than usual. If the demand goes down due to the increased price, the price goes down.
What are the release dates for Tom Goes to the Mayor - 2004 Porcelain Birds 1-6?
Tom Goes to the Mayor - 2004 Porcelain Birds 1-6 was released on: USA: 17 April 2005
What do you do if your holiday price goes down after being paid for?
You will most likely not be able to get the price difference if your holiday goes down after it is already paid for. You need to make sure you are getting the best price before you ever pay for the holiday in the first place.
Is gold price elastic or inelastic?
when gold is relatively cheap, people will buy lots of gold jewellery, when the price of gold goes up, people switch to silver jewellery...sowhen the price goes up, less people will want to buy - cause the demand is "sensitive" to the price...so demand is ELASTIC...
How does the value of stock change?
people buy and sell stocks If a lot of people want to buy a particular stock then the price goes up on the other hand if a lot of people want to sell a stock the price goes down.
What happen to supply when price goes up?
IN THEORY, the on-hand quantity of a product will increase when the price goes up, because people will buy less of it. In reality, price and supply aren't very well connected. The price could have gone up to discourage people from buying something there's a shortage of. Obviously the supply of such an item will go down because...well, we're out of it. Supply could also go up when price goes up because they're still making a lot of it but people aren't buying any for whatever reason. This has also happened: when the price goes up, supply goes down because people have started buying MORE of it. This happens with gasoline in the summer.
How does the market stabilize quantity according to Adam Smith?
When there is a shortage of something in demand, the price goes up. When the price goes up, there are less people that will buy. Then they produce more of that thing and the price drops for that thing drops as there is a surplus.
What are the reasons for negative relationship between price and quantity demanded?
Price and demand have an inverse relationship. Therefore, if the price goes up, the demand goes down; the price goes down, the demand goes up.
In what ammount does the strike price of an option move?
The strike price of an option does not change - strike price is fixed for the duration of the option. The price of the option will move based on the following: * Price of underlying asset (moves with - asset price goes up, option price goes up) * Time left to expiration (moves with - time left goes down, option price goes down) * Volatility of underlying asset (moves with - volatility goes up, option price goes up) * Risk free rate (moves with - risk free rate goes up, option price goes up)
How do you glue porcelain casserole that goes in the oven?
DO NOT ! - This is dangerous, as it may separate in the oven, or as you pull it out. - Get a new one.
How do interest rates affect the price (Value) of bonds?
Yields and Price for bonds are inverse. So when price goes up yield goes down. When price goes down , yield goes up. The coupon always remains fixed.
