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What economic explanation occurs if demand increases?
supply will decrease and price will rise greatly
How much can you sell houses for in Monopoly and what factors determine the selling price of houses in the game?
In Monopoly, houses can be sold for half of their original purchase price. The selling price of houses in the game is determined by the number of houses already built on the property, as well as the property's color group. The more houses that are built on a property, the higher the selling price will be. Additionally, properties in the same color group can affect the selling price, as building houses on all properties in a color group increases the value of each individual property.
How does the quantity supplied change as the price increases?
As the price increases, the quantity supplied also increases. This is known as the law of supply, which states that there is a direct relationship between price and quantity supplied.
What is the meaning of price hike?
When the price of an object increases.
What factors cause increase in demand when price also increases?
standard of rich peoples...like in purchasing of gold increases when its price also increases.
Price of related goods?
Demand for good or service increases if the price of related goods increases, and vice versa.
What happens when demand for a good increase but it's supply decrease?
The price for the good increases
Why does the supply line slope and to the right?
Because, as the price increases, suppliers are prepared to produce more units. Because, as the price increases, suppliers are prepared to produce more units. Because, as the price increases, suppliers are prepared to produce more units. Because, as the price increases, suppliers are prepared to produce more units.
An increase in the aggregate price level will increase?
a clause in a contarct that automatically increases wages to account for increases in the price level
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.
Which wave property increases as the number of vibrations producing the wave increases?
The frequency of the wave increases as the number of vibrations producing the wave increases.
What property of a wire increases when is made thinner?
It's resistance to electric current increases.
