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If there is an increase in demand, there will be increase in the price of the product if the supply remains the same. But if the manufacturer or supplier is able to supply increased quantity of product there will be no major effect.
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If a is an inferior good and consumer income risesthe demand for a will?
Inferior goodA good for which an INCREASE(decrease) in consumer income will lead to a DECREASE(increase) in demand for that good.Normal GoodA good for which an INCREASE(decrease) in consumer income will lead to a INCREASE(decrease) in demand for that good.
If income increases demand is likely to?
Increase
Aggregate supply curve is perfectly inelastic an increase in agregate demand will lead to?
Inflation.
Why do fads often lead to shortages?
Due to the sudden increase in demand for a product, which often causes a shortage of the product to meet the demand.
How may changes in prices affect the demand for a good?
Price and demand of a good have inverse relationship. An increase in the prices of a good will lead to fall in the demand of a good and viceversa.
What of these is most likely to lead to an increase price of a company's stock?
Answer : Its profits increase. Explanation : When a company is more profitable, it's stock is in higher demand, and higher demand means a higher price.
Which is most likely to lead to an increase in the price of company's stock?
Once a company goes public and its shares start trading on a stock exchange, its share price is determined by supply and demand in the market. If there is a high demand for its shares, the price will increase.
If a is an inferior good and consumer income risesthe demand for a will?
Inferior goodA good for which an INCREASE(decrease) in consumer income will lead to a DECREASE(increase) in demand for that good.Normal GoodA good for which an INCREASE(decrease) in consumer income will lead to a INCREASE(decrease) in demand for that good.
If income increases demand is likely to?
Increase
How the increase in expansion affect the demand?
Increase in expansion affect the demand because more supply/expansion with constant demand will lead to excess in expansion which affect the demand.
In a perfectly competitive market an increase in demand will in the long run generally cause?
An increase in demand in a perfectly competitive market will lead to an increase in revenue for the business. The more they sell the more they will make.
Aggregate supply curve is perfectly inelastic an increase in agregate demand will lead to?
Inflation.
Why do fads often lead to shortages?
Due to the sudden increase in demand for a product, which often causes a shortage of the product to meet the demand.
What is the likely effect of this high demand on gasoline prices?
The Price of the gasoline with increase : D
How may changes in prices affect the demand for a good?
Price and demand of a good have inverse relationship. An increase in the prices of a good will lead to fall in the demand of a good and viceversa.
What is likely effects of this high demand on gasoline prices?
The Price of the gasoline with increase : D
What is likely to lead to a decrease in the price of a good?
Demand decreases and supply remains the same.
