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You mean supply and demand. The supply is what you have and how much of it you have. So like if you were cooking something like crawfish, how many pounds do you have in stock ready to sale. Demand is how much something is wanted or needed. How many people out there want to buy some crawfish for dinner or whatever. If the demand is high, you want your supply to be high also, and vice versa.
What else can I help you with?
What is a situation where price of goods keep falling due to high supply of good?
Change in demand and supply
What is Market equilibrium?
Market equilibrium is this situation when market demand is equal of market supply
What is a supply and demand situation of a lotto business?
In a lottery business, the supply consists of the available lottery tickets, while the demand is driven by the number of players interested in purchasing those tickets, often influenced by factors such as jackpot size and the perceived odds of winning. When the jackpot is large, demand typically increases as more players are enticed to buy tickets, potentially leading to a situation where supply may not meet demand. Conversely, if the jackpot is small or the odds are perceived as unfavorable, demand may decrease, resulting in excess supply of tickets. Overall, the dynamics of supply and demand in a lottery business fluctuate based on player interest and jackpot offerings.
What is the situation in which the amount of available money increases faster than the amount of available goods is known as?
supply and demand
Can you provide an example of a situation where excess demand occurs?
An example of a situation where excess demand occurs is during the release of a highly anticipated product, such as a new iPhone model. The demand for the product exceeds the supply available, leading to shortages and long waiting times for customers.
Demand rises and supply is constant?
No. If demand rises, then supply falls. Transveresly, if demand falls, then supply rises.
What happens if there is not enough supply for the demand?
If there is not enough supply for the demand, the demand won´t be able to buy the supply
Law of demand and supply?
Consumers is the law of supply and demand.
Sentence with supply and demand?
Her supply of tight sweaters increases the demand for her as a date on the weekend.
What happens if there is more supply than demand?
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.
What happens if theres more demand than supply?
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 demand is higher than supply there is an?
When demand is higher than supply, there is an imbalance in the market that often leads to increased prices. This situation can create a shortage, where consumers may struggle to find the goods or services they want. As prices rise, it may eventually incentivize producers to increase supply or new competitors to enter the market. This dynamic is a fundamental principle of economics, illustrating the relationship between supply and demand.
