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more will be demanded at lower priceType your answer here...
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What happen when the demand for a product?
When demand decreases, supply increases.
What will happen when the demand for a product increases according to Adam Smith?
Supply increases.
What will happen to price if the demand for ethanol increase?
If the demand for ethanol increases the price will also increase.This is based on price elasticity of demand.
What will happen if demand decreases and supply increases?
the price and value of the item will decrease.
According to Adam smith what happen when the demand for a product decreases?
Supply increases.
What will happen when Aggregate demand and aggregate supply decrease?
When aggregate demand and aggregate supply both decrease, the result is no change to price. As price increases, aggregate demand decreases, and aggregate supply increases.
When will happen if the sellers in the market increase?
As the Number of Sellers Increases, the Supply of the commodity Increases. As Supply Increases, and demand remains constant, Prices Decrease.
What will happen if Aggregate demand increases and aggregate supply increases?
An increase in aggregate demand and a decrease in aggregate supply will result in a shortage: there will be more goods and services demanded than that which is being produced.
What can happen to prices in a competitive market when demand increases as supply remains the same?
increase in prices
What will happen to the equilibrium price and quantity of a normal good if the demand for the good increases and supply constant?
the equilibrium price rises and the quantity increases
What happens to demand if income increases and commodity is normal?
Demand also increases.
What will happen in the market if the demand of a good increase as well as cost of producing the good?
The cost to the consumer increases respectively.
