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What would you expect when the price of a product is increases?
Adh99
In general, as prices increase, fewer people will buy the goods or services in question although there is a difference between elastic demand and inelastic demand. Some things are necessities and people will spend whatever they have to spend to get them. No one will willingly give up eating. However, you do have a choice of what to eat, and if food gets very expensive, many people will try to buy less expensive kinds of food. Other things are easier to give up. If tickets to Baseball games become extremely expensive, most people can survive without attending baseball games.
Wiki User
∙ 8y ago
Wiki User
∙ 11y agoQuantity supplied to increase.
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How would suppliers react to a price increase for a product?
Suppliers supply more of the goods as and when prices of that commodity increases.
What will happen if a product becomes more popular and there is a fall in the cost of its production?
If a product increases in poularity, and decreases its production cost, I would expect that the company selling this product is going to enjoy increased profits.
What does Change in Quantity Supplied mean?
It indicates that the availability of a certain product has changed. In economic terms, a change in the quantity supplied would correspond to movement along the supply curve. For example, if the amount of widgets (any given product) in a market increases, the demand and price for that product decreases. If the number of widgets were to decrease, the demand and price would increase.
What would have the LEAST impact on the price of a product?
How the product looks
What causes decrease in prices as demand increases?
If supply increases even greater than demand the price should decrease.Legislation could reduce price irrespective of other factors.Competition from new entrants into the market would reduce price....
How would suppliers react to a price increase for a product?
Suppliers supply more of the goods as and when prices of that commodity increases.
What will happen if a product becomes more popular and there is a fall in the cost of its production?
If a product increases in poularity, and decreases its production cost, I would expect that the company selling this product is going to enjoy increased profits.
What does Change in Quantity Supplied mean?
It indicates that the availability of a certain product has changed. In economic terms, a change in the quantity supplied would correspond to movement along the supply curve. For example, if the amount of widgets (any given product) in a market increases, the demand and price for that product decreases. If the number of widgets were to decrease, the demand and price would increase.
What would have the LEAST impact on the price of a product?
How the product looks
What product would you expect if cinnamaldehyde and acetone reacts?
dicinnamalacetone and water
Would price be an advantage when dealing with a niche product?
no
What product would you expect to see when a balloon of hydrogen is burnt?
Water vapor.
Pressure increases with depth toward the center of Earth. In which layer would you expect pressure to be the greatest?
At the very center.
Pressure increases with depth toward the center of the earth in which layer would you expect pressure to be the greatest?
At the very center.
What causes decrease in prices as demand increases?
If supply increases even greater than demand the price should decrease.Legislation could reduce price irrespective of other factors.Competition from new entrants into the market would reduce price....
How much should you expect to pay for CD replication services?
Depending on the quantity in which you are looking to have done. Usually the more product you buy, the lower the price. 1000 cd's would cost approximately $450.00. Where as 300 cd's would cost you $350.00.
If a product has the term eco in it what benefits could one expect?
"Eco" means a product is environment-friendly. One can expect that it is biodegradable, or it does not contain harmful chemicals that would otherwise hurt the environment around us.
