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When a company produces more of a product than what consumers demand the price of that product will...?
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What term describes the total demand of all consumers for a company's product or service?
market demandAnother AnswerGlobal market demand would cover all consumers.
What happens when a company produces a small quantity of a product and a large number of people want to purchase the product?
When a company produces a small quantity of a product and a large number of people want to purchase the product, the demand will cause the price of the product to go up.
If a company raise its price for the holiday over the equilibrium pricethe demand will?
If a company chooses to raise prices during the holidays, they will sell less of that product. Some consumers reservation price will be lower than the new price so they will not buy the product. This is represented by a movement along the demand curve, NOT a shift of the demand curve.
When a company produces a small quantity of a product and a large number of people want to purchase the product is true?
Supply is low, demand is high, and the product is priced high. What is the point in learning the crap?
What economic term means the willingness of consumers to purchase a specific amount of a product at different prices?
Demand is the economic term meaning the willingness of consumers to purchase a specific amount of a product at different prices.
What term describes the total demand of all consumers for a company's product or service?
market demandAnother AnswerGlobal market demand would cover all consumers.
What happens when a company produces a small quantity of a product and a large number of people want to purchase the product?
When a company produces a small quantity of a product and a large number of people want to purchase the product, the demand will cause the price of the product to go up.
What is understocking?
Understocking involves supply and demand. When a company that produces a product understocks, this means that they produce less of the product than is in demand by consumers. In theory, this could be used to increase the demand of the product, therefore increasing the amount that a company can charge for the product. A company's goal is to produce enough of a product to meet, or only slightly less than meet the demand of said product. too much understocking, and the company doesn't sell enough of the product, and they lose money. If they produce too much of the product, than they don't sell their inventory, and prices go down, thus losing money.
When a company produces a large quantity of a product but not many people purchase the product is true?
When a company produces a large quantity of a product but not many people purchase the product the supply is high, demand is low, and the product is priced low.
When a company produces a small quantity of a product and a large number of people want to purchase the product what happens?
When a company produces a small quantity of a product and a large number of people want to purchase the product, the demand will cause the price of the product to go up.
Can you give five examples of negative demand?
Offensive advertising, false advertisement, low quality product, product misrepresentation, and company reputation can all cause negative demand, which is the determination of consumers not to buy a product.
When a company produces a small quantity of product and a large number of people want to purchase the product what is true?
Supply is low, demand is high, and the product is priced high.
What is nonexistent demand?
when consumers are unaware of or interested in the product
When a company produces a small quantity of a product and a large number of people want to purchase the product, which of the following is true?
Supply is low, demand is high, and the product is priced high.
Change in market price?
Changes in the market price is determined by demand of a product. If consumers demand the product, then the price will increase.
Is determined by how many consumers want to buy a product?
demand
The general willingness of consumers to purchase a product at various prices is .?
Demand is the general willingness of consumers to purchase a product at various prices.
