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When the demand goes up or if the supply goes down of this good.
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∙ 11y ago
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Which of these statements refers to the law of supply?
producers will supply as the good price Producers will supply more of a product as the price goes up. A+
If the price of a product goes up by 10 percent and the quantity demanded goes up by the 20 percent the product is an inferior good.?
yes
The principles that states that the consumer will buy less as the price increases?
supply and demand/ it states that as the price of a good or service goes down the more demand will increase and as the price goes up demand decreases
What is the Law of Supply and demand?
When the supply goes down, the price goes up because there is a shortage and there are less to be sold. When supply goes up on account of high prices, the price goes down because there is a surplus. If the demand goes up, the price goes up because people will pay more for it than usual. If the demand goes down due to the increased price, the price goes down.
What are the reasons for negative relationship between price and quantity demanded?
Price and demand have an inverse relationship. Therefore, if the price goes up, the demand goes down; the price goes down, the demand goes up.
When the selling price goes up what is the relationship to the quantity supplied?
cost of production goes down
When the selling price of a good goes up what is relationship to the quantity supplied?
In most cases, the quantity goes down since the demand is higher that what is being supplied, leading to high competition. But yes
Which of these statements refers to the law of supply?
producers will supply as the good price Producers will supply more of a product as the price goes up. A+
How do you calculate selling price if you know the profit mark up and cost price?
Cost price * markup + tax = selling price
Why is the selling price after mark up greater than selling price after discount?
A markup increases the price; a discount decreases it.
Is mark up based on selling price or cost?
Mark up is how much money that the store thinks it can make by selling the product. It is the difference between cost and selling price.
If the price of a product goes up by 10 percent and the quantity demanded goes up by the 20 percent the product is an inferior good.?
yes
In what ammount does the strike price of an option move?
The strike price of an option does not change - strike price is fixed for the duration of the option. The price of the option will move based on the following: * Price of underlying asset (moves with - asset price goes up, option price goes up) * Time left to expiration (moves with - time left goes down, option price goes down) * Volatility of underlying asset (moves with - volatility goes up, option price goes up) * Risk free rate (moves with - risk free rate goes up, option price goes up)
A buying a commodity such as land or stock with the intention of selling it later when the price goes up?
Speculation: the buying of land with the intention of selling at a profit when the market price rises. Source: United States History [in christian perspective] Heritage of Freedom(3rd Ed.)
How can we find the maximum selling price?
Keep putting the selling price up until people stop purchasing the item.
What is the Law of Supply and demand?
When the supply goes down, the price goes up because there is a shortage and there are less to be sold. When supply goes up on account of high prices, the price goes down because there is a surplus. If the demand goes up, the price goes up because people will pay more for it than usual. If the demand goes down due to the increased price, the price goes down.
The principles that states that the consumer will buy less as the price increases?
supply and demand/ it states that as the price of a good or service goes down the more demand will increase and as the price goes up demand decreases
