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What happens to prices when supplies are limited?
The oil pries raise
When supplies of goods and services become plentiful prices tend to rise?
True. And follow me on twitter. @xPerkz
How do prices influence economic behavoir?
If prices are high, people tend to spend less. If prices are low, people tend to spend more.
Whenever there is competitive rivalry what do prices tend to do?
Drop.
What are the various forms of consumers exploitation?
1)Limited information 2) Limited supplies 3) limited competition 4) Low literacy 1)Limited information 2) Limited supplies 3) limited competition 4) Low literacy 1)Limited information 2) Limited supplies 3) limited competition 4) Low literacy
When supplies are endless prices tend to .?
Decrease
When supplies are limited priced tend to?
increase
How does the law of supply and demand operated?
That law states that when supplies of goods and services become plentiful, prices tend to drop. When supplies become scarcer, prices tend to rise.
How does the law of supply of demand operate?
That law states that when supplies of goods and services become plentiful, prices tend to drop. When supplies become scarcer, prices tend to rise.
What happens to prices when supplies are limited?
The oil pries raise
When supplies are limited prices tend to change in what manner?
The economic laws of supply and demand come into play regarding this question. As supplies of a major commodity, rice, for example, goes down, then the price of rice on a wholesale level and at the grocery store will go higher.
When supplies of goods and services become plentiful prices tend to rise?
True. And follow me on twitter. @xPerkz
Why did prices increase during world war 1?
Well, there were limited supplies to be sold and many people were willing to pay more for their daily goods so shops took advantage of that and increased prices.
What general statement can you make about the supply of fossilfuels given what you know about their formation?
Fossil fuel supplies are limited and not easily replaced. The principle of supply and demand suggests that as hydrocarbon supplies diminish, prices will rise. Therefore higher prices will lead to increased alternative, renewable energy supplies as previously uneconomic sources become sufficiently economical to exploit.
How do prices influence economic behavoir?
If prices are high, people tend to spend less. If prices are low, people tend to spend more.
Why was the Farmer's Alliance formed in the 1870s?
to negotiate lower prices for supplies.
Where can one purchase XL Video supplies for cheap prices?
One can purchase XL Video supplies for cheaper prices at Nextag Sellers and Amazon. The best prices and quality can be found on these two sites online.
