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do the equilibruim have to change for the supply or demand change
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∙ 10y ago
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How do prices influence economic behavoir?
If prices are high, people tend to spend less. If prices are low, people tend to spend more.
What do monopolies tend to result in?
in most cases monopolies tend to result in higher prices and lower quantities of supply in the market, thereby destroying a little of what is known as consumer surplus. however in one case, the case of a natural monopoly, the presence of a monopoly leads to lower prices and higher quantity supplied because of the immense fixed cost required for the industry (examples are electricity).
HOW DID SURPLUSES AFFECT THE SUPPLY AND DEMAND ECONOMY?
A surplus will tend to drive the price down.
How do prices serve as incentives in a market economy?
A market economy is one which is runned by market forces.In that,demand and supply are determined by consumers and not the central government or other associates.Whenever prices increase demand decreases and whenever price decreases demand increases.Suppliers decrease thier supply of a commodity whenever they increase prices and decrease thier prices whenever there is a surplus on the market.They do this to clear excess supply.Also,consumers tend to demand more of a product whenever there is an expexted price hike for a good and tend to demand less whenever they expect prices to decrease.make a person take an action
When supplies are endless prices tend to .?
Decrease
Individuals of species that reproduce sexually tend to lack variation True False?
False
True or False Single-member districts tend to encourage third party efforts?
false.
Whenever there is competitive rivalry what do prices tend to do?
Drop.
Is it true that a joint and the muscle that moves that joint tend to be innervated by different nerves?
False, NOT true.
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.
Interpretivist anthropologists tend to write realist ethnographies?
false
