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producers will supply as the good price
Producers will supply more of a product as the price goes up. A+
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∙ 9y ago
Madison
Producers will supply more of a product as the price goes up. A+
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Law of supply and demand Give an example of how it relates to the environment?
Demand refers to how much of a product or service is desired by buyers, and supply represents how much the market can offer. ChaCha 24/7!
When according to the law of supply and demand when supply increases what else happens?
According to the law of supply and demand when supply increases, prices will decrease.
Microeconomics refers to?
The laws of supply and demand
True or False A Change in supply refers to a movement along the supply curve?
true
Explain the law of supply in your own words?
Law of supply: If demand is held constant, an increase in supply leads to a decreased price, while a decrease in supply leads etc
What statement refers to the law of supply?
Law of supply states that other factors remaining constant, supply is the function of its price where an increase in price of the commodity increases quantity supplied in the the market and a decrease in price reduces quantity supplied.
What is renal blood supply?
The term, renal, refers to the kidney. Therefore, renal blood supply refers to blood supply of the kidney.
The law supply and demand and give an example of how it relates to the environment?
Demand refers to how much of a product or service is desired by buyers, and supply represents how much the market can offer. ChaCha 24/7!
Law of supply and demand Give an example of how it relates to the environment?
Demand refers to how much of a product or service is desired by buyers, and supply represents how much the market can offer. ChaCha 24/7!
Law of demand and supply?
Consumers is the law of supply and demand.
What According to the law of supply and demand when supply increases what else happens?
According to the law of supply and demand when supply increases, prices will decrease.
Case law refers to?
Case law refers to common law. It is a law that is made by judges through the decision of the court.
When according to the law of supply and demand when supply increases what else happens?
According to the law of supply and demand when supply increases, prices will decrease.
What are the Laws of economics?
Laws of economics are general statements which expresses a relationship of cause and effect between two economic phenomenon. Examples of economic laws: (i) The law of demand states that the higher the price, the lower the damand and the lower the demand the higher the price holding all other factors constant. (ii) The law of supply states the the higher the price, the higher the supply and the lower the price the lower the supply holding all other factors constant.
What is the difference between 'a law' and 'the law'?
"A law" refers to one specific law or statute. "The law" is a broader philosophical term that refers to the overall system of jurisprudence.
Where can one find information regarding the law of supply?
The law of supply is a fundamental principle of economic theory. One can find information about the law of supply on various websites like Wikipedia and Investopedia. These sites provide a lot of information regarding the law of supply.
What does pythagorean mean?
It refers to Pythagoras. More often than not, it refers to statements about the measures of the sides of right angles triangles.
