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Why might a rise in the price of electric razors results in an increase in demand for nonelectric?
Wiki User
∙ 11y ago
If the price of electric razors is suddenly higher, then fewer people can afford to buy or choose to buy the electric razors. Therefore, demand might increase for the more affordable nonelectric razors.
(gradpoint) because people might decide to shift to nonelectric razors to save money
Ben Pouros
Wiki User
∙ 8y agoIf the price of electric razors is suddenly higher, then fewer people can afford to buy or choose to buy the electric razors. Therefore, demand might increase for the more affordable nonelectric razors.
(gradpoint) because people might decide to shift to nonelectric razors to save money
Wiki User
∙ 11y agobecause nonelectric razors work better than electric razors((:
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Why might the rise in the price of electric razors result in an increase in demand for nonelectric razors?
If the price of electric razors is suddenly higher, then fewer people can afford to buy or choose to buy the electric razors. Therefore, demand might increase for the more affordable nonelectric razors. (gradpoint) because people might decide to shift to nonelectric razors to save money
Why might a rise in the price of electric razor result in an increase in demand for nonelectric razors?
If the price of electric razors is suddenly higher, then fewer people can afford to buy or choose to buy the electric razors. Therefore, demand might increase for the more affordable nonelectric razors. (gradpoint) because people might decide to shift to nonelectric razors to save money
What best describes the economic effect that results from a government budget surplus?
Overall demand decreases reducing the incentive for producers to increase production
Why an increase in price does not results in a decrease in demand?
Think about it--when something goes up in price do you want to buy it more? No.
What is the difference between increase in demand and an increase in quantity demand?
Increase in demand::It imply rightwaed shift of demand curve.Therefore change in factors other than price.1. increase in taste increase in demand curve2. increase in popoulation increase in demand curve3. increase in income increase demand if normal good4. fall in income increase demand if an inferior good5. increase in price of substitute (pepsi) increase demand for good(coke)6. fall in price of complement (beer) increase demand for good7. if we expect the price of the product to increase in the future , our demand today will increase.Increse in quantity demanded::Movement up the demand curve.Therefore change in price-------- increase in price cause a decrese in quantity demanded,decrese in price cause an increase in quantity demanded .
What happens to demand and demand curve when there is an increase in the factor?
If there is an increase in demand then a new demand curve appears to the right of the original, but if there is an increase in quantity demanded, then there will only be an increase in price and a new demand curve will not appear.
Which of the following best describes the economic effect that results from the government having budget surplus?
Demand increases, pushing producers to increase supply --> overal demand decreases, reducing the incentivefor producers to icrease production
Why is the demand for labor referred to as a derived demand?
Derived demand results from a demand for increase in intermediates goods or production resulting from another demand resulting for final or intermediate goods. For example, a demand for an item can make its production increase, which makes its labor increase.
Is an increase in demand represented by a movement up the demand curve?
An increase in demand is represented by a shift of the demand curve to the right; not a movement along the demand curve. An increase in the quantity demanded would be a movement down the demand curve.
What is expected demand?
Answer Scarcity causes demand and demand establishes a market, ultimately the sales increase. I think that 'increase of sales' is the expected demand.
Is results a noun?
Yes, the word result is a noun (result, results) and a verb (result, results, resulting, resulted).Examples:The result of the election was that Joe won. (noun)An increase in demand will result in an increase in price. (verb)
What is the best describes the economic effect that results from the government having a budget surplus?
Overall demand decreases reducing the incentive for producers to increase production
