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Can factors that effect demand also affect supply?
no
Factors affecting demand for a commodity?
price of a commodity, the higher the prices, the lower the demand if there is not a equiblirum condition between demand and supply then it affect commodity demand , inflation and income, and monopoly in some commodity in some area is also affect demand of commodity
How would lack of product affect supply and demand?
A lack of product (a.k.a. a shortage) would primarily cause an increase in the price of the good or service. An increased price means more supply, but it also means less demand.
What are the factors that influence supply in shipping?
Several key factors influence supply in shipping, including global trade patterns, fuel prices, and shipping regulations. Economic conditions, such as demand fluctuations for goods, can affect the availability of shipping capacity. Additionally, technological advancements and infrastructure developments can enhance efficiency and increase supply. Seasonal variations and geopolitical events can also disrupt or boost shipping supply levels.
When does The construction of demand and supply curves assumes that the primary variable influencing decisions to produce and purchase goods?
The construction of demand and supply curves assumes that the primary variable influencing decisions to produce and purchase goods is price. As prices fluctuate, they impact both consumer demand and producer supply, leading to shifts along the curves. Other factors, such as income, preferences, and production costs, can also influence these decisions but are typically held constant when analyzing the basic demand and supply relationship. This simplification allows for a clearer understanding of how price changes affect market equilibrium.
Can factors that effect demand also affect supply?
no
Factors affecting demand for a commodity?
price of a commodity, the higher the prices, the lower the demand if there is not a equiblirum condition between demand and supply then it affect commodity demand , inflation and income, and monopoly in some commodity in some area is also affect demand of commodity
What is the change in business environment?
Negative changes in a business environment would be such factors that affect supply and demand like severe weather, a bad supply line, cunsumer decline/disinterest, inflation, and so on. The affects can also be positive like a corperate expansion, cheaper supply lines, and more consumer demand. All in all, it's anything that affects your flow of business.
How would lack of product affect supply and demand?
A lack of product (a.k.a. a shortage) would primarily cause an increase in the price of the good or service. An increased price means more supply, but it also means less demand.
What are the factors that influence supply in shipping?
Several key factors influence supply in shipping, including global trade patterns, fuel prices, and shipping regulations. Economic conditions, such as demand fluctuations for goods, can affect the availability of shipping capacity. Additionally, technological advancements and infrastructure developments can enhance efficiency and increase supply. Seasonal variations and geopolitical events can also disrupt or boost shipping supply levels.
When does The construction of demand and supply curves assumes that the primary variable influencing decisions to produce and purchase goods?
The construction of demand and supply curves assumes that the primary variable influencing decisions to produce and purchase goods is price. As prices fluctuate, they impact both consumer demand and producer supply, leading to shifts along the curves. Other factors, such as income, preferences, and production costs, can also influence these decisions but are typically held constant when analyzing the basic demand and supply relationship. This simplification allows for a clearer understanding of how price changes affect market equilibrium.
What factors determine supply and demand of iron ore?
The supply and demand of iron ore are influenced by several factors, including global economic growth, particularly in steel-producing countries like China, which drives demand for iron ore. Supply is affected by mining production levels, technological advancements, and regulatory policies in producing countries. Additionally, fluctuations in prices and the availability of substitutes, such as scrap steel, can also impact both supply and demand dynamics. Seasonal factors and geopolitical events may further disrupt production and trade flows.
Relationship between demand and supply?
1:inverse relationship between supply and demand 2:supply depends upon the demand of a commodity, that it might be positive or negative. 3:supply always depends upon demand but demand never depends to supply. 4:a supply never affects the demand of a commodity but demand always affect to its supply. 5:demand is the initial stage but supply is the stage after demand. 6:supply have a positive relations to price whereas demand has a negative relations with price. 7:supply and price has a direct relations or positive relation. 8:law of supply relates to the price and supply of a particular commodity in a particular time period. 9:price has a connections with demand and supply that it affects both supply in a positive way and demand in a negative way and if price changes then both demand and supply will change. 10:demand curve shows the changes positions of demand in a different price level of a particular commodity where demand schedule also shows the changes positions of demand in a different price level of a particular commodity, hence both have a common objectives to depict the same result in a different way.
How will the discovery of a huge new supply of oil affect the price of oil?
The discovery of a large new supply of oil is likely to lead to a decrease in oil prices due to increased availability in the market. With more supply, the balance between supply and demand shifts, generally resulting in lower prices if demand remains constant. Additionally, expectations of future supply can also influence current prices, potentially leading to a market correction. However, the actual impact on prices will depend on various factors, including geopolitical stability, production costs, and global demand trends.
What do scholars talk about when they discuss economics?
When scholars discuss economics they talk about how to understand demand and supply. They also assess how businesses affect the economy.
When demand increases and supply is perfectly elastic what will be the effect?
there will be no change in price because as demand will increase supply will also increase.
What determines the price of a good or service in the market?
The price of a good or service in the market is determined by the interaction of supply and demand. When demand for a product is high and supply is limited, prices tend to rise. Conversely, when supply is high and demand is low, prices tend to fall. Other factors such as production costs, competition, and government regulations can also influence pricing.
