0
Consumers expect certain goods and services to be available on demand during?
Wiki User
∙ 14y ago
both high and low demand periods
Wiki User
∙ 14y ago
Add your answer:
Earn +20 pts
What is demand and quantity of demand?
Demand is a function that defines how much of a certain good are the consumers willing to purchase at a given price.Quantity of demand is the quantity of a certain good the consumers are willing to purchase at a given price, as defined by the function of demand.
What is the Cause of demand pull-inflation?
Consumers want more and more goods and services - APEX
What goods or services might a tax increase be hardest to pass on to consumers?
a product with elastic demand
How does supply and demand affect consumers?
Supply and demand are vital to consumers. If a product is in high demand the supply has to go up which can increase prices because of the demand. Prices end up going up because more has to be shipped and it would have to get to the location of demand in a certain time.
Consumers create a demand for something by?
Consumers create a demand for something by?
What is demand and quantity of demand?
Demand is a function that defines how much of a certain good are the consumers willing to purchase at a given price.Quantity of demand is the quantity of a certain good the consumers are willing to purchase at a given price, as defined by the function of demand.
What is unwholesome demand?
Unwholesome demand is when consumers are attracted to certain products that have undesirable social consequences.
What is an economic system in which production of goods and services is determined by demand from consumers?
A market economy is an economic system in which the production of goods and services is determined by the demand from consumers. Prices are set by supply and demand in the market, and businesses respond to consumer preferences in order to maximize profit.
Supply is the quantity of good and services available for what?
demand
What is the Cause of demand pull-inflation?
Consumers want more and more goods and services - APEX
What goods or services might a tax increase be hardest to pass on to consumers?
a product with elastic demand
How does supply and demand affect consumers?
Supply and demand are vital to consumers. If a product is in high demand the supply has to go up which can increase prices because of the demand. Prices end up going up because more has to be shipped and it would have to get to the location of demand in a certain time.
Why do businesses might want to create demand?
Its Simple! When Businesses Will Create Demand, Consumers Will purchase their Goods Or Services; In Result, Their Will Increase Their Sales & Profit.
What happens when there is too much demand for available goods and services?
When there is too much demand for available goods/services, there is a shortage. To meet this excess demand, firms increase production (at higher costs) until demand = supply. Thus, a shortage generally implies price is too low.
Consumers create a demand for something by?
Consumers create a demand for something by?
In a market economy will producers produce the goods and services that consumers demand?
Yes they will produce the goods in demand if they see it as profitable to themselves.command
What does product diversity mean?
Competitive markets exist when there is genuine choice for consumers in terms of who supplies the goods and services they demand
