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Does the law of demand state that more of a product will be purchased at low prices than at high ones?
Wiki User
∙ 11y ago
Demand is how much of a commodity is being purchased, lower price makes commodities more attractive, therefor demand grows.
Wiki User
∙ 11y ago
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What is stable prices?
A state where there is no price changes either by government price restrictions or unchanged demand and supply.
What is equilibrium in a real estate market?
The state in which real estate market supply and demand balance each other and, as a result, prices become stable. Generally, when there is too much supply for goods or services, the price goes down, which results in higher demand. The balancing effect of supply and demand results in a state of equilibrium.
The law of demand state that all else constant?
The law of demand states that all other factors being equal, as the price of a good or service increases, consumer demand for the good or service will decrease. The opposite happens if the price decreases the need for the good or service increases.
Why is it good to have a diversified economy?
It is good for the entire state that different kinds of industries were growing. This kind of diversification makes the state economy stronger. With many industries and many different products, the state can still prosper, even if there is a drop in the demand for one product.
How is a demand curve similar to a demand schedule?
The demand curve and schedule state the same information as each other.
Does the law or demand state that more of a product will be purchased at low prices than at high ones?
yes
What is stable prices?
A state where there is no price changes either by government price restrictions or unchanged demand and supply.
What is a Equilibrium in a market?
The state in which real estate market supply and demand balance each other and, as a result, prices become stable. Generally, when there is too much supply for goods or services, the price goes down, which results in higher demand. The balancing effect of supply and demand results in a state of equilibrium.
What is equilibrium in a real estate market?
The state in which real estate market supply and demand balance each other and, as a result, prices become stable. Generally, when there is too much supply for goods or services, the price goes down, which results in higher demand. The balancing effect of supply and demand results in a state of equilibrium.
The law of demand state that all else constant?
The law of demand states that all other factors being equal, as the price of a good or service increases, consumer demand for the good or service will decrease. The opposite happens if the price decreases the need for the good or service increases.
Are prices at Walgreens.com supposed to be the same as in the store?
Not necessarily. They can vary a bit by state or region based on cost of living, shipping costs, and supply and demand.
Is sales tax included when a product is purchased with a credit card?
Yes. Unless, of course, if you are buying something in another state online.
Explain why computer prices are decreasing even though computer functionality is increasing?
Suppy is high, while demand is low; perhaps due to the state of the economy.
Is a car titled in the state it was purchased in or the state of the original owner?
State where it was purchased from.
When did State Committee on Prices end?
State Committee on Prices ended in 1991.
When was State Committee on Prices created?
State Committee on Prices was created in 1958.
Is the sales tax for an auto purchased out of state based on the state in which it is purchased or the state in which the car is ultimately registered?
Where it is registered.
