0
Does the supply of a product refer to the number of similar products that will be bought at a given time and at a given price?
Wiki User
∙ 6y ago
No. The supply is the number of similar products that are AVAILABLE at a given time and a given price. If the demand for the product at that price is less than the supply, not all the product will be bought (you will have some surplus product). In that case, "the number of similar products that will be bought at a given time and at a given price" represents the DEMAND (not the supply).
It's called the law of supply and demand. Here's how it works. If the ratio of demand/supply is constant, then the price should remain constant. However, if that ratio increases, then the price should go up. If that ratio decreases, then the price should go down. If price goes down without changing the supply, then that will likely increase demand, changing the ratio of demand/supply, and resulting in the price increasing. If price goes up without changing supply, then that will likely result in reducing demand, resulting in changing the ratio of demand/supply, resulting in the price going down.
Wiki User
∙ 6y ago
Add your answer:
Earn +20 pts
What accurately describes a shortage?
Consumer demand for a certain product or good is greater than the number of products or goods that can be produced.
What accurately describes shortages?
Consumer demand for a certain product or good is greater than the number of products or goods that can be produced.
What exists when a large number of sellers produce products tht are very similar but are perceived by buyers as different?
Monopolistic competition
What exists when a large number of firms produce goods that are similar but are perceived by buyers as being different?
Monopolistic competition is when a large number of firms produce goods that are similar but are perceived by buyers as being different. When the entire supply of a product is from one seller it is a monopoly.
What centers do manufacturers ship their products to in order to release their goods?
Manufacturers may ship their products to a number of places depending on their transportation system. Some manufacturers have depots at which they send their products to be shipped. Some may have the shipping company take the product directly from the factory to the consumer.
Does the supply of a product refer to the number of similar products that will be bought a given time and at a given price?
whats 9+10= 21
Does the supply of a product refer to the number of similar products that will be bought at a given time and a given price?
whats 9+10= 21
Does a supply of a product refer to the number of similar products that will be bought at a given time and at a given price?
No. The supply is the number of similar products that are AVAILABLE at a given time and a given price. If the demand for the product at that price is less than the supply, not all the product will be bought (you will have some surplus product). In that case, "the number of similar products that will be bought at a given time and at a given price" represents the DEMAND (not the supply). It's called the law of supply and demand. Here's how it works. If the ratio of demand/supply is constant, then the price should remain constant. However, if that ratio increases, then the price should go up. If that ratio decreases, then the price should go down. If price goes down without changing the supply, then that will likely increase demand, changing the ratio of demand/supply, and resulting in the price increasing. If price goes up without changing supply, then that will likely result in reducing demand, resulting in changing the ratio of demand/supply, resulting in the price going down.
What types of products have 6rb in their product number?
The types of products with 6rb in the product numbers are related to the Solo cup. They offer many sizs and styles for this product and product number.
Where can Ole Henriksen products be bought?
Ole Henriksen products can be bought online from a number of places such as salonskincare and Amazon. They can also be bought in good pharmacists and the larger supermarkets.
What is product width?
Product width refers to the number of product lines sold by one company. The product line refers to the same kind of product but falls in same categories products are similar in their main characteristics. for example the products produced by hindustan unilever:soaps,beverages,washing powders etc. soap is one product line and beverages is other. But sum total ofall of these product line is width of product mix.
What are the products of the number 60?
A single number cannot have a product - a product is the multiplication between two or more numbers.
How are reactant atoms and molecules similar to their product atoms and molecules?
The numbers of atoms with the same atomic number are the same in both reactants and products in any chemical reaction.
What is meant by product mix decisions?
The product mix is the number of varieties of product that a company sells. Product mix decisionsÊinclude which varieties of product to sell, as well as whether to create new products or to discontinue existing products.
How you decided on the number of zeros in the products for 145601000?
One number cannot make a product.
What is product line length?
concerned with length. by adding items or "the number of item or products in a product line"
What are the dimensions of product mix?
There are no set dimensions of product mix. It depends on the size of the company, number of products, product lines, and variations of each product.
