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if price of input for any product good is influence by
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What is a vicious circle of poverty show it or explain it both demand and supply sides?
what is a vicious circle of poverty show it or explain from both demand and supply sides
Explain what happens when the demand curve intersects with the supply curve?
explain what happens inside curve sample
Explain the say's law in economics?
states that supply creates its own demand.
Explain briefly what is demand and supply curve?
Supply and demand is perhaps one of the most fundamental concepts of economics and it is the backbone of a market economy. Demand refers to how much quantity of a product or service is desired by buyers. The quantity demanded is the amount of a product people are willing to buy at a certain price; the relationship between price and quantity demanded is known as the demand relationship. Supply represents how much the market can offer. The quantity supplied refers to the amount of a certain good producers are willing to supply when receiving a certain price. The correlation between price and how much of a good or service is supplied to the market is known as the supply relationship. Price, therefore, is a reflection of supply and demand.
For a given increase in supply the slope of both demand curve and supply curve affect the change in equilibrium quantity Is this statement true or false Explain with diagrams?
For a given increase in supply the slope of both demand curve and supply curve affect the change in equilibrium quantity Is this statement true or false Explain with diagrams?
What is a vicious circle of poverty show it or explain it both demand and supply sides?
what is a vicious circle of poverty show it or explain from both demand and supply sides
Explain the process of supply and demand and how prices rise and fall?
Prices will fall when the demand is much lower than the supply. When the supply is lower, there is greater demand, therefore, the prices will rise.
What do you study in Economics in VCE?
The Australian Market system and basic economic concepts such as demand and supply.
Explain what happens when the demand curve intersects with the supply curve?
explain what happens inside curve sample
Explain the say's law in economics?
states that supply creates its own demand.
Explain how the aggregate demand aggreagate supply model differs from the aggrgate expenditures model?
FOUNDATION OD AGRAGET DEMAND?
Explain briefly what is demand and supply curve?
Supply and demand is perhaps one of the most fundamental concepts of economics and it is the backbone of a market economy. Demand refers to how much quantity of a product or service is desired by buyers. The quantity demanded is the amount of a product people are willing to buy at a certain price; the relationship between price and quantity demanded is known as the demand relationship. Supply represents how much the market can offer. The quantity supplied refers to the amount of a certain good producers are willing to supply when receiving a certain price. The correlation between price and how much of a good or service is supplied to the market is known as the supply relationship. Price, therefore, is a reflection of supply and demand.
For a given increase in supply the slope of both demand curve and supply curve affect the change in equilibrium quantity Is this statement true or false Explain with diagrams?
For a given increase in supply the slope of both demand curve and supply curve affect the change in equilibrium quantity Is this statement true or false Explain with diagrams?
Explain the law of supply in your own words?
Law of supply: If demand is held constant, an increase in supply leads to a decreased price, while a decrease in supply leads etc
Use economic theory to explain why there might be such a range of prices in airline tickets?
Very simply - supply and demand
Define the term equilibrium Explain the changes in market equilibrium and effects to shifts in supply and demand?
madarchode machudda
What are the Keynes' critiques on classical economics?
One of the main critiques is on say's law, which is that supply creates its own demand. In a nutshell Keynes was able to explain the great depression by saying that demand creates supply. This is extremely simplified.
