A surplus will tend to drive the price down.
In a free enterprise system, when supply is low and demand is high, prices are higher, but when supply is high and and demand is low, prices are lower.
The concept of Economy is supply equals demand. Without demand there would be no supply which helps make up the economy.
Supply and demand can affect the supply of a in the United Sates, if there is little of a good and another country is willing to pay more for this good then the price goes up.
general equilibrium
supply and demand effects the market economy and commodity prices. with a increase in demand commodity price increases resulting in inflation in economy and viceversa, and with increase in supply by producers there is decrease in commodity price resulting in deflation in economy.
In a free enterprise system, when supply is low and demand is high, prices are higher, but when supply is high and and demand is low, prices are lower.
The concept of Economy is supply equals demand. Without demand there would be no supply which helps make up the economy.
Supply and demand can affect the supply of a in the United Sates, if there is little of a good and another country is willing to pay more for this good then the price goes up.
general equilibrium
supply and demand effects the market economy and commodity prices. with a increase in demand commodity price increases resulting in inflation in economy and viceversa, and with increase in supply by producers there is decrease in commodity price resulting in deflation in economy.
Supply and demand
Supply And Demand is the basis of most activity in a market economy.
Market Economy
When scholars discuss economics they talk about how to understand demand and supply. They also assess how businesses affect the economy.
Fluctuations in the price of goods. The affect of demand on price is directly proportional and supply's affect on price is indirectly proportional.
If significant numbers of people decided to have more children, it may affect supply and demand. It would lead to more demand and less supply.
The Federal Reserve Board can affect the economy by increasing or decreasing the money supply.