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The law of supply states that as the price of a good increases, the quantity supplied by producers also increases. Normal goods are products for which the quantity supplied increases when the price goes up, while inferior goods are products for which the quantity supplied decreases when the price goes up.
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Why is it so important to differentiate between these similar sounding terms of the change in supply and change in quantity supplied?
It is very important to differentiate between demand & supply since there are the market forces in which the present economy is running. The market forces will influence the prices of the products & services. In any economy market forces will play an vital role. If the gap between demand and supply increase drastically it leads to and bad position in any economy and thereby it leads to financial crisis.
What causes movement along a supply curve?
there are few things that can affect a movement among the supply curve; for instances prices, low rate of income or inferior goods.
What does an increase in supply of an item usually mean for a consumer?
lots of supply and low demand = lower prices lots of demand and low supply = higher prices demand and supply high = normal prices demand and supply low = normal prices
What are the factors affecting Demand and supply of goods?
price is the main factor which affect demand and supply and other factors which affect demand and supply are change in income weather change living standard of people alternative things superior to inferior
Why is it that short run aggregate supply curve is normal?
Because the supply curve basically is for the short run, and not permanent for the long run. That's why it's considered normal.
Why is it so important to differentiate between these similar sounding terms of the change in supply and change in quantity supplied?
It is very important to differentiate between demand & supply since there are the market forces in which the present economy is running. The market forces will influence the prices of the products & services. In any economy market forces will play an vital role. If the gap between demand and supply increase drastically it leads to and bad position in any economy and thereby it leads to financial crisis.
What is the blood supply to Wernicke's area?
middle cerebral artery, inferior division
The vessels that supply blood to the diaphragm are the?
The vessels that supply blood to the diaphragm are the inferior phrenic arteries and branches of the musculophrenic artery. These blood vessels provide oxygenated blood to the diaphragm, which is essential for its function in breathing.
What tissue does the inferior epigastric artery supply?
Rectus abdominis & medial part of the anterolateral abdominal wall
What coronary artery provides blood supply to the posterior inferior surface of the heart?
right coronary artery
What causes movement along a supply curve?
there are few things that can affect a movement among the supply curve; for instances prices, low rate of income or inferior goods.
What is the normal quantity supply?
bussines
Where does the upper rectum get its blood from?
The upper rectum receives its blood supply from branches of the inferior mesenteric artery from the abdomen
Why were the German's killing the gympies in the 1940s?
They killed the gypsies because they thought they were an inferior race and a strain of the food supply
What does an increase in supply of an item usually mean for a consumer?
lots of supply and low demand = lower prices lots of demand and low supply = higher prices demand and supply high = normal prices demand and supply low = normal prices
What is the main blood supply to the small bowel?
The primary blood supply to the intestines comes from the three branches from the abdominal aorta. These include the celiac artery and the superior and inferior mesenteric arteries.
What are the factors affecting Demand and supply of goods?
price is the main factor which affect demand and supply and other factors which affect demand and supply are change in income weather change living standard of people alternative things superior to inferior
