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a monopoly if it has a high demand can push prices up simply people will pay for something that is in demand where as a monopoly with low demand will carry on selling the item for less but the way a monopoly works means that the person who is operating the monopoly will shift the supply lower to always push the price up.
What else can I help you with?
How do price changes affect equilibrium?
Price changes affect the equilibrium price and quantity by Serving as a tool for distributing goods and services.
What effects supply and demand?
Fluctuations in the price of goods. The affect of demand on price is directly proportional and supply's affect on price is indirectly proportional.
How did improvements in transportation affect the price of goods?
Roads made it possible for cheaper domestic transportation of goods
What affect will reducing trade barriers between countries have on the price of goods?
the effect reducing trade barriers between countries have on the price of goods are types of names
How does the price elasticity of demand influence the pricing strategies of monopolies?
The price elasticity of demand affects how monopolies set prices. If demand is elastic (responsive to price changes), monopolies may lower prices to increase revenue. If demand is inelastic (not responsive), monopolies can raise prices without losing many customers. Monopolies use this information to maximize profits and maintain their market power.
How could the price increase affects the monopolies?
It's really hard to say exactly how the price increase will affect the monopolies, because there are so many variables.
How does the price system affect goods and services?
goods and services whether it may be anything price will be there for it
How do price changes affect equilibrium?
Price changes affect the equilibrium price and quantity by Serving as a tool for distributing goods and services.
What effects supply and demand?
Fluctuations in the price of goods. The affect of demand on price is directly proportional and supply's affect on price is indirectly proportional.
How do prices affect equilibrium?
Price changes affect the equilibrium price and quantity by Serving as a tool for distributing goods and services.
How did improvements in transportation affect the price of goods?
Roads made it possible for cheaper domestic transportation of goods
What makes a price elastic?
If a change or increase in price will affect demand. Elastic goods are usually those that the consumer does not NEED to purchase, such as luxury goods. When the producer increases price, demand will usually increase. Inelastic goods are those that the consumer needs to buy no matter what the price is, such as milk or salt. A sale or price increase won't affect the demand at all.
What affect will reducing trade barriers between countries have on the price of goods?
the effect reducing trade barriers between countries have on the price of goods are types of names
How does the price elasticity of demand influence the pricing strategies of monopolies?
The price elasticity of demand affects how monopolies set prices. If demand is elastic (responsive to price changes), monopolies may lower prices to increase revenue. If demand is inelastic (not responsive), monopolies can raise prices without losing many customers. Monopolies use this information to maximize profits and maintain their market power.
What affect on agriculture will increasing fuel costs have?
It will increace the price of primary goods.
How does price changes affect equilibrium?
By serving as a tool for distributing goods and services.
How do price incentives affect people's behavior when shopping or buying goods?
the prices lowered
