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Q: How does an entrepreneur converts a demand into the supply?
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What are the factors that can influence demand for land labor capital entrepreneur?

Supply, demand, price, and cost would be the factors.


Skills of successful entrepreneur?

A successful entrepreneur knows how to source goods from a place with high supply and take them to a place with low supply but high demand. He charges a premium to offer those goods. He always seeks to find a competitive edge over other businessmen offering the same products.


Demand rises and supply is constant?

No. If demand rises, then supply falls. Transveresly, if demand falls, then supply rises.


What happens if there is not enough supply for the demand?

If there is not enough supply for the demand, the demand won´t be able to buy the supply


Law of demand and supply?

Consumers is the law of supply and demand.


Sentence with supply and demand?

Her supply of tight sweaters increases the demand for her as a date on the weekend.


What happens if theres more demand than supply?

When there is more supply than demand, there is commonly a drop in price of the product in an effort to increase the demand and achieve the equilibrium between supply and demand once again. Supply and demand are like a see-saw. As supply goes down, demand goes up; as demand goes up, supply goes down.


What happens if there is more supply than demand?

When there is more supply than demand, there is commonly a drop in price of the product in an effort to increase the demand and achieve the equilibrium between supply and demand once again. Supply and demand are like a see-saw. As supply goes down, demand goes up; as demand goes up, supply goes down.


Why demand curve slops downward from left to right?

The demand / supply graph is designed to have supply on the vertical axis (Y) and demand on the horizontal (X). Thus you will have a higher supply = lower demand, or lower supply = high demand.


Theory of demand supply?

The theory of supply and demand is that when supply are plentiful, they are typically more affordable and easier to find. When supply is low, demand and prices increase as a result.


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 happens if demand curve interacts with the supply curve?

Then demand and supply are equal.