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businesses can charge more if supply is limited and demand is high
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∙ 12y ago
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Market structure in Economics?
the size and the form of a market that is able to effect the demand and supply is known as market structure in economics.
When supply and demand decreases real estate prices will?
The (market) prices affect supply and demand, not the other way around except if the supply and demand you're talking about are caused in another market than real estate.
What determines the prices of goods and services in the product market?
Supply and demand. Supply and demand determines the prices of goods and services in the market.
Point where demand and supply meet?
The point where supply and demand meet is called market equilibrium.
Example of market equilibrium?
Market equilibrium is when the demand of the product and the supply of the product is equal. If either demand or supply changes, then the equilibrium adjusts.
What two factors determine market structure?
demand and supply
Market structure in Economics?
the size and the form of a market that is able to effect the demand and supply is known as market structure in economics.
When supply and demand decreases real estate prices will?
The (market) prices affect supply and demand, not the other way around except if the supply and demand you're talking about are caused in another market than real estate.
What determines the prices of goods and services in the product market?
Supply and demand. Supply and demand determines the prices of goods and services in the market.
Point where demand and supply meet?
The point where supply and demand meet is called market equilibrium.
Example of market equilibrium?
Market equilibrium is when the demand of the product and the supply of the product is equal. If either demand or supply changes, then the equilibrium adjusts.
A market economy is based on?
Supply and demand
What is Market equilibrium?
Market equilibrium is this situation when market demand is equal of market supply
What best explains why the law of supply and demand has an effect on labor market?
In the law of supply and demand the effect on the Labor Market is that labor is a commodity.Labor is a commodity
How Excess demand and excess supply eliminated by market forces?
Excess demand is easily eliminated by market forces. If either the price or the supply goes up, demand will decrease exponentially.
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 Market is made up off in Economics?
Market is made up of consumers where the element of product/service demand occurs. When the demand is generated suppliers have to fulfill the demand of the customers through the supply of product/service. In short demand and supply makes the market.
