0
Cotton consumers, such as clothiers, pay less for cotton and generally speaking will make more profit. Cotton producers will get less money for their product, and generally speaking make less profit.
Wiki User
∙ 13y ago
Add your answer:
Earn +20 pts
Why prices of gold increase or decrease in the market?
Because pickles
Why can the law of demand apply only in a free market economy?
demand refers to need for a resource. the law of demand states that an increase in demand will result in an increase in price, ceteris paribus. in a free market economy, sellers are free to increase prices when demand increases. in a closed economy prices are controlled by government. an increase or decrease in demand doesn't affect prices.
How did the Cotton industry have an impact of the Depression during the 1930s?
The cotton industry was one of the hardest hit during the Great Depression of the 1930s. It was said that crop prices fell by an estimated 60%. Cotton was considered a cash crop and when the stock market fell, so did the prices on cotton resulting in devastating losses.
How does scarcity affect the prices of goods and services in a market?
Scarcity causes raises in prices, as there is less of a product or service. -Yackna anwsered this
Supply decrease and demand is constant?
If the supply decrease and demand is constant, it will result into higher prices for the good. Ideally, this will automatically make the demand higher than market supply which creates scarcity.
What cause the low cotton prices after the war?
lincon'
Why prices of gold increase or decrease in the market?
Because pickles
How does competitiors low prices affect your sales?
Obviously it will decrease your sales if their prices are below yours.
How did the stock market crash of 1929 affect Georgia?
The 1929 market crash affected every state, including Georgia. Georgia had it especially rough since its cotton fields were also plagued by the boll weaver bug which caused cotton production to fall and prices to decline.
How did the Market Revolution affect the prices?
The Market Revolution made more goods available for sale, which lowered prices.
Why can the law of demand apply only in a free market economy?
demand refers to need for a resource. the law of demand states that an increase in demand will result in an increase in price, ceteris paribus. in a free market economy, sellers are free to increase prices when demand increases. in a closed economy prices are controlled by government. an increase or decrease in demand doesn't affect prices.
How did the Cotton industry have an impact of the Depression during the 1930s?
The cotton industry was one of the hardest hit during the Great Depression of the 1930s. It was said that crop prices fell by an estimated 60%. Cotton was considered a cash crop and when the stock market fell, so did the prices on cotton resulting in devastating losses.
Match each term below with its corresponding stock market activity.?
a crash-there's a major decrease in stock prices a bubble-stock prices are higher than their real value bull market-there's a general upward trend in stock prices
How does the manufacturing of synthetics fiber affect the cotton farmers?
If more synthetic fibers are available, less cotton fiber will be needed. Less need for cotton means lower prices for it. If prices go down, production of cotton will be reduced until supply and demand reach a balance. If less cotton is grown, the farmers must plant other crops. Synthetic fibers affect cotton farmers because if they can make their own clothes, there's no point in cotton being grown. If more synthetic fibers are available, less cotton fiber will be needed. Less need for cotton means lower prices for it. If prices go down, production of cotton will be reduced until supply and demand reach a balance. If less cotton is grown, the farmers must plant other crops.
How does scarcity affect the prices of goods and services in a market?
Scarcity causes raises in prices, as there is less of a product or service. -Yackna anwsered this
What is the likely long-term effect of higher gas prices on the labor market?
The amount of jobs available and wages paid will decrease
Supply decrease and demand is constant?
If the supply decrease and demand is constant, it will result into higher prices for the good. Ideally, this will automatically make the demand higher than market supply which creates scarcity.
