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How does the law of supply and demand change a consumers behavior?
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How does supply and demand affect consumers?
Supply and demand are vital to consumers. If a product is in high demand the supply has to go up which can increase prices because of the demand. Prices end up going up because more has to be shipped and it would have to get to the location of demand in a certain time.
What is a demand and supply curve?
A demand and supply curve is used in economic to show that in a competitive market, the price of a product will vary depending on the need of the consumers.
What factor had the greatest influence on elasticity and in elasticity of supply?
Demand from consumers.
A shift in the demand curve is called?
A change in quantity demanded
How is elasticity of supply related to elasticity of demand?
Elasticity of supply refers to the responsiveness of guantity supplied of a commodity to changes in its own price. And the formulafor measuring elasticity of supply percentagechange in quantity supplied/ %change in price
Law of demand and supply?
Consumers is the law of supply and demand.
How does supply and demand affect consumers?
Supply and demand are vital to consumers. If a product is in high demand the supply has to go up which can increase prices because of the demand. Prices end up going up because more has to be shipped and it would have to get to the location of demand in a certain time.
What is a demand and supply curve?
A demand and supply curve is used in economic to show that in a competitive market, the price of a product will vary depending on the need of the consumers.
What is Demand and supply curve?
A demand and supply curve is used in economic to show that in a competitive market, the price of a product will vary depending on the need of the consumers.
Why do the cars keep changing it seems that if somebody buys a little car everybody buys a little car and the manufactures make more little cars?
The law of supply & demand. The auto manufactures build what we consumers damand.The law of supply & demand. The auto manufactures build what we consumers damand.
What factor had the greatest influence on elasticity and in elasticity of supply?
Demand from consumers.
What conditions would change supply and demand?
The economic condition of the area is a condition that can change the balance between supply and demand.
A shift in the demand curve is called?
A change in quantity demanded
How is elasticity of supply related to elasticity of demand?
Elasticity of supply refers to the responsiveness of guantity supplied of a commodity to changes in its own price. And the formulafor measuring elasticity of supply percentagechange in quantity supplied/ %change in price
Is this a change in supply or demand of oranges is it an increase or decrease what will happen to the price of oranges why is this a rip off?
There is often a change in supply and demand of oranges.
How does the incidence of a tax use the price elasticity of supply and demand?
If the demand is perfectly elastic in prices (that is, demand falls to zero if the price for consumers is raised even the slightest bit), then the entire tax incidence falls on the producer since the producer would rather face the entire tax burden than lose all his consumers. And if the demand is perfectly inelastic (doesn't change with change in commodity price) then the entire burden falls on the consumers. So higher the price elasticity of demand, higher would be the share of taxes borne by the producer. And higher the price elasticity of supply, lower the share borne by the producer, by similar logic.
Is this a change in the supply or demand of swimsuits why is it an increase or decrease what will happen to the price of swimsuit why is this a rip off?
A change in the supply and demand of swimsuits often occurs.
