0
How does the market determine the price and the quantity supplied in demand?
Wiki User
∙ 9y ago
it depends upon the demand of the people....
if demand of a particular commodity increases then the supply will automatically increase and in case of shortage, the suppliers would raise the prices of that specific good.
Wiki User
∙ 11y ago
Add your answer:
Earn +20 pts
When is a market in equilibrium?
In elementary economics equilibrium is the intersection between the supply and demand curves. When quantity supplied is said to equal quantity demanded the market has then reached equilibrium.
What is supply and what is demand?
Demand and supply analysis concludes that the price of a give product in the market will vary and settle at a point where there is equality between the quantity demanded and the quantity supplied. When both are equal, the price and the quantity will be at equilibrium.
What is demand and supply analysis?
Demand and supply analysis concludes that the price of a give product in the market will vary and settle at a point where there is equality between the quantity demanded and the quantity supplied. When both are equal, the price and the quantity will be at equilibrium.
Where is the location on a graph where supply and demand intersect called?
This is the equilibrium price. Equilibrium price is when quantity demanded equals quantity supplied - i.e. it is the price where everything supplied will be bought, so the market will be cleared.
True False If the market for Rolex watches is in equilibrium the quantity of Rolex watches demanded will equal the quantity of Rolex watches supplied?
True. As long as it is quantity demanded and not demand overall.
How does the market determine the price and quantity supplied and demanded?
The market determines the price and the quantities supplied and demanded because it is all about what a customer is prepared to pay. Too high a price may result in a fall in demand, and stock left unsold.
When is a market in equilibrium?
In elementary economics equilibrium is the intersection between the supply and demand curves. When quantity supplied is said to equal quantity demanded the market has then reached equilibrium.
What is supply and what is demand?
Demand and supply analysis concludes that the price of a give product in the market will vary and settle at a point where there is equality between the quantity demanded and the quantity supplied. When both are equal, the price and the quantity will be at equilibrium.
What is demand and supply analysis?
Demand and supply analysis concludes that the price of a give product in the market will vary and settle at a point where there is equality between the quantity demanded and the quantity supplied. When both are equal, the price and the quantity will be at equilibrium.
Where is the location on a graph where supply and demand intersect called?
This is the equilibrium price. Equilibrium price is when quantity demanded equals quantity supplied - i.e. it is the price where everything supplied will be bought, so the market will be cleared.
True False If the market for Rolex watches is in equilibrium the quantity of Rolex watches demanded will equal the quantity of Rolex watches supplied?
True. As long as it is quantity demanded and not demand overall.
Describe the forces that move a market toward its equilibrium?
The actions of the buyers and sellers move a market towards its equilibrium.
When quantity supplied and quantity demanded are equal the market is in?
Equilibrium.
How does the market determine the price and the quantities supplied and demand?
The market determines the price and the quantities supplied and demanded because it is all about what a customer is prepared to pay. Too high a price may result in a fall in demand, and stock left unsold.
If there were a shortage in a market the quantity of the product supplied would be what?
The quantity supplied in a market at some specific price must be less than the quantity demanded for a shortage to occur.
When is a shortage in a market?
Quantity demanded is less than quantity supplied.
In a market system what must take place for quantity demanded to continually be equated with quantity supplied?
In a market system, price fluctuations must occur for quantity demanded to continually be equated with quantity supplied.
