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What factors cause the supply curve to shift?
Change in: production costs; production environment; price of related good; law; labour demand/price.
What is the difference between derived demand and absolute demand?
Derived demand refers to the demand for a good or service that results from the demand for another good or service, typically in a production context. For example, the demand for steel is derived from the demand for automobiles, as steel is a necessary input in their production. In contrast, absolute demand refers to the total demand for a product or service in the market, independent of the demand for other goods. Essentially, derived demand is contingent on the demand for related products, while absolute demand stands alone.
How demand for a good can affect demand for a related good?
if the price of the realted good increase the producers will find it more profitable to produce them and they will shift their production to that commodity . thus as a result the supply of the good in the question will decrease .
What is the between derived demand and joint demand?
Derived demand occurs when there is a change of customers' demand on particular product and produces have to buy new production equipment, which means that the change in consumer demand for a product affects demand for all firms involved in the production of that product. Joint demand has nothing to do with changing the production equipments. In this case, demand of the product depends on demand of its compliment. For example, demand on inc depends on demand on printers.
What is aggressive demand?
Aggressive demand is the storage, production and demand trends. This will influence the price of gas when winter is in.
What factors cause the supply curve to shift?
Change in: production costs; production environment; price of related good; law; labour demand/price.
How demand for a good can affect demand for a related good?
if the price of the realted good increase the producers will find it more profitable to produce them and they will shift their production to that commodity . thus as a result the supply of the good in the question will decrease .
What is the between derived demand and joint demand?
Derived demand occurs when there is a change of customers' demand on particular product and produces have to buy new production equipment, which means that the change in consumer demand for a product affects demand for all firms involved in the production of that product. Joint demand has nothing to do with changing the production equipments. In this case, demand of the product depends on demand of its compliment. For example, demand on inc depends on demand on printers.
What factor influence a region photosynthetic productivity?
The main factor influencing production is consumer demand.
How is future price related to current demand?
Future price is not related to current demand
What is aggressive demand?
Aggressive demand is the storage, production and demand trends. This will influence the price of gas when winter is in.
What is Production rate and demand?
Production rate means that the rate at which production is carried. While demand is a quantity which a consumer is willing to buy at a specific price in a given period of time.
Why is the demand for labor referred to as a derived demand?
Derived demand results from a demand for increase in intermediates goods or production resulting from another demand resulting for final or intermediate goods. For example, a demand for an item can make its production increase, which makes its labor increase.
How is the law of demand related to the demand curve?
Law of demand is the reason of the downward sloping of demand curve.Law of demand states the inverse relationship of demand of a commodity and it's price,and demand curve represents this inverse relationship of demand and price.So in this way they both are related.
How is law of demand related to the demand curve?
Law of demand is the reason of the downward sloping of demand curve.Law of demand states the inverse relationship of demand of a commodity and it's price,and demand curve represents this inverse relationship of demand and price.So in this way they both are related.
Why is there a decrease in production during a recession?
in demand and proudction
How can demand for electricity production change?
i dont knw
