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When population increases, the demand curves for many goods and services typically shift to the right, indicating an increase in demand. This shift occurs because more people generally leads to greater consumption needs and preferences. As a result, prices may rise if the supply of those goods and services does not keep pace with the increased demand. Ultimately, this can lead to higher equilibrium prices in the market.
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What would happen to supply if demand when up?
supply will increase.
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.
What can happen to prices in a competitive market when demand increases as supply remains the same?
increase in prices
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.
What will happen to demand for a commodity if the price of its complementary falls?
Complement goods are those goods which uses collectively or side by side e.g petrol and cars. If the demand of one good changes then demand of other good move in the same direction. If the price of product complementary falls then the demand of complementary product increases according to the demand law which in turn increase the demand of product. Suppose the prices of petrol falls which will increase the demand of petrol which in turn in increase the demand of cars.
What would happen to supply if demand when up?
supply will increase.
What will happen to price if the demand for ethanol increase?
If the demand for ethanol increases the price will also increase.This is based on price elasticity of demand.
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.
What can happen to prices in a competitive market when demand increases as supply remains the same?
increase in prices
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.
What will happen when the demand for a product increases according to Adam Smith?
Supply increases.
What will happen to demand for a commodity if the price of its complementary falls?
Complement goods are those goods which uses collectively or side by side e.g petrol and cars. If the demand of one good changes then demand of other good move in the same direction. If the price of product complementary falls then the demand of complementary product increases according to the demand law which in turn increase the demand of product. Suppose the prices of petrol falls which will increase the demand of petrol which in turn in increase the demand of cars.
What would happen to a rabbit population over a ten year period?
it will increase
What will happen in the market if the demand of a good increase as well as cost of producing the good?
The cost to the consumer increases respectively.
A hawk is a predator for mice. what will happen if the hawk population decrease due to hunting by human?
The mouse population will increase
What would happen if grasshoppers increased?
what do all the internal stucture parts of the grasshopper do
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.
