If a seller expects the price of a good to rise in the future, they are likely to withhold some of their current inventory from the market to sell it later at the higher expected price. This behavior reflects a strategy to maximize profits by anticipating better market conditions. Consequently, this may lead to a temporary decrease in supply, potentially causing prices to rise in the short term as demand remains constant.
You only pay for good in the seller premises and you pay the rest from there premises to your premises
consumer attains equilibrium if the price of good by seller is same as price decided by buyer.
This is true
If the price is expected to drop, current demand will fall.
The price is decided by how many goods of that kind are produced and how many comsumers are going to buy the good. For example, suppose a music company produces 1,000 CDs priced at $16.95 each, but 1,100 people want to buy them. There are not enough CDs to satisfy the wants of these consumers. Because demand for the good is greater than the supply, the seller can increase the price to $17.95. He or she sells all the CDs and makes an extra $1.00 profit on each. Now suppose the seller offers 1,000 more CDs at the origanal $16.95 price. One hundred sell right away, leaving 900 CDs that no one wants at this price. The seller then reduces the price to $15.95. The seller didn't get as much of a profit as the first time when they sold the CDs.
No, the seller has not changed the price after purchase.
it is if you are the seller.
You only pay for good in the seller premises and you pay the rest from there premises to your premises
that depends if your the buyer or seller and condition of pistol.......... buyer.............$400-$700 seller..............$700-$900 In my opinion of course...................
"The average price for a 2007 Pontiac G6 in good condition is around $10,000 used. It depends if you are buying it from a private seller or a dealer. A private seller tends to have them from a better price then a dealership would."
consumer attains equilibrium if the price of good by seller is same as price decided by buyer.
Expectations of the future price
This is true
damn good for the seller
There are two interpretations, depending upon context:The sale price is normal price for which a sale of the good is made (as opposed to the cost price which is the price the retailer paid for the good); it is the amount of money for which the seller is willing to exchange the good; this is the normal selling price of the good;The sale price is the price that is charged during a "sale"; this may be lower than the normal selling price of the good and after the sale, the price may revert back to the normal selling price (or some other selling price).
If the price is expected to drop, current demand will fall.
If the price is expected to drop, current demand will fall.