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If a strike by steelworkers raises steel prices what effect would it have supply or demand?
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What happens when demand of a good Increases?
Given supply, if demand of any good increases it raises the prices of the good.
When does inflation occur in a dynamic aggregate demand and supply model?
Inflation raises the prices of the goods, so the real wages fall (ceteris paribus). So we are moving on the demand curve up and left. The companies can afford to produce more for that height of the prices, so the gap appears
Describe the law of supply and demand and explain how increases and decreases in supply and demand affect prices?
The higher the price the larger the quantity produced, as the price of a good raises existing firms will produce more to earn additional revenue.
If a company raises its prices for holidays over equilibrium price the demand will?
A company that raises their price over equilibrium during the holidays will see a sale only if the other providers sale out. If the other companies don't sell out, then the company will not sell any of its products.
What does complying with consumer-protection regulations do?
Complying with consumer protection regulations increases production costs and raises prices.
What happens when demand of a good Increases?
Given supply, if demand of any good increases it raises the prices of the good.
When does inflation occur in a dynamic aggregate demand and supply model?
Inflation raises the prices of the goods, so the real wages fall (ceteris paribus). So we are moving on the demand curve up and left. The companies can afford to produce more for that height of the prices, so the gap appears
If a company raises its price for holidays over the equilibrium price the demand will?
if a company raises its price for holidays over the equilibrium price, the demand will
Describe the law of supply and demand and explain how increases and decreases in supply and demand affect prices?
The higher the price the larger the quantity produced, as the price of a good raises existing firms will produce more to earn additional revenue.
If a company raises its prices for holidays over equilibrium price the demand will?
A company that raises their price over equilibrium during the holidays will see a sale only if the other providers sale out. If the other companies don't sell out, then the company will not sell any of its products.
Is it true Disneyland raises its tickets prices every August?
no
What does complying with consumer-protection regulations do?
Complying with consumer protection regulations increases production costs and raises prices.
Is tax that raises prices on imports a progressive tax?
only in cuba
What situation are see by economics as causes failure?
Greed causes inflation; when someone raises prices, that causes someone else to raise their prices...then the next person raises theirs, then the next, the next...inflation.
How does the volacanic effect in your environment?
It raises temperatures and adds CO2.
How does scarcity affect the prices of goods and services in a market?
Scarcity causes raises in prices, as there is less of a product or service. -Yackna anwsered this
What effect does omega 6 have on cholesterol levels?
Raises HDL levels.
