0
What else can I help you with?
If demand increaces what economic explanation occurs?
If Demand is one the increase, it means that people have surplus income to spare. This is good indicator of economic growth.
If supply exceeds demand for a product what economic explanation occurs?
prices decrease
Whats the definition of economic activity?
Economic activity is the production and distribution of goods and services. Economic Activity is also correlated with Employment. If unemployement increases than the demand for goods and services decrease, however, if it decreases than on the other hand we have a higher demand for goods and services. This also benfits the triad nations as international business increases between members (USA, EU & JAPAN).
What happens to demand if income increases and commodity is normal?
Demand also increases.
How global macro economic factor influence demand and supply of agricultural inputs?
There are many economic factors that influence the demand and supply of agricultural inputs, although the main ones are, when price goes up demand goes down, when the price of one product rises this in turn increases demand for other products. The weather also plays a major part in this.
What economic explanation occurs if demand increases?
supply will decrease and price will rise greatly
If demand increaces what economic explanation occurs?
If Demand is one the increase, it means that people have surplus income to spare. This is good indicator of economic growth.
If supply exceeds demand for a product what economic explanation occurs?
prices decrease
What does the economic market do if demand remains the same and supply increases?
If demand remains the same and supply increases, then the prices of goods will decrease. An over-saturated market will lower the price of the product.
Which of the following best describes the economic effect that results from the government having budget surplus?
Demand increases, pushing producers to increase supply --> overal demand decreases, reducing the incentivefor producers to icrease production
Whats the definition of economic activity?
Economic activity is the production and distribution of goods and services. Economic Activity is also correlated with Employment. If unemployement increases than the demand for goods and services decrease, however, if it decreases than on the other hand we have a higher demand for goods and services. This also benfits the triad nations as international business increases between members (USA, EU & JAPAN).
What happens to demand if income increases and commodity is normal?
Demand also increases.
How global macro economic factor influence demand and supply of agricultural inputs?
There are many economic factors that influence the demand and supply of agricultural inputs, although the main ones are, when price goes up demand goes down, when the price of one product rises this in turn increases demand for other products. The weather also plays a major part in this.
What is the difference between demand and quantity demanded?
demand = how much people want it quantity (supply) = how much you have/can sell When the demand drops, the supply increases, and when the supply increases, the demand drops, but it will turn around again, and when the supply is low, the demand increases, and when the demand increases, and the supply gets lower.
What is it When demand for a good decreases as income increases?
In the case of Inferior goods, the demand decreases as income increases.
What is the relationship between aggregate demand and GDP in an economy?
Aggregate demand refers to the total amount of goods and services that consumers, businesses, and the government are willing to buy at a given price level. It directly affects the level of economic activity, as measured by Gross Domestic Product (GDP). When aggregate demand increases, businesses produce more to meet the higher demand, leading to economic growth and an increase in GDP. Conversely, a decrease in aggregate demand can lead to a slowdown in economic activity and a decrease in GDP.
What happens when demand of a good Increases?
Given supply, if demand of any good increases it raises the prices of the good.
