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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 did the forces of supply and demand determine flexible exchange rates?
Flexible exchange rates are determined by the forces of supply and demand in the foreign exchange market, where currencies are traded. When demand for a currency increases, perhaps due to higher interest rates or economic stability, its value rises relative to other currencies. Conversely, if demand decreases or supply increases, such as through economic instability or inflation, the currency's value falls. This dynamic interplay allows exchange rates to fluctuate freely, reflecting real-time economic conditions and investor sentiment.
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 did the forces of supply and demand determine flexible exchange rates?
Flexible exchange rates are determined by the forces of supply and demand in the foreign exchange market, where currencies are traded. When demand for a currency increases, perhaps due to higher interest rates or economic stability, its value rises relative to other currencies. Conversely, if demand decreases or supply increases, such as through economic instability or inflation, the currency's value falls. This dynamic interplay allows exchange rates to fluctuate freely, reflecting real-time economic conditions and investor sentiment.
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.
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 it When demand for a good decreases as income increases?
In the case of Inferior goods, the demand decreases as income increases.
What happen when both aggregate demand and aggregate supply increases?
When both aggregate demand and aggregate supply increase, the overall effect on the economy depends on the relative magnitudes of the shifts. If aggregate demand increases more than aggregate supply, it can lead to higher prices (inflation) and potential economic growth. Conversely, if aggregate supply increases more than demand, it can result in lower prices and increased output, potentially stimulating economic growth without inflation. In the ideal scenario where both increase proportionately, the economy may experience stable growth with little change in price levels.
