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In which situation would the price of a good most likely increase?
A rise in demand happens to quickly for produces to increase production to keep up.
Which of the following situations would the price of a good be most likely to increase?
An increase in production costs results from a rise in wages.
What would happen in the for a good if demand increase and supply decreases?
In the short run, there would be oversupply.
Which of these is most likely to lead to a decrease in the price of a good?
Demand decreases and supply remains the same would lead to a decrease in the price of a good.
When would the price of a good most likely increase?
Prices of goods used to increase with the cost of ingredients, cost to produce them, and maybe if there was a shortage. In our times, a company that purchases a product may raise the price to the value they perceive it has.
In which situation would the price of a good most likely increase?
A rise in demand happens to quickly for produces to increase production to keep up.
What is most likely to lead a increase in the price of a company's stock?
A good earnings report
Which of the following situations would the price of a good be most likely to increase?
An increase in production costs results from a rise in wages.
What would happen in the for a good if demand increase and supply decreases?
In the short run, there would be oversupply.
How does gross profit margin increase?
Increase in the price at which you SELL the good if the cost price at which you BOUGHT/PRODUCED the good remains the same or Decreased Cost Price with a Stable Selling Price. Basically anything that would result in the difference between the Selling Price and Cost Price increasing favourably.
Which of these is most likely to lead to a decrease in the price of a good?
Demand decreases and supply remains the same would lead to a decrease in the price of a good.
What is the most likely result when the price of a good with elastic demand is raised by 10 percent?
quanity sold will increase by 10 percent
What is most likely result when the price of a good with elastic demand is raised by 10 percent?
quanity sold will increase by 10 percent
When would the price of a good most likely increase?
Prices of goods used to increase with the cost of ingredients, cost to produce them, and maybe if there was a shortage. In our times, a company that purchases a product may raise the price to the value they perceive it has.
According to the law of supply What does an increase in the price of a good service or resource lead to an increase in?
Supply. If you are a supplier of a good - the price for your good increase - you will produce more to take advantage of this
What is the likely effect on the demand for wheat if the government introduce price ceiling?
It depends on what the price ceiling amount is set to. If it is high, then sellers may set prices at that and then the demand will fall. Whereas it could be a good thing, as it would prevent the price increasing by a large amount and being set too high, which would mean the demand for wheat would increase.
If the price of beef doubled and the price of chicken stayed the same people would most likely buy?
If the price of beef doubled while the price of chicken remained stable, consumers would likely shift their purchasing behavior toward chicken, as it becomes the more affordable option. This substitution effect occurs because people often seek to maximize their utility by choosing cheaper alternatives when the price of a preferred good rises significantly. Consequently, we would expect an increase in chicken sales and a decrease in beef sales.
