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In which situation with the price of a good be most likely to decrease?
Wiki User
∙ 9y ago
The price of a good can decrease if supply is greater than demand. The price can also decrease if that item has been superseded by a newer version.
Wiki User
∙ 9y ago
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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 likely to lead to a decrease in the price of a good?
Demand decreases and supply remains the same.
What is most likely to lead to a decrease in the price of a good?
Demand decreases and supply remains the same.
Why aggregate spending decrease as the price level increases?
Because if a price level is higher for a good, aggregate spending will decrease as the level of the price increases. And vice versa - the cheaper a good is, OR the MORE that your money will buy, the more likely you are to spend that money.
What is the following situations would the price of a good be most likely to decrease Apex?
The development of a new energy source reduces production costs for a company.
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 likely to lead to a decrease in the price of a good?
Demand decreases and supply remains the same.
Is likely to lead to a decrease in the price of a good?
Demand decreases and supply remains the same.
What is most likely to lead to a decrease in the price of a good?
Demand decreases and supply remains the same.
What most likely to lead to a decrease in the price of a good?
Demand decreases and supply remains the same.
Why aggregate spending decrease as the price level increases?
Because if a price level is higher for a good, aggregate spending will decrease as the level of the price increases. And vice versa - the cheaper a good is, OR the MORE that your money will buy, the more likely you are to spend that money.
When the decrease in the price of one good causes the demand for another good to decrease the goods are?
substitue
What happens when demand for a good increase but it's supply decrease?
The price for the good increases
What is the following situations would the price of a good be most likely to decrease Apex?
The development of a new energy source reduces production costs for a company.
Two goods are substitutes if a decrease in the price of one good?
Price will increase
How price of related goods affect demand?
Price of related goods fall into two categories: substitutes and complements. Complements are when a price decrease in one good increases the demand of another good. Substitutes are when a price decrease in one good decreases the demand for another good.
Inelastic demand curve?
Inelastic demand means a situation in which the demand for a product does not increase or decrease correspondingly with a fall or rise in its price. From the supplier's viewpoint, this is a highly desirable situation because price and total revenue are directly related; an increase in price increases total revenue despite a fall in the quantity demanded. An example of a product with inelastic demand is gasoline. Refer to link below.
