The law of supply and demand states that if more people are to buy stuff such as clothing and food then the prices will go up. This law was put into order when the United States won over California from the Spanish. The gold was discovered and many people from all across the country came to make money. However by the time they wanted to go back home, few had made any profit, most left with less than they came to California with. People didn't just come from the United States they also came from places like China and Peru, Mexico, Spain, and other countries.
which is true about the functional relationship shown in the graph
True
Yes
True
Supply and demand influences the economic decisions of businesses and individuals.
which is true about the functional relationship shown in the graph
True
Yes
True
Supply and demand influences the economic decisions of businesses and individuals.
For a given increase in supply the slope of both demand curve and supply curve affect the change in equilibrium quantity Is this statement true or false Explain with diagrams?
there is no pressure to raise or lower wages.
do the equilibruim have to change for the supply or demand change
true because it is still supply and demand downward sloping
A demand curve slopes downward left to right because the relationship between price and demand is negative - as price drops demand rises. The opposite is true for a supply curve where as price rises supply rises - the relationship is positive so the supply curve slopes upward from left to right. Nova net answer- because demand decreases as price increases
A demand curve slopes downward left to right because the relationship between price and demand is negative - as price drops demand rises. The opposite is true for a supply curve where as price rises supply rises - the relationship is positive so the supply curve slopes upward from left to right. Nova net answer- because demand decreases as price increases
A demand curve slopes downward left to right because the relationship between price and demand is negative - as price drops demand rises. The opposite is true for a supply curve where as price rises supply rises - the relationship is positive so the supply curve slopes upward from left to right. Nova net answer- because demand decreases as price increases