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Is price of a commodity is study of microeconomics or macreconomics give your reason?
Susiepraveen
price of a commodity is a study of microeconomics as it deals with the behaviour of individual economic units or commodity.
Wiki User
∙ 10y ago
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How does price of commodity influence supply?
It's actually the other way around: the supply of a commodity influences its price, in that the more of the commodity you have, supposedly the lower the price to get people to buy more of it.
How is the law of supply similar to the law of demand?
If the demand for a commodity increases, but the supply does not increase equally, the price will increase. If the supply of a commodity increases, but the demand for that commodity does not increase equally, the price will decrease. If the demand for a commodity decreases, but the supply does not decrease equally, the price will decrease. If the supply of a commodity decreases, but the demand does not decrease equally, the price will increase.
State what the law of supply and demand shows and describe how it works?
If the demand for a commodity increases, but the supply does not increase equally, the price will decreaase. If the supply of a commodity increases, but the demand for that commodity does not increase equally, the price will increase. If the demand for a commodity decreases, but the supply does not decrease equally, the price will increase. If the supply of a commodity decreases, but the demand does not decrease equally, the price will decrease
What is maximum price legislation?
it is the opposite of minimum price legislation.it is the commodity sold at a price above the one stated whereby the seller can increase the price of the commodity at will without prejudice
Will consumer buy more when price of a commodity falls?
according to law of demand consumer buy more of the commodity when price decreases
How does price of commodity influence supply?
It's actually the other way around: the supply of a commodity influences its price, in that the more of the commodity you have, supposedly the lower the price to get people to buy more of it.
How is the law of supply similar to the law of demand?
If the demand for a commodity increases, but the supply does not increase equally, the price will increase. If the supply of a commodity increases, but the demand for that commodity does not increase equally, the price will decrease. If the demand for a commodity decreases, but the supply does not decrease equally, the price will decrease. If the supply of a commodity decreases, but the demand does not decrease equally, the price will increase.
State what the law of supply and demand shows and describe how it works?
If the demand for a commodity increases, but the supply does not increase equally, the price will decreaase. If the supply of a commodity increases, but the demand for that commodity does not increase equally, the price will increase. If the demand for a commodity decreases, but the supply does not decrease equally, the price will increase. If the supply of a commodity decreases, but the demand does not decrease equally, the price will decrease
What is the formula for chain base index numbers?
(price of commodity in the given year/ price of the commodity in preceding year) * 100
What is maximum price legislation?
it is the opposite of minimum price legislation.it is the commodity sold at a price above the one stated whereby the seller can increase the price of the commodity at will without prejudice
Will consumer buy more when price of a commodity falls?
according to law of demand consumer buy more of the commodity when price decreases
What do you mean by price fix hedge in commodity trading?
A price-fix hedge enables an importer or an exporter to lock into a future price for a commodity planned for import or export without "actually having a crystallised physical exposure to the commodity.
Discuss the higher the price of the commodity the lower the quantity demanded and vice versa?
when the price of a commodity is high,consumers will go for another product almost the same as the one that the price is high,so that makes the quantity demanded of the commodity that the price low and vice versa
How do you calculate the chain index number?
Divide the price of the commodity in the given year by the price of the commodity the year before. Then, multiply that number by 100.
What is price of commodities?
The price of a commodity simply means the price of goods/stock/items.
How can you calculate price?
modal price is the price on which maximum transaction od a commodity takes place.
What is the difference between supply and demand?
Demand refers to the quantity of a commodity which a consumer is willing to buy at a given price in a given period of time.Supply is quantity of a commodity that a seller or producer is willing to sell at a given price in a given period of time.Demand and price of a commodity have inverse relationship i.e. when price of a commodity increases it1s demand decreases and vice-versa; whereas the opposite is the case for supply i.e. price of a commodity is directly related to supply, the quantity supplied of a commodity rises with the rise in its price and vice-versa.
