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What is the relationship between the law of supply?
As demand increases, supply increases, and as demand decreases, supply decreases. (Assuming Ceteris Paribus (All other factors are held constant))
When will happen if the sellers in the market increase?
As the Number of Sellers Increases, the Supply of the commodity Increases. As Supply Increases, and demand remains constant, Prices Decrease.
If supply increases and demand is constant price will what?
In the short run nothing happens to price
What is the law pf supply and demand?
The law of supply and demand is a fundamental economic principle that describes the relationship between the availability of a product (supply) and the desire for that product (demand). According to this law, when demand for a good increases while supply remains constant, prices tend to rise. Conversely, if supply increases and demand remains constant, prices are likely to fall. This interaction helps determine the market equilibrium price, where the quantity supplied equals the quantity demanded.
What will happen to the equilibrium price and quantity of a normal good if the demand for the good increases and supply constant?
the equilibrium price rises and the quantity increases
What is the relationship between the law of supply?
As demand increases, supply increases, and as demand decreases, supply decreases. (Assuming Ceteris Paribus (All other factors are held constant))
When will happen if the sellers in the market increase?
As the Number of Sellers Increases, the Supply of the commodity Increases. As Supply Increases, and demand remains constant, Prices Decrease.
If supply increases and demand is constant price will what?
In the short run nothing happens to price
What is the law pf supply and demand?
The law of supply and demand is a fundamental economic principle that describes the relationship between the availability of a product (supply) and the desire for that product (demand). According to this law, when demand for a good increases while supply remains constant, prices tend to rise. Conversely, if supply increases and demand remains constant, prices are likely to fall. This interaction helps determine the market equilibrium price, where the quantity supplied equals the quantity demanded.
What will happen to the equilibrium price and quantity of a normal good if the demand for the good increases and supply constant?
the equilibrium price rises and the quantity increases
What happens to the equilibrium price and equilibrium quantity if the demand decreases and the supply is constant?
price rises and quantity increases
What According to the law of supply and demand when supply increases what else happens?
According to the law of supply and demand when supply increases, prices will decrease.
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.
If demand decreases and supply is constant what happens to the equilibrium price?
If demand decreases and supply is constant, the price will increase.
What happen to price when supply is constant and demand increaes?
prices will fall if demand decreases and the supply is constant. the supply curve will be vertical and demand curve will be downward sloping.
Demand rises and supply is constant?
No. If demand rises, then supply falls. Transveresly, if demand falls, then supply rises.
When according to the law of supply and demand when supply increases what else happens?
According to the law of supply and demand when supply increases, prices will decrease.
