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The price of a slice of pizza has increased by 1 from an earlier lower price. Which statement is most likely true about Ashley Ashley and acirc and 128 and 153s quantity demanded is unchanged. Ashley?
Wiki User
∙ 7y ago
If a consumer is waiting to buy a sweater he or she found at a department store until after the holiday season, which factor is most likely influencing the decision to wait?
Wiki User
∙ 7y ago
alexander wick
Ashley’s quantity demanded is unchanged.
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When the price of a product is increased the quantity demanded decreases demand for this product is?
when the price of product increased the porchasing powre of consumer is foll so he will decreases his quantity demand for that product.
And quantity demanded is shown on?
And quantity demanded is shown on?
What is an increase in quantity demanded?
what in is an increase in quantity demanded
When quantity supplied and quantity demanded increase due to improved technology what happens?
An increase in technology will cause a shift in supply curve due to lowered production costs. This increased supply will put downward pressure on prices, driving up quantity demanded.
When quantity supplied is more than quantity demanded its called?
A quantity supplied is more than quantity demanded its called A Surplus.
When the price of a product is increased the quantity demanded decreases demand for this product is?
when the price of product increased the porchasing powre of consumer is foll so he will decreases his quantity demand for that product.
What is an increase in quantity demanded?
what in is an increase in quantity demanded
And quantity demanded is shown on?
And quantity demanded is shown on?
When quantity supplied and quantity demanded increase due to improved technology what happens?
An increase in technology will cause a shift in supply curve due to lowered production costs. This increased supply will put downward pressure on prices, driving up quantity demanded.
What is the definition of unit elastic demand?
Unit elastic demand is a type of elasticity when there is a change in the price say from 5 $ to 6 $ , there will be a change in quantity demanded from 6 to 5 . That is when the price changes by one unit, the quantity demanded also changes by 1 unit. revenue remains unchanged.
When quantity supplied is more than quantity demanded its called?
A quantity supplied is more than quantity demanded its called A Surplus.
Why is price of a commodity is inversly related to quantity demand?
The price of a commodity is inversely related to quantity demanded because as the price of a commodity decreases, more consumers are willing and able to purchase it due to increased affordability. This leads to an increase in quantity demanded. Conversely, as the price of a commodity increases, the quantity demanded tends to decrease as consumers may find it less affordable or seek alternative options.
At equilibrium price the quantity is demanded always equal to the quantity supplied?
Yes, the equilibrium price equates the quantity supplied to the quantity demanded.
If price rises from 15 to 25 and quantity demanded falls from 20 to 10 units this commodity would have what demand?
increased demand
Determinants of quantity demanded?
Equilibrium is defined to the price-quantity pair where the quantity demanded is equal to the quantity supplied, represented by the intersection of the demand and supply curves.
When quantity supplied exceeds quantity demanded there is?
surplus
When quantity supplied and quantity demanded are equal the market is in?
Equilibrium.
