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What happens when the demand for a product decreases?
When demand decreases, supply increases.
What happens when the supply of a product decreases?
Price increses
According to Adam Smith what happens when the supply of a product increases?
The price decreases.
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 happens when the price decreases in the case of a product that has elastic supply?
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What happens when the demand for a product decreases?
When demand decreases, supply increases.
What happens when the supply of a product decreases?
Price increses
What happens when the supply of product decreases?
Price increses
According to Adam Smith what happens when the supply of a product increases?
The price decreases.
According to Adam smith What happens when demand for a product decreases?
Supply increases.
What happens when the supply of product decreases according to Adam smith?
The price increases
When demand decreases and supply decreases what happens?
prices go higher
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 happens when the price decreases in the case of a product that has elastic supply?
I love McKenzie <3 and I love Jonathan/next time put a real answer!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
What happens to supply when input cost go up?
it decreases bc consumers find a substitute product
What happen when the demand for a product?
When demand decreases, supply increases.
The Law of Supply and Demand states that if the supply of a product increases then the price of that product will?
The Law of Supply and Demand states that if the supply of a product increases, all other factors remaining constant, the price of that product will decrease. This is because with more supply available, there is less scarcity, leading to a lower price point to entice consumers to purchase the product. Conversely, if the supply decreases, the price will increase due to the heightened scarcity and increased demand for the limited supply.
