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Which example best demonstrates the effect of artificial price controls on supply and demand?
Rent controls result in shortages and minimum wage laws result in surpluses
If a price increase has little or no effect the demand for the product is?
When a price increase has little or no effect on the demand for a product, it is inelastic.
How will demand effect price and quantity?
High Demand Lowers QuantityLow Demand increases price and quantity
What effect does the availability of many good substitutes have on the elasticity of demand for a good?
Demand is elastic
Illstrurate te effect od subsidy in a market by using a demand and a supply diagram?
use a demand and supply diagram to illustrate the effect of a subsidy.
Which example best demonstrates the effect of artificial price controls on supply and demand?
Rent controls result in shortages and minimum wage laws result in surpluses
Effect of advertising on consumer behaviour?
-Often leads the consumer to impulse buying -advertising creating an artificial demand above the individual's basic needs
If a price increase has little or no effect the demand for the product is?
When a price increase has little or no effect on the demand for a product, it is inelastic.
How will demand effect price and quantity?
High Demand Lowers QuantityLow Demand increases price and quantity
Which phenomenon demonstrates a particle nature of light?
The photoelectric effect demonstrates the particle nature of light. In this phenomenon, light is shown to behave like a stream of particles (photons) by ejecting electrons from a material when it hits the surface.
How does a light bulb demonstrate the heating effect?
by the radiation in the filament it throw out heat . this way the bulb demonstrates the heating effect. :D
What effect does the position of artificial light have on plant growth?
hi
What effect does the availability of many good substitutes have on the elasticity of demand for a good?
Demand is elastic
Illstrurate te effect od subsidy in a market by using a demand and a supply diagram?
use a demand and supply diagram to illustrate the effect of a subsidy.
What best explains why the law of supply and demand has an effect on labor market?
In the law of supply and demand the effect on the Labor Market is that labor is a commodity.Labor is a commodity
When the supply of goods decreases what kind of effect does it have on demand?
It doesn't have a direct effect on demand... if suddenly there were less toothpaste at the grocery store, the demand would remain the same. If the supply gets too low to meet the demand, the price will go up, and if the price goes up, that might have an effect on demand... some people will use other options besides toothpaste.
What does the Barnum Effect demonstrate?
The Barnum Effect demonstrates how individuals tend to accept vague and general personality descriptions as highly accurate and personally relevant. It shows that people are inclined to see themselves in descriptions that could apply to virtually anyone.
