the law of suply and demand
The characteristics of OPEC are:products must be homogeneous.The products must have a low price elasticity of demand.
The three characteristics of a supply curve are the slope, shift, and the curve's position. Together they help determine supply and demand trends.
An increase in purchasing power as market price decreases.Diminishing marginal utility.
Characterstics of demand curve are-- 1) It is a curve from left to right 2) It shows the quantity demanded and price of a commodity 3) Higher the price lesser is the quantity demanded and vice-versa
the 4 characteristics of business demand are derived demand, fluctuating demand, stimulating demand and finally demand elasticity!
the law of suply and demand
1.demand characteristics. 2.market characteristics. 3.product characteristics. 4.price characteristics. 5.place or distribution characteristics. 6.promotional characteristics. 7.behavioral characteristics.
Demand and urge for change
A verticle demand curve, where a change in price does not effect quantity.
The characteristics of OPEC are:products must be homogeneous.The products must have a low price elasticity of demand.
The three characteristics of a supply curve are the slope, shift, and the curve's position. Together they help determine supply and demand trends.
Because it is in demand and rare. The two characteristics cause the price to be high.
An increase in purchasing power as market price decreases.Diminishing marginal utility.
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Characterstics of demand curve are-- 1) It is a curve from left to right 2) It shows the quantity demanded and price of a commodity 3) Higher the price lesser is the quantity demanded and vice-versa
the industry's demand curve is perfectly elastic