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What are the situations in which of the price of a good would rise?
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Which of the following situations would the price of a good be most likely to increase?
An increase in production costs results from a rise in wages.
In what situations would the price of a good be most likely to decrease?
The development of a new energy source reduces production costs for a company.
How would marginal utility and market demand be affected by rise in the price of a complementary good?
Both would decrease.
What would cause the price of diamonds to rise?
When bsbjdihbgw
What is the price elasticity of supply when the quantity supplied of a good rises from 120 to 140 as prices rise from 4 to 5.50?
the quantity supplied of a good rises from 120 to 140 as price rise from 4 to 5.50. what is the price elasticity of supply?
Which of the following situations would the price of a good be most likely to increase?
An increase in production costs results from a rise in wages.
In what situations would the price of a good be most likely to decrease?
The development of a new energy source reduces production costs for a company.
How would marginal utility and market demand be affected by rise in the price of a complementary good?
Both would decrease.
What describes a situation which the price of a good would rise?
A new technology allows producers to increase supply very quickly
What would cause the price of diamonds to rise?
When bsbjdihbgw
What is the price elasticity of supply when the quantity supplied of a good rises from 120 to 140 as prices rise from 4 to 5.50?
the quantity supplied of a good rises from 120 to 140 as price rise from 4 to 5.50. what is the price elasticity of supply?
In which situation would the price of a good most likely increase?
A rise in demand happens to quickly for produces to increase production to keep up.
What happens when the price of a good drops?
Supply & Demand, EconomicsEconomic studies tell us that when the price of a good drops, demand will rise. Furthermore, when the price of a good rises, demand will go down.
What goods the example of unitary elasticity supply?
Unit elastic supply basically means that if price of a good rises, the supply of that good will rise an equal amount. A good example of his would be tomatoes.
What will happen when the price of goods drop?
Supply & Demand, EconomicsEconomic studies tell us that when the price of a good drops, demand will rise. Furthermore, when the price of a good rises, demand will go down.
When consumers react to a price rise of one good by consuming lessof that good and more of another good in its place?
Substitution~Taxen
What describes a situation in which a price of a good would rise?
Demand goes up or supply goes down. - Producers cannot make enough of a good when that good becomes popular. - The raw materials or production capability for a good is unexpectedly reduced.
