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What describes a situation in which the price of good would rise?
Wiki User
∙ 12y ago
Producers cannot make enough of a good when that good becomes popular suddenly. Scarce Natural Resources make it more difficult for producers to keep up with demand.
Scarce Natural Resources make it more difficult for producers to keep up with demand.
A new technology allows producers to increase supply very quickly.
Bridgette Sipes
Wiki User
∙ 12y agoProducers cannot make enough of a good when that good becomes popular suddenly. Scarce natural resources make it more difficult for producers to keep up with demand.
Scarce natural resources make it more difficult for producers to keep up with demand.
A new technology allows producers to increase supply very quickly.
Anonymous
Wiki User
∙ 10y agoDemand 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.
Sarah Ann Brantley
Producers cannot make enough of a good one that good becomes popular suddenly
Wiki User
∙ 7y agoIf there was a shortage of goods then the price would rise.
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What describes a situation in which the price of a good fall?
A new technology allows producers to increase supply very quickly.
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.
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.
Inelastic demand curve?
Inelastic demand means a situation in which the demand for a product does not increase or decrease correspondingly with a fall or rise in its price. From the supplier's viewpoint, this is a highly desirable situation because price and total revenue are directly related; an increase in price increases total revenue despite a fall in the quantity demanded. An example of a product with inelastic demand is gasoline. Refer to link below.
In which situation with the price of a good be most likely to decrease?
The price of a good can decrease if supply is greater than demand. The price can also decrease if that item has been superseded by a newer version.
What describes a situation in which the price of a good would fall?
the community is crazy
What describes a situation which the price of a good would rise?
A new technology allows producers to increase supply very quickly
What describes a situation in which the price of a good fall?
A new technology allows producers to increase supply very quickly.
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.
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.
Inelastic demand curve?
Inelastic demand means a situation in which the demand for a product does not increase or decrease correspondingly with a fall or rise in its price. From the supplier's viewpoint, this is a highly desirable situation because price and total revenue are directly related; an increase in price increases total revenue despite a fall in the quantity demanded. An example of a product with inelastic demand is gasoline. Refer to link below.
What does a good citizen do in a dangerous situation?
It would really depend on the situation, but a good citizen would probably assist any person who was in danger. A good citizen would also cooperate with the police in a dangerous situation.
In which situation with the price of a good be most likely to decrease?
The price of a good can decrease if supply is greater than demand. The price can also decrease if that item has been superseded by a newer version.
What describes the substitution effect?
As the price of a good rises, people will substitute other products.
Would it be a good you idea to invest in gold?
Yes gold would be a good investment. Due to the current economic situation the U.S. dollar is weak and getting weaker. However as the dollar depreciates the price of gold goes up.
A situation that occurs when a producer cannot offer a particular good or service at the current price?
shortage
What describes a situation in which the proce of a good would rise?
The question is incomplete. No options (for which of the following) are given to answer the question.
