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What do you notice about supply and demand in commodities market?
Brownie99
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Which economic system has relative prices change to reflect changes in supply and demand for different commodities is known as a?
Price or market system
What determines the prices of goods and services in the product market?
Supply and demand. Supply and demand determines the prices of goods and services in the market.
Point where demand and supply meet?
The point where supply and demand meet is called market equilibrium.
Example of market equilibrium?
Market equilibrium is when the demand of the product and the supply of the product is equal. If either demand or supply changes, then the equilibrium adjusts.
A market economy is based on?
Supply and demand
Which economic system has relative prices change to reflect changes in supply and demand for different commodities is known as a?
Price or market system
Why does meat very in price?
Supply and demand, like most other commodities.
What determines the prices of goods and services in the product market?
Supply and demand. Supply and demand determines the prices of goods and services in the market.
Point where demand and supply meet?
The point where supply and demand meet is called market equilibrium.
Example of market equilibrium?
Market equilibrium is when the demand of the product and the supply of the product is equal. If either demand or supply changes, then the equilibrium adjusts.
A market economy is based on?
Supply and demand
What is Market equilibrium?
Market equilibrium is this situation when market demand is equal of market supply
How does supply and demand affect the market structure?
businesses can charge more if supply is limited and demand is high
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
What commodities would be good to trade in the future?
"Commodities that good to trade in the future will be ones that will still be high in demand, whether or not the supply will be able to meet that demand. For example, oil will be a good commodity to trade in the future."
When supply and demand decreases real estate prices will?
The (market) prices affect supply and demand, not the other way around except if the supply and demand you're talking about are caused in another market than real estate.
How Excess demand and excess supply eliminated by market forces?
Excess demand is easily eliminated by market forces. If either the price or the supply goes up, demand will decrease exponentially.
