answersLogoWhite

0

Basic Economics lesson.

The price of of commodities is based on a relative relationship of supply and demand.

P=D/S

if you increase supply of a certain commodity, as well as decreasing the demand, the equation shows that the price will fall or that it is a "cheap" commodity.

In terms of the saying...

Talk isnt worth much because there is usually alot of it, and for the most part, people dont "demand" it... or want it

User Avatar

Wiki User

13y ago

What else can I help you with?

Continue Learning about Economics

What do scholars talk about when they discuss economics?

When scholars discuss economics they talk about how to understand demand and supply. They also assess how businesses affect the economy.


What is supplyand demand?

Supply is the amount of a product that companies are manufacturing. Demand is the amount of a product that customers wish to purchase. When people talk about supply and demand they normally refer to supply and demand curves, and where they intersect is the market equilibrium price and quantity of the product offered. As price increases, companies will want to supply more of a product to make more money, but customers will demand less because they are less willing to pay higher prices for a product. (By product, I mean good and services)


What are the techniques for Assessing Demand and Supply of labor?

Make it up to suit whatever your argument might be. Wrap around it a large dose of economistic double talk so that you sound clever and nobody is brave enough to question your predetermined conclusions.


How does markets talk?

Markets "talk" through price movements, trading volumes, and trends, reflecting the collective sentiment and perceptions of participants. When prices rise, it often indicates optimism or demand, while falling prices can signal pessimism or excess supply. Additionally, market indicators, such as volatility and patterns in trading activity, can provide insights into investor behavior and expectations. Overall, market movements serve as a complex language that conveys information about economic conditions and investor psychology.


What are some examples of cheap talk in communication strategies?

Cheap talk in communication strategies refers to statements or promises that are made without any real intention of follow-through or action. Examples include empty compliments, vague promises, and insincere apologies. These tactics are often used to manipulate or deceive others without committing to any real change or action.

Related Questions

What do scholars talk about when they discuss economics?

When scholars discuss economics they talk about how to understand demand and supply. They also assess how businesses affect the economy.


What is supplyand demand?

Supply is the amount of a product that companies are manufacturing. Demand is the amount of a product that customers wish to purchase. When people talk about supply and demand they normally refer to supply and demand curves, and where they intersect is the market equilibrium price and quantity of the product offered. As price increases, companies will want to supply more of a product to make more money, but customers will demand less because they are less willing to pay higher prices for a product. (By product, I mean good and services)


When was Talk's Cheap created?

Talk's Cheap was created in 1979.


Did Miley Cyrus swear in her song talk is cheap?

No she did not swear in talk is cheap


When was Talk Is Cheap created?

Talk Is Cheap was created on 1988-10-03.


When was Talk Is Cheap Vol I created?

Talk Is Cheap Vol I was created on 2001-04-23.


After all is said and done usually more is said than done?

Talk is cheap


When was Talk Is Cheap Vol IV created?

Talk Is Cheap Vol IV was created in 2004-12.


When was Talk Is Cheap Vol III created?

Talk Is Cheap Vol III was created on 2004-01-13.


When was Talk Is Cheap Vol II created?

Talk Is Cheap Vol II was created on 2001-04-24.


What are the release dates for Howard Stern on Demand - 2005 The Women of the Talk?

Howard Stern on Demand - 2005 The Women of the Talk was released on: USA: 2011


What are the release dates for Viper - 1994 Talk Is Cheap 2-4?

Viper - 1994 Talk Is Cheap 2-4 was released on: USA: 19 October 1996