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the economy or the head dude at micky ds is stupid and rasies it hahaha lol
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∙ 14y ago
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What factors cause the supply curve to shift?
Change in: production costs; production environment; price of related good; law; labour demand/price.
What will change in market price cause movement along?
Change in market price will cause movement along the demand curve.
Which event might cause people to buy more of a product?
A lowered price. A surplus might cause people to buy more of a product
What happens when the value is greater than one in elasticity?
it means that price is elastic. Price elastic means that a little change in the price will cause a substantial change in the quantity demanded.
How does supplies affect the price of a product?
A higher price will cause an increase in supply, assuming that all other factors remain constant. Likewise, a decrease in price will cause a decrease of supply and an increase in demand.
What factors cause the supply curve to shift?
Change in: production costs; production environment; price of related good; law; labour demand/price.
What will change in market price cause movement along?
Change in market price will cause movement along the demand curve.
What are 4 factors that might cause a rise or a fall in a market?
there are so many factors to cause rise or fall in the market, but the the main 4 factors can be best described as follows: 1-Competitors 2-price 3-Govt Laws and regulations 4-Demographic environment
What kind of change will a change in the price of an unrelated good have?
It will have no effect and cause no change.
What is a Non price factor?
Non-price factors are actions that may influence the behavior of the market price. This is also called as shift factors or determinants that affect the accelerating change.
What is a non factor?
Non-price factors are actions that may influence the behavior of the market price. This is also called as shift factors or determinants that affect the accelerating change.
Which event might cause people to buy more of a product?
A lowered price. A surplus might cause people to buy more of a product
What is the price for an oil change for a jeep wrangler 2008?
The price will depend on many factors, the basic 5 quart oil change in my area runs around $35.
What happens when the value is greater than one in elasticity?
it means that price is elastic. Price elastic means that a little change in the price will cause a substantial change in the quantity demanded.
Why can't you ask what the gas price is?
You can ask what the gas price is. We can't answer, because we don't know if you mean natural gas, gasoline, or some other kind of gas, where you're located, what other factors might be involved, or the details of how the current prices of whatever it is might change in the future. But you can certainly ask.
Will an increase in supply without any changes in demand will cause the price to rise?
No, an increase in supply without a change in demand will cause the price to fall.
How does supplies affect the price of a product?
A higher price will cause an increase in supply, assuming that all other factors remain constant. Likewise, a decrease in price will cause a decrease of supply and an increase in demand.
