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Base will begin to exceed the supply on the above information the demand of noncommunist countries for oil will begin to exceed the supply of oil in about the year?
1900
What would happen to supply if demand when up?
supply will increase.
What happen to price when supply is constant and demand increaes?
prices will fall if demand decreases and the supply is constant. the supply curve will be vertical and demand curve will be downward sloping.
What has to happen to both the supply and demand for corn in order for the price to rise?
the supply has to go down and the demand rise
If a supply-demand curve were applied to basic resource?
Their prices would increase.
Base will begin to exceed the supply on the above information the demand of noncommunist countries for oil will begin to exceed the supply of oil in about the year?
1900
What happen in the supply and demand regarding land?
Supply is inelastic and demand is elastic for land.
What happen when the demand for a product?
When demand decreases, supply increases.
What would happen to supply if demand when up?
supply will increase.
The demand noncommunist countries for oil will begin to exceed the supply of oil in about the year of?
2000
What happen to price when supply is constant and demand increaes?
prices will fall if demand decreases and the supply is constant. the supply curve will be vertical and demand curve will be downward sloping.
What has to happen to both the supply and demand for corn in order for the price to rise?
the supply has to go down and the demand rise
How does a change in the amount of a product lead to a shift in equilibrium, and can you explain this process?
A change in the amount of a product can lead to a shift in equilibrium by affecting the supply and demand balance. If the amount of a product increases, the supply will exceed the demand, causing prices to decrease. This can lead to a new equilibrium point where supply and demand are once again balanced at a lower price. Conversely, if the amount of a product decreases, the demand may exceed supply, causing prices to increase. This can lead to a new equilibrium point where supply and demand are balanced at a higher price.
If a supply-demand curve were applied to basic resource?
Their prices would increase.
What does outstripping mean?
outstrpping is when x exceed y. like for example as supply excees demand then there is outsripping.
How does law of supply and demand affect the labor market?
Salary of employed individuals are totally associated with the laws of demand and supply.More demand mean more resource required. Resource in terms of human and monetary capital. When the demand is high company will hire hardworking employees at a high wages, in order to fulfill the need of the customers. on the other hand, if the demand is low then it automatically means supply is low. When the supply is low, company will go for downsizing or reduce the wages of the employees. the wage is reduced because supply is low, and resource becomes burden on the company.
What will happen when Aggregate demand and aggregate supply decrease?
When aggregate demand and aggregate supply both decrease, the result is no change to price. As price increases, aggregate demand decreases, and aggregate supply increases.
