The price usually goes up. If lots of people want something, you have to pay more to get it.
Generally the price will rise.
1900
supply will increase.
prices will fall if demand decreases and the supply is constant. the supply curve will be vertical and demand curve will be downward sloping.
the supply has to go down and the demand rise
Their prices would increase.
1900
Supply is inelastic and demand is elastic for land.
When demand decreases, supply increases.
supply will increase.
2000
prices will fall if demand decreases and the supply is constant. the supply curve will be vertical and demand curve will be downward sloping.
the supply has to go down and the demand rise
Their prices would increase.
outstrpping is when x exceed y. like for example as supply excees demand then there is outsripping.
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.
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.
There is often a change in supply and demand of oranges.