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What happens to the price when there is an excess supply of products?
The price goes down because of supply and demand.
When does equilibrium price in economics happen?
equilibrium price in economics happens when demand for and supply of the products equals
What happens when the price of building materials suddenly increased by a large amount?
Shift to a seller's market.
What happens to a supply curve when there's a decrease in production?
Price will increase as less products are available.
What happens to the price when there is a shortage of products?
The prices increases, because the demand is higher for the product, since there is less of it.
For most products and services increased price results in?
A for e2020 students
What happens to the price when there is an excess supply of products?
The price goes down because of supply and demand.
When does equilibrium price in economics happen?
equilibrium price in economics happens when demand for and supply of the products equals
If a bond rating gets better what happens to the bond price?
If a bond rating improves, it indicates lower risk and increased creditworthiness, leading to increased demand for the bond. This increased demand drives the bond price up.
What happens when the price of building materials suddenly increased by a large amount?
Shift to a seller's market.
What best describes hyperinflation?
The massive inflation of the cost of products. For example, in Germany, the price of eggs drastically increased due to the printing of money by the government.
What happens to a supply curve when there's a decrease in production?
Price will increase as less products are available.
What increase aggregate demand?
Anything -other than the desired (product/service)'s price- that would change the demand for a product/service would increase aggregate demand. Some examples may be: increased incomes, increased population, increased price of substitute products, etc..
What would increase aggregate demand?
Anything -other than the desired (product/service)'s price- that would change the demand for a product/service would increase aggregate demand. Some examples may be: increased incomes, increased population, increased price of substitute products, etc..
What happens to the price when there is a shortage of products?
The prices increases, because the demand is higher for the product, since there is less of it.
What is cost push and demand pull?
Demand pull inflation is where the demand for an item has increased to a point where the price is increased, to reach an new equilibrium on a supply demand diagram. For example, if there is a toy many children want for christmas, sellers may increase the price. Cost push inflation is where the price must be increased because the costs of making the product or service has increased, for example, if there was a new tax on raw material A, any products which use this raw material will have their price increased relative to the tax increase.
What happens to a monopolistically competitive firm that begins to charge an excessive price for its products?
Consumers will substitute with a rival's product.
