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What happens to price when a shortage exists?
Consumers bid up the price.
What happens when price level and income are not constant in demand?
When the price level and income are not constant, demand can fluctuate significantly. An increase in income typically leads to higher demand for normal goods as consumers have more purchasing power, while a decrease in income may reduce demand. Conversely, if the price level rises, consumers may buy less due to decreased purchasing power, leading to a potential decrease in overall demand. These changes can shift the demand curve, affecting market equilibrium and influencing economic activity.
What happens to people on fixed incomes when there is inflation?
His purchasing power goes down
When the price of apples goes up what happens to demand?
When the price of apples goes up, the demand for apples typically decreases, following the law of demand. Consumers may seek substitutes or reduce their consumption of apples due to the higher price. However, the extent of this decrease can vary based on factors such as the availability of alternatives and consumers' preferences.
If there is an increase in the money supply that causes money to lose its purchasing power and leads to inflation what happens to prices?
they rise
Mention a few factors which cause exploitation of consumers?
Exploitation of consumers in the marketplace happens in various ways. For example, sometimes traders indulge in unfair trade practices such as when shopkeepers weigh less than what they should or when traders add charges that were not mentioned before, or when adulterated/defective goods are sold. Thus these above are the factors which causes exploitation of consumers.
What happens if no producers were present in an community?
If there are no producers there are no consumers
What happens to a population if there are too many first level consumers?
nothing happens to the habitat
What happens in a market?
In a product market businesses make and sell goods to consumers. Consumers use their income to purchase these goods.
What happens to price when a shortage exists?
Consumers bid up the price.
What happens when price level and income are not constant in demand?
When the price level and income are not constant, demand can fluctuate significantly. An increase in income typically leads to higher demand for normal goods as consumers have more purchasing power, while a decrease in income may reduce demand. Conversely, if the price level rises, consumers may buy less due to decreased purchasing power, leading to a potential decrease in overall demand. These changes can shift the demand curve, affecting market equilibrium and influencing economic activity.
What happens to a product if the factors are changed?
Nothing happens.
What happens to people on fixed incomes when there is inflation?
His purchasing power goes down
What happen when a plant loses water?
When a plant cell loses water it will undergo a condition called plasmolysis. This condition only happens in the extreme condition and rarely happens in the natural conditions.
When the price of apples goes up what happens to demand?
When the price of apples goes up, the demand for apples typically decreases, following the law of demand. Consumers may seek substitutes or reduce their consumption of apples due to the higher price. However, the extent of this decrease can vary based on factors such as the availability of alternatives and consumers' preferences.
What happens to the amount of energy as it passed from producers to the first order consumers then to the second order consumers?
90% of the energy is lost every time something is consumed.
What happens to the energy as it is passed from the producer to a series of consumers?
It gets used up on the way.
