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What happens to the price of an object when the demand is high?
Wiki User
∙ 10y ago
The first basic law of supply and demand is:
If demand increases and supply remains unchanged, a shortage occurs, leading to a higher equilibrium price.
So the price goes up.
Wiki User
∙ 10y ago
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What happens when supply is high and demand is high?
Then price stagnates.
What happens to price if demand is high and supply is low?
What ever the demand is it's scarce
What happens when supplies are low and demand is high?
The price of the supplies get higher.
What happens to prices when there is a shortage in the market?
The price goes up if the demand is high
What happens to the price of a good when supply is high but demand is low?
the price of the product gose downaka less $$$$$
What happens when supply is high and demand is high?
Then price stagnates.
What happens to price if demand is high and supply is low?
What ever the demand is it's scarce
What happens when supplies are low and demand is high?
The price of the supplies get higher.
What happens to prices when there is a shortage in the market?
The price goes up if the demand is high
What happens to the price of a good when supply is high but demand is low?
the price of the product gose downaka less $$$$$
If demand and supply is limited but the demand is high how would the price be affected?
yes, because supply is limited and the demand is high then pretty much the price will be affected. since the shortage of supply, and high demand, then price will be high price and very expensive
What happens when you have a surplus of goods to price?
What happens is there is too much of a good and not enough demand. This is called over supply and usually occurs when the current price level for the good is too high. To sell off the remaining goods, the solutions is to lower the price level and increase demand.
How will demand effect price and quantity?
High Demand Lowers QuantityLow Demand increases price and quantity
What are the causes of fall in consumer spending?
The price of the object may be to high, the demand for the object lessens, People forgot about the store, and the people that bought an object has to save up( could have lost their job)
Explain law of demand?
Law of demand is an important law of economics. It establishes a relationship between price and demand.other things renaming the same when the price of commodity falls its demand will go up likewise,when the price of the commodity rises its demand will fall price and demand moves in opposite direction.there is inverse relationship between demand and price.in other words low price high demand high price low demand.
What is the demand of law?
As the price of a good decreases, the amount that consumers are willing to purchase increases. It states the inverse relationship between price and demand; that when prices are high, there is a low amount of demand and when prices are low there is a high amount of demand. The price is the indicator in this law.
What is the law demand?
As the price of a good decreases, the amount that consumers are willing to purchase increases. It states the inverse relationship between price and demand; that when prices are high, there is a low amount of demand and when prices are low there is a high amount of demand. The price is the indicator in this law.
