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.
Then price stagnates.
What ever the demand is it's scarce
The price of the supplies get higher.
The price goes up if the demand is high
the price of the product gose downaka less $$$$$
Then price stagnates.
What ever the demand is it's scarce
The price of the supplies get higher.
The price goes up if the demand is high
the price of the product gose downaka less $$$$$
When there is excess demand for a good or service, the price typically increases. This is because the high demand creates a scarcity of the product, leading sellers to raise prices to balance supply and demand.
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 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.
High Demand Lowers QuantityLow Demand increases price and quantity
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)
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.
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.