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What happens when a company produces a small quantity of a product and a large number of people want to purchase the product?
When a company produces a small quantity of a product and a large number of people want to purchase the product, the demand will cause the price of the product to go up.
When a company produces a small quantity of a product and a large number of people want to purchase the product is true?
Supply is low, demand is high, and the product is priced high. What is the point in learning the crap?
How will demand effect price and quantity?
High Demand Lowers QuantityLow Demand increases price and quantity
What is effective demand?
Effective Demand is "the demand in which the consumer are able and willing to purchase at conceivable price" simply saying if the product price is low more will buy if the rates went high the quantity of the demand goes down
What does it mean that the demand for a product is high?
if a product is in high demand it means lots of people want/like it, if something is in demand someone wants it, high demand means that product is popular and people want it, it's in high demand.
What happens when a company produces a small quantity of a product and a large number of people want to purchase the product?
When a company produces a small quantity of a product and a large number of people want to purchase the product, the demand will cause the price of the product to go up.
What is the significance of relative quantity in determining the value of a product?
The significance of relative quantity in determining the value of a product lies in the principle of supply and demand. When a product is scarce or in high demand, its value tends to increase. Conversely, when a product is abundant or in low demand, its value tends to decrease. Therefore, the relative quantity of a product in relation to its demand plays a crucial role in determining its value in the market.
When a company produces a small quantity of product and a large number of people want to purchase the product what is true?
Supply is low, demand is high, and the product is priced high.
When a company produces a small quantity of a product and a large number of people want to purchase the product, which of the following is true?
Supply is low, demand is high, and the product is priced high.
When a company produces a large quantity of a product but not many people purchase the product is true?
When a company produces a large quantity of a product but not many people purchase the product the supply is high, demand is low, and the product is priced low.
When a company produces a small quantity of a product and a large number of people want to purchase the product is true?
Supply is low, demand is high, and the product is priced high. What is the point in learning the crap?
How will demand effect price and quantity?
High Demand Lowers QuantityLow Demand increases price and quantity
What is effective demand?
Effective Demand is "the demand in which the consumer are able and willing to purchase at conceivable price" simply saying if the product price is low more will buy if the rates went high the quantity of the demand goes down
What does it mean that the demand for a product is high?
if a product is in high demand it means lots of people want/like it, if something is in demand someone wants it, high demand means that product is popular and people want it, it's in high demand.
What factors contribute to the presence of excess demand and excess supply in the market?
Excess demand occurs when the quantity demanded exceeds the quantity supplied at a given price, leading to shortages. Factors contributing to excess demand include high consumer demand, low prices, and limited supply. Excess supply, on the other hand, happens when the quantity supplied exceeds the quantity demanded, resulting in surpluses. Factors contributing to excess supply include low consumer demand, high prices, and oversupply.
What happens to the price of a good when supply is high but demand is low?
the price of the product gose downaka less $$$$$
When a company produces a small quantity of a product and a large number of people want to purchase the product what is true?
Supply is low, demand is high, and the product is priced high.
