prices goes higher
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.
High Demand Lowers QuantityLow Demand increases price and quantity
Supply is low, demand is high, and the product is priced high. What is the point in learning the crap?
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.
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
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.
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.
Supply is low, demand is high, and the product is priced high.
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 the supply is high, demand is low, and the product is priced low.
High Demand Lowers QuantityLow Demand increases price and quantity
Supply is low, demand is high, and the product is priced high. What is the point in learning the crap?
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.
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
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.
the price of the product gose downaka less $$$$$
Supply is low, demand is high, and the product is priced high.