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you dont get your loubutons x

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Q: What happens when shoes sell out because of supply and demand?
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What is the explanation for the law of supply and demand?

How many shoes a company has and how many people want the shoes is demand. When the company has more than enough shoes, the supply is larger than the demand so the price is lower. When there aren't enough shoes, the demand is higher so the price is lower. For example, if there is only one dollar in the entire country, one person would be rich because they have all of the money. But if there was one trillion dollars, money would have less value because one dollar would only be 1/1,000,000,000,000th of all of the money.


Why are Gucci shoes so expensive?

Because they are made out of real skin/leather You must first know the laws of "Supply and Demand". Then you will understand why people will pay for it. M. Economics. Gucci shoes are expensive because of the name and quality. These luxury items are made from high quality leather and is craftily designed to perfection.


What determines which goods a country should produce or export?

1.historical links / relations with acertain target countries


What gives the dollar it's value?

The Dollar is considered a good like a pair of shoes or some food. The value of a good is determined directly through demand and supply. If more currency is demanded the price will go up and vice versa. WORKED EXAMPLE Imagine a pair of shoes costs $100 in the USA or 100 pounds in the UK Assume the exchange rate is 1 pound = $100. UK consumers will be able to buy the same shoe in the USA for just 1 pound. As such people begin to change their pounds into dollars to buy the shoe. However as demand and supply dictates, the higher the demand the higher the price. As more and more people change their money into dollars, the dollar will 'appreciate' in value. For example, after a few months the exchange rate becomes 1 pound to $50 . The shoes are still very cheap to UK consumers and so they will continue to change their pounds into dollars. This will happen until 1 pound = $1 (in my example) In reality there are so many goods to choose from and also speculation buy traders that can affect the value FUNDAMENTALLY THE LAW OF DEMAND AND SUPPLY WILL VALUE ANY GOOD OR SERVICE IN THE WORLD


Shoe factory has an elasticity of supply of .5 as the price of shoes rises from 50 to 75. If the factory produced 100000 shoes at a market price of 50 how many will be produced at the new price?

125,000

Related questions

What is the explanation for the law of supply and demand?

How many shoes a company has and how many people want the shoes is demand. When the company has more than enough shoes, the supply is larger than the demand so the price is lower. When there aren't enough shoes, the demand is higher so the price is lower. For example, if there is only one dollar in the entire country, one person would be rich because they have all of the money. But if there was one trillion dollars, money would have less value because one dollar would only be 1/1,000,000,000,000th of all of the money.


Why is name brand shoes so high priced?

Because many people are willing to pay for status.It's the law of supply and demand.


Why are Gucci shoes so expensive?

Because they are made out of real skin/leather You must first know the laws of "Supply and Demand". Then you will understand why people will pay for it. M. Economics. Gucci shoes are expensive because of the name and quality. These luxury items are made from high quality leather and is craftily designed to perfection.


Why do some shoe manufacturers such as the one making Jordan sneakers only distribute a limited amount?

Supply and demand. By artificially restricing supply they can increase the upward pressure on prices and therefore charge more for their shoes.


What is the demand of shoes?

Burgrs


Who Doesn't Want Cheap Designer Shoes?

If you could get cheap designer shoes would you not jump at the opportunity? Most people would gladly do this. However, this kind of thing likely seems impossible to you until now. There are actually plenty of places that will sell you cheap designer shoes if you are willing to put in the effort to find these kinds of locations. Get to work looking for online stores in particular that may have an overstock of designer shoes. When they have this kind of imbalance in supply and demand, they are certain to drop the prices in order to get that supply off of their shoulders. You are just the one who happens to jump in and help them to make this happen.


Why the demand and cost of tennis shoes have change?

because it was back in the day and things cost less then than now


Do boys mossimo supply co fadey skull skate shoes - black have wheels?

no they dont, because i have a pair of them


Which retail stores supply Gravis shoes?

There are a few retail stores that supply Gravis shoes that are online and for a good price. Amongst these are Tilly's, Eddie's, Retail Me Not and Store Supply.


Why are branded shoes and other accessories so expensive?

Because that way the companies can make more money. Shoes that are cool, like branded shoes, are in more demand, so the companies are able to charge more because people will still bbuy them. It's tough, but that's the way it is.


How high is the demand for architects?

"Get on the floor and shine my shoes, Boy!" >:D


What is the Rental price for a 2800 square foot property?

The answer is, "Whatever the renter is willing to pay that the owner will accept." The owner wants to be "competitive" in the "marketplace" of leasing land in that area. Unless the owner will give you a special deal, he or she will ask for a price -- based on many factors -- that should be approximately the same as the price for similar properties. Cost is determined by "supply" and "demand." Where land is scarce and "supply" is low (such as in a major city) or where many people want land and the "demand" is high (such as at a beach resort), the price will be higher. If land is plentiful and "supply" is high (such as in farming areas), or where few people want land and the "demand" is low (such as swampland), the price will be lower. Some considerations in establishing a price: In what country is the land? If in the United States, which state? (demand and the expense of taxes vary from state to state.) What is the zoning of the property? (How can the land be used?) Are there any improvements to the property? Is there road access to the property? Remember that price is determined by a combination of supply and demand. Some things, such as land or vehicles, are negotiated directly between buyer and seller to determine a price reflecting supply and demand. Other things, such as groceries or shoes, have set prices based on anticipated supply and demand.