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Why is the demand curve negatively sloped?
The demand curve is negatively sloped to represent the declining marginal utility from consumption. At greater quantities of consumption each additional unit of a good consumed will yield relatively less utility, thereby reducing the marginal willingness to pay for that good.
What happens to the value of money if an ulimated supply of currency is injected into the economy?
it becomes worthless
Why supply curve is positively sloped?
Increasing population creates increasing demand for goods
What is the key difference between the classical and Keynesian aggregate supply functions?
Classical Aggregate Supply function is vertical whereas the Keynesian Aggregate Supply function is positively sloped.
What happens to supply when input coasts go up?
It decrease because the good becomes more expensive to produce .
Why is the demand curve negatively sloped?
The demand curve is negatively sloped to represent the declining marginal utility from consumption. At greater quantities of consumption each additional unit of a good consumed will yield relatively less utility, thereby reducing the marginal willingness to pay for that good.
What happens to the value of money if an ulimated supply of currency is injected into the economy?
it becomes worthless
Why supply curve is positively sloped?
Increasing population creates increasing demand for goods
What is the key difference between the classical and Keynesian aggregate supply functions?
Classical Aggregate Supply function is vertical whereas the Keynesian Aggregate Supply function is positively sloped.
What happens to supply when input coasts go up?
It decrease because the good becomes more expensive to produce .
Why the aggregate supply curve has its particular shape?
The aggregate supply curve is positively sloped because at a higher price level, producers are more willing to supply more real output.
How can suppliers affect a business both positively and negatively?
How does supply have an impact on prices both positively and negatively?
Why is the short run supply curve positively sloped?
The short run supply curve is positively sloped because it has positive outputs.The profits are high and maximised.Short run decision for a firm is the quickiest and the most risky way to maximise profits in the short period of time.In the short run decision profits are usually reached which means that the firm didn't loose so the curve must be positively sloped as the firm is not in minus. hope I helped.....
What happens to the cost when an item becomes scarce?
When an item becomes scarce, its cost tends to increase. This is due to the basic economic principle of supply and demand - as supply decreases and demand remains constant or increases, prices go up. This increase in cost is typically driven by market forces seeking to balance supply and demand.
When according to the law of supply and demand when supply increases what else happens?
According to the law of supply and demand when supply increases, prices will decrease.
What happens to supply when input costs increase?
When input costs increase, the supply of goods or services typically decreases because it becomes more expensive for producers to make and sell their products. This can lead to higher prices for consumers.
What happens to price if supply increases?
Supply will increase.
