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What is public demand?

Public demand is the demand placed on something by the public. It may be a product, a new law, or almost anything, and is the level to which the public does or does not want something.


Where would you place the demand faced by Nordstrom on the impliede demand uncertainty spectrum?

Nordstrom's demand can be placed on the moderate to high end of the implied demand uncertainty spectrum. This is due to factors such as changing fashion trends, seasonal influences, and varying consumer preferences, which can lead to fluctuations in demand for their products. Additionally, the competitive retail environment and the impact of economic conditions further contribute to this uncertainty. Overall, while Nordstrom can predict some demand patterns, significant variability still exists.


How do supply and demand determine the value and quality of goods and services?

Supply and demand determine the value and quality of goods and services through their interaction in the marketplace. When demand for a product exceeds its supply, prices typically rise, which can incentivize producers to improve quality or increase production. Conversely, when supply outstrips demand, prices fall, often leading to reduced quality as producers cut costs. Thus, the balance between supply and demand not only influences pricing but also encourages businesses to adapt their offerings to meet consumer preferences.


Why the short run demand curve is usually less elastic than the long run demand curve?

this was just covered in econ 201 today...people have less time to adapt and find substitute goods in the short-run, but as time passes they are able to find substitutes, making it more elastic.


What critical changes in demand do you foresee in the future?

In the future, I foresee a significant increase in demand for sustainable and eco-friendly products, driven by growing consumer awareness of environmental issues. Additionally, there will likely be a rise in demand for digital and remote services, as businesses and individuals continue to adapt to flexible working arrangements. Health and wellness products may also see heightened demand as people prioritize their well-being in the aftermath of the pandemic. Lastly, advancements in technology could lead to increased demand for smart home devices and automation solutions.

Related Questions

What is metabolic specificity?

refers to the energy demand placed on the body


This principle states that your bodies will physiologically adapt according to whether you are training aerobically or anaerobically?

The principle you are referring to is the principle of specific adaptation to imposed demands (SAID). This principle states that the body will adapt specifically to the type of stress or demand placed upon it during exercise. In this context, it means that the body will adapt differently to aerobic training compared to anaerobic training based on the specific physiological demands of each type of exercise.


What is the definition of the SAID principle?

The SAID principle stands for Specific Adaptation to Imposed Demand. It suggests that the body will adapt specifically to the demands placed on it during training. This means that training must be tailored to the specific goal or skill that is being targeted in order to see optimal improvements.


How do wolves adapt to perform their body function?

wolves adapt by camoflaguing.


What would happen if a gray fox were placed in the Arctic?

they would have to adapt to the cold


What would happen if the gray fox were placed in the Arctic?

They wold have to adapt to the cold arctic


What is public demand?

Public demand is the demand placed on something by the public. It may be a product, a new law, or almost anything, and is the level to which the public does or does not want something.


Do snow leopards adapt?

cause of their for and body


How do frogs get adapted to there environment?

they adapt over time to the climate, temperature, and ecosystems that they live in or are placed on.


The main demand that the incan state placed on its subjects was the mita which was a tribute of?

Labor


Where was the body then placed?

it was then placed in the pyramids built for them wich were called tombs


How do turtles adapt to their environment?

their body temp changes