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Difference between potential demand from effective demand?
effective demand is the willingness and desire to have a commodity backed by purchasing power whereas potential demand is the willingness and desire to have a commodity not backed by purchasing power
What is buyer power?
Buyer power is the power given to consumers. They have the power to decide to buy a product which can change the demand changing the cost of the product.
What determines a demand for a product?
Purchase power,income level,necessarity,willingness
What happens when price level and income are not constant in demand?
When the price level and income are not constant, demand can fluctuate significantly. An increase in income typically leads to higher demand for normal goods as consumers have more purchasing power, while a decrease in income may reduce demand. Conversely, if the price level rises, consumers may buy less due to decreased purchasing power, leading to a potential decrease in overall demand. These changes can shift the demand curve, affecting market equilibrium and influencing economic activity.
Why is demand for energy increasing?
What is one reason for the increasing demand for rubber? Its use as a waterproofing agent Because the worlds population is increasing, and more people need more power.
How to increase load on a bus in power system.Does it means to increase the bus active power demand or reactive power demand or both?
You can increase load on a bus power system by increasing the bus active power demand ans reactive power demand.
Difference between potential demand from effective demand?
effective demand is the willingness and desire to have a commodity backed by purchasing power whereas potential demand is the willingness and desire to have a commodity not backed by purchasing power
What is the role of reactive power in a power system?
To supply the reactive power demand of load and to regulate of output volage at the grid
What is buyer power?
Buyer power is the power given to consumers. They have the power to decide to buy a product which can change the demand changing the cost of the product.
What time uses more power?
Generally, using power during "peak" times when overall demand is high, such as early evening hours, uses more power. This is because the electricity grid has to work harder to meet the increased demand during these times. It is more energy-efficient to use power during "off-peak" times when demand is lower.
What are the causes of enery demand in South Africa?
A shortage of power stations and poorly maintained power stations.
What is the difference between Peak and off peak?
peak is when the demand of electric power is very high, and off peak is when the demand is low
Why is loadshedding necessary?
Since there is no sufficient power available as per the demand
What is load forecasting?
Load forecasting is used by power companies to anticipate the amount of power needed to supply the demand.
How much power does a power grid carry?
It depands upon the current load demand and the desine capacity of the grid.
What places does Indian Point Nuclear Power Plant give power to?
Indian Point generates power to the New York Power Pool. As such, its power is distributed as flow requirements might demand, on a dynamic basis. However, it is considered that Indian Point generates 30% of the electricity demand for New York City and Westchester County.
The demand for power in India has been constantly growing However power generation has not kept pace with demand leading to frequent power cuts in several parts of India Why?
n India the demand of electricity per head is more than generation of electricity.Moreover till December 2011, over 300 million Indian citizens had no access to electricity. With the growing population the demand also increasing. However, generation of electricity is not increasing at that pace. In the picture it is showing a good sign as shortage of power in peak is reducing year by year.
