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The demand for a product which is related to the basic needs of life or without that product or good we can't survive, should be stable, such as : water, cloths, food, shelter, etc. In the above mentioned case the demand of such goods remains stable if there is an increase in prices . So stable demand means the demand of any product always remains constant whether its prices rises or not..
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What are the basic commodities with stable demand?
In my opinion stable demand commodities are those which are necessary in life such as oil, gas, corn, rice, coal, steel
What is stable prices?
A state where there is no price changes either by government price restrictions or unchanged demand and supply.
What does it mean if a product's demand is inelastic?
If a product's demand is inelastic, it means that changes in the price of the product do not significantly affect the quantity demanded by consumers. This indicates that consumers are not very responsive to price changes, and the demand for the product remains relatively stable.
What will happen if there is an increase in demand for a product who's supply is perfectly elastic?
The quantity of the the products bought tends to fluxuate a lot. The prices tend to stay somewhat stable. It is opposite for inelastic demand,
What is most likely to happen to the price of a product if demand and supply increase at the same rate?
prices stay stable. studddy islannd ! :)
What are the basic commodities with stable demand?
In my opinion stable demand commodities are those which are necessary in life such as oil, gas, corn, rice, coal, steel
Is there a stable demand for agri supply?
Yes there is a very stable demand for agri supply. As the population increases more food is needed and more supplies in which too make the food.
What is stable prices?
A state where there is no price changes either by government price restrictions or unchanged demand and supply.
Why is rupee falling?
the ultimate cause is because demand for rupee has fallen and concerned countries are unable to stable this demand which in fact is due to the overall economic conditions in the countries concerned
What does it mean if a product's demand is inelastic?
If a product's demand is inelastic, it means that changes in the price of the product do not significantly affect the quantity demanded by consumers. This indicates that consumers are not very responsive to price changes, and the demand for the product remains relatively stable.
What will happen if there is an increase in demand for a product who's supply is perfectly elastic?
The quantity of the the products bought tends to fluxuate a lot. The prices tend to stay somewhat stable. It is opposite for inelastic demand,
What is most likely to happen to the price of a product if demand and supply increase at the same rate?
prices stay stable. studddy islannd ! :)
What is most likely to happens to the price of a product if demand and supply increases at the same rate?
prices stay stable. studddy islannd ! :)
What is most likely to happen to the prices of a product if demand and supply increase at the same rate?
prices stay stable. studddy islannd ! :)
How stable are careers in healthcare?
In this day and age, healthcare is one of the most understaffed industries in the United States. A career in healthcare is very stable because the demand is so high and the fact that people will always need doctors and nurses.
What is a Equilibrium in a market?
The state in which real estate market supply and demand balance each other and, as a result, prices become stable. Generally, when there is too much supply for goods or services, the price goes down, which results in higher demand. The balancing effect of supply and demand results in a state of equilibrium.
How does the relationship between supply and demand impact market equilibrium?
The relationship between supply and demand impacts market equilibrium by determining the price and quantity at which they are in balance. When supply and demand are equal, market equilibrium is reached, resulting in a stable price and quantity for a good or service. If supply exceeds demand, prices may decrease to encourage more purchases, and if demand exceeds supply, prices may increase to balance the market.
