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if the supply is low and the demand is high, then the price of the good will be high. if there is high supply but low demand, then the price will be low. the price of a good or service is determined by the relationship between supply and demand. look for any basic macro or micro economics books and it should give you a very good explanation on the subject also pay attention to the graphs of supply and demand and you will get a better understanding of the relationship between supply and demand.
What else can I help you with?
What is the difference between the supply and the supply curve?
Supply is the quantities of commodities in a producer willing and able to offer for sale for a particular period of time while supply curve is the use of graphical method to show the relationship between the price and the quantity supply.
Difference between demand and supply of money?
The supply side deals with relationship between the price and the quantity. The demand side deals with the volumes that buyers are willing to purchase at various prices
What is the difference between administered prices and market prices?
administered price means price set by a body outside of the market..And market price is a price set up on basis of demand and supply.
Where is surplus located on a supply graph?
Surplus on a supply graph is located above the equilibrium price, where the quantity supplied exceeds the quantity demanded. This occurs when the market price is set higher than the equilibrium price, leading to excess supply. The area representing surplus reflects the difference between the quantity supplied and the quantity demanded at that price level.
Difference between change in supply and change in quantity supply?
no
Quota rent refers to?
Its the difference between the demand price and the supply price at the quota limit .
What is the difference between the supply and the supply curve?
Supply is the quantities of commodities in a producer willing and able to offer for sale for a particular period of time while supply curve is the use of graphical method to show the relationship between the price and the quantity supply.
Difference between demand and supply of money?
The supply side deals with relationship between the price and the quantity. The demand side deals with the volumes that buyers are willing to purchase at various prices
What is the difference between administered prices and market prices?
administered price means price set by a body outside of the market..And market price is a price set up on basis of demand and supply.
What is the difference between basics and taste the difference?
Other than the taste and the price the company who supply basics to Sainsbury's is not the same as the one who supplies taste the difference. Hope this helps.
Difference between change in supply and change in quantity supply?
no
Where is surplus located on a supply graph?
Surplus on a supply graph is located above the equilibrium price, where the quantity supplied exceeds the quantity demanded. This occurs when the market price is set higher than the equilibrium price, leading to excess supply. The area representing surplus reflects the difference between the quantity supplied and the quantity demanded at that price level.
What is the difference between supply and quantity supplied?
Supply is the amount of a product offered for sale at all possible prices that can succeed in a market; while quantity supplied is the amount that producers are willing and able to supply are a certain price.
What is the Difference between supply voltage and input voltage?
no difference...
How does the relationship between price and quantity impact supply in the market?
The relationship between price and quantity impacts supply in the market through the law of supply. As the price of a good or service increases, suppliers are more willing to produce and sell more of it, leading to an increase in supply. Conversely, if the price decreases, suppliers may reduce the quantity they are willing to supply. This direct relationship between price and quantity supplied helps determine the overall supply levels in the market.
What is difference between individual supply curve and market supply curve?
The difference between individual supply curve and the market supply curve is tat individual supply curve is like a firm. To be able to get the market supply curve you have to have the individual supply curve.
What is the role that various inducements other than price might play in affecting demand and supply in the market?
the quality makes the difference between companies
