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What is the tendency of suppliers to offer more of a good at a higher price?
Wiki User
∙ 12y ago
The law of supply. This theorem reflects the usual assumption that cost functions satisfy Innada conditions.
Wiki User
∙ 12y ago
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What is the tendency of suppliers to offer more of a good at higher price?
Law of Supply
What is persistent in economics?
Persistent dumping is a tendency of a domestic monopolist to charge a higher price in a country as compared to the international price.
Suppliers have an incentive to increase output when price is higher than cost of production .true or false?
true
What is persistent dumping in economics?
Persistent dumping is a tendency of a domestic monopolist to charge a higher price in a country as compared to the international price.
Law of supply?
The law of supply is the tendency of suppliers to offer more of a good at a higher price. There is direct relationship between the price of a commodity and its quantity offered for sale over a specified period of time. When the price of a goods rises, other things remaining the same, its quantity which is offered for sale increases as and price falls, the amount available for sale decreases. This relationship between price and the quantities which suppliers are prepared to offer for sale is called the law of supply. Formula for Law of Supply: QxS = Φ (Px Tech, Si, Fn, X,........) Qxs = Quantity supplied of commodity x by the producers. Φ = Function Px = Price of commodity x. Tech = Technology. S = Supplies of inputs. Fn = Features of nature. X = Taxes/Subsidies. Where Tech, Si, Fn and X are constant
What is the tendency of suppliers to offer more of a good at higher price?
Law of Supply
What is the tendency of a supplier offer more goods at a higher price?
Law of Supply
What is the tendency of supplier to offer more of a good at a good higher price?
The law of supply. This theorem reflects the usual assumption that cost functions satisfy Innada conditions.
What is persistent in economics?
Persistent dumping is a tendency of a domestic monopolist to charge a higher price in a country as compared to the international price.
Suppliers have an incentive to increase output when price is higher than cost of production .true or false?
true
What is persistent dumping in economics?
Persistent dumping is a tendency of a domestic monopolist to charge a higher price in a country as compared to the international price.
List of causes of unfavorable direct material price variance?
1.rise in price. if price will be higher than the budgeted price then unfavourable 2.shortage of suppliers. this led to increase in price
Law of supply?
The law of supply is the tendency of suppliers to offer more of a good at a higher price. There is direct relationship between the price of a commodity and its quantity offered for sale over a specified period of time. When the price of a goods rises, other things remaining the same, its quantity which is offered for sale increases as and price falls, the amount available for sale decreases. This relationship between price and the quantities which suppliers are prepared to offer for sale is called the law of supply. Formula for Law of Supply: QxS = Φ (Px Tech, Si, Fn, X,........) Qxs = Quantity supplied of commodity x by the producers. Φ = Function Px = Price of commodity x. Tech = Technology. S = Supplies of inputs. Fn = Features of nature. X = Taxes/Subsidies. Where Tech, Si, Fn and X are constant
What doas Out Bid mean?
Offer higher price
Why does the supply line slope and to the right?
Because, as the price increases, suppliers are prepared to produce more units. Because, as the price increases, suppliers are prepared to produce more units. Because, as the price increases, suppliers are prepared to produce more units. Because, as the price increases, suppliers are prepared to produce more units.
Why don't insurance companies offer policies to older people at a higher price?
They do.
What is the price at which consumers will purchase the same quantity of a product that suppliers will produce?
The equilibrium price is the price at which consumers will purchase the same quantity of a product that suppliers will produce.
