0
Want this question answered?
Be notified when an answer is posted
Add your answer:
Earn +20 pts
Is this a change in the supply or demand of swimsuits why is it an increase or decrease what will happen to the price of swimsuit why is this a rip off?
A change in the supply and demand of swimsuits often occurs.
If demand increaces what economic explanation occurs?
If Demand is one the increase, it means that people have surplus income to spare. This is good indicator of economic growth.
What effect does a complementary goods price have on the demand of another good?
Complementary goods are consumed in conjunction with each other, this means their demand moves in the same direction. An increase in price of one good lowers it's demand, less of it is consumed and less of the complement good is also consumed. The opposite occurs when price falls, demand for both goods increases.
What occurs when an increase in price decreases a consumer real income?
Income effect
How is today's gold prices increase or decrease?
as with any product, prices will fluctuate with demand and supply. if the demand increases or supply is reduced, prices will rise. if demand falls or there surplus supply, the opposite also occurs.
Is this a change in the supply or demand of swimsuits why is it an increase or decrease what will happen to the price of swimsuit why is this a rip off?
A change in the supply and demand of swimsuits often occurs.
If demand increaces what economic explanation occurs?
If Demand is one the increase, it means that people have surplus income to spare. This is good indicator of economic growth.
What effect does a complementary goods price have on the demand of another good?
Complementary goods are consumed in conjunction with each other, this means their demand moves in the same direction. An increase in price of one good lowers it's demand, less of it is consumed and less of the complement good is also consumed. The opposite occurs when price falls, demand for both goods increases.
What occurs when an increase in price decreases a consumer real income?
Income effect
How is today's gold prices increase or decrease?
as with any product, prices will fluctuate with demand and supply. if the demand increases or supply is reduced, prices will rise. if demand falls or there surplus supply, the opposite also occurs.
When a shortage occur?
A water shortage occurs when there is to little water or too great a demand in an area- or both.
When does a shortage occur?
A water shortage occurs when there is to little water or too great a demand in an area- or both.
What is kirk effect?
The Kirk effect occurs at high current densities in bipolar junction transistors and causes a dramatic increase in the transit time of a transistor.
Why does the supply curve increase or decrease?
The supply and demand curve follows four basic laws :If demand increases (demand curve shifts to the right) and supply remains unchanged, a shortage occurs, leading to a higher equilibrium price.If demand decreases (demand curve shifts to the left) and supply remains unchanged, a surplus occurs, leading to a lower equilibrium price.If demand remains unchanged and supply increases (supply curve shifts to the right), a surplus occurs, leading to a lower equilibrium price.If demand remains unchanged and supply decreases (supply curve shifts to the left), a shortage occurs, leading to a higher equilibrium price.
What is the difference between change in demand curve and shift in demand curve?
Change in demand curve is caused by the change in the price of the product. This is the change that occurs ON THE DEMAND CURVE. The price changes changes the QUANTITY DEMANDED, not the demand curve itself. Shift in demand curve is caused by NON PRICE DEMAND DETERMINANTS. Basically it shifts the ENTIRE curve (right (increase) or left (decrease)). Change in income, change in number of consumers, taste and preferences, price of related goods, and future expectations all cause shifts in demand curve. For example, an increase in the number of consumers would shift the demand to the right because demand would increase.
Is a balance of trade surplus beneficial for a country?
other countries will enforce protectionist policies to protect domestic firms and control imports from surplus countries also as a surplus increases AD the multiplier effect can increase AD futhur more. if an economy cannot increase output to match this new demand inflationary pressure occurs as prices are increased
Occurs when supply outstrips demand?
surplus
