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What occurs when there is an increase in prices that decreases the amount of a good or service you can bu?
Wiki User
∙ 11y ago
Inflation is the word used to describe a general increase in prices and reduction in purchasing power of money.
Wiki User
∙ 11y ago
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What occurs when there is an increase in prices that decreases the amount of a good or service you can buy?
inflation
What occurs when an increase in price decreases a consumer real income?
Income effect
If supply exceeds demand for a product what economic explation occurs?
demand decreases and price will decrease.
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.
How exchange rate has affected BOP?
If the amount spent on goods and service by UK buyers is greater than the amount received from selling goods and services abroad, the UK will experience a balance of payments deficit (trade deficit). If the reverse occurs then the UK will experience a balance of payments surplus (trade surplus)
What occurs when there is an increase in prices that decreases the amount of a good or service you can buy?
inflation
What occurs when an increase in price decreases a consumer real income?
Income effect
As the temperature of a gas decreases what changes occurs in the amount of kinetic energy?
The amount of kinetic energy increases.
As the temperature of a gas decreases what change occurs in the amount of kinetic energy?
The amount of kinetic energy increases.
Why physisorption decreases with increase in temperature?
Physisorption is exothermic in nature. Therefore, in accordance with Le-Chateliere's principle, it decreases with an increase in temperature. This means that physisorption occurs more readily at a lower temperature.
Which variables are most likely to have a negative correlation?
A negative correlation occurs when, as one variable increases, the other variable decreases. Some variables that might have a negative correlation would be: indoor heating use and temperature outside. As the temperature outside decreases, the amount of heating used will increase.
Ice wedging occurs because a given amount of ice has a volume?
Volume increase which exerts force.
Does the wavlength increase when a refraction of a wave occurs when the wave travels from one material into another?
The wavelength changes. Whether it increases or decreases depends on the index of refraction of both materials.
Structural unemployment occurs when?
The need for a particular skill decreases
What is an economic situiton that occurs when the value of a country's money decreases?
Inflation.
What occurs when a sound moves away from you?
the sound´s frequency decreases
Which respiratory disorders produce an increase in dead space volume and how would this increase in dead space affect cellular respiration and metabolism?
eventually the alveoli in the lungs will die because of lack of oxegen cellular respiration will decrease which in turn decreases cellular metabolism and necrosis occurs.
