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What two conditions must producers meet for there to be supply of a product?
Wiki User
∙ 11y ago
Quantity and price
Wiki User
∙ 11y ago
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When a producer is unable to meet the demand of a certain product?
If a producer is unable to meet the demand for a certain product, then either there will be other producers of the same product who will meet the demand, or if not, then there will be a shortage. Prices will rise.
When supply of a product is not enough to meet demand?
scarity
What will happen to the prices in the market if the supply and demand meet at the equilibrium?
Transaction happens when supply and demand meet. Both sides (a seller and a buyer) meet their needs: a seller gets money for its products (now he can manufacture next products) and a buyer gets product he needed.
Where do consumers and producers meet?
Market
Point where demand and supply meet?
The point where supply and demand meet is called market equilibrium.
When a producer is unable to meet the demand of the certain product?
If a producer is unable to meet the demand for a certain product, then either there will be other producers of the same product who will meet the demand, or if not, then there will be a shortage. Prices will rise.
When a producer is unable to meet the demand of a certain product?
If a producer is unable to meet the demand for a certain product, then either there will be other producers of the same product who will meet the demand, or if not, then there will be a shortage. Prices will rise.
When supply of a product is not enough to meet demand?
scarity
When a producer is unable to meet the demands of a certain producer?
If a producer is unable to meet the demand for a certain product, then either there will be other producers of the same product who will meet the demand, or if not, then there will be a shortage. Prices will rise.
What is demand Why does it slope downward?
'Demand' referring to the product of a Supply vs. Demand chart shows the general consumer interest in a product depending on its price. Where the X-axis represents general price and the Y-axis represents general consumer interest. As the price of a product goes up, the interest of the purchasing public in that product will decrease.Similarly, as the price for a product increases, producers will increase their production of that product so as to maximize profit. This is reflected by the 'Supply' line. The point where the two meet is known as the equilibrium point, and represents the maximally efficient point of production to satisfy both consumers and producers without producing either a surplus (greater supply than demand) or a shortage (greater demand than supply) of the product in question.
What conditions is aerobic respiration unable to supply enough oxygen to meet the demands of your cells?
when it is over 22.3 degrees
What will happen to the prices in the market if the supply and demand meet at the equilibrium?
Transaction happens when supply and demand meet. Both sides (a seller and a buyer) meet their needs: a seller gets money for its products (now he can manufacture next products) and a buyer gets product he needed.
Where do consumers and producers meet?
Market
What happens when demand meets supply?
Transaction happens when supply and demand meet. Both sides (a seller and a buyer) meet their needs: a seller gets money for its products (now he can manufacture next products) and a buyer gets product he needed.
Can you give me a sentence with the word producers?
I'd like to meet with the producers of this film.
What does the product modification strategy of international marketing entail?
A product modification strategy keeps the physical product essentially the same; modifications, however, are made to meet local conditions or preference in package sizes or colors
Point where demand and supply meet?
The point where supply and demand meet is called market equilibrium.
