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What is the concept of economy?
The concept of Economy is supply equals demand. Without demand there would be no supply which helps make up the economy.
What does A perfect elastic supply curve look like?
Demand and cost are inversely related, i.e., as the cost goes up, the demand goes down, and as cost goes down, demand goes up. So any two cost-demand curves are are inversely related constitute a perfect elastic supply curve.
How does supply and demand affect consumers?
Supply and demand are vital to consumers. If a product is in high demand the supply has to go up which can increase prices because of the demand. Prices end up going up because more has to be shipped and it would have to get to the location of demand in a certain time.
What happens when price goes up in elasticity of demand?
demand goes down
In a perfect market what forces price to go up in a commodity?
Lower supply and/or greater demand make prices for a commodity rise.
What qualties make up an intelligent investor?
Patience and an understanding of the reasons that stock prices change are two important qualities.
What four qualities make up a plant?
The root system, the stem or trunk, the leaves and the reproduction method (flower, seeds, etc) make up the four qualities or characteristics of a plant.
What qualities make up an identity?
self awareness grows and changes
If the wii is so high in demand why don't they make more?
They do. The demand is so big that its pretty hard to catch up with it...
What is the concept of economy?
The concept of Economy is supply equals demand. Without demand there would be no supply which helps make up the economy.
Can a decoction be refrigerated?
A decoction may be refrigerated for up to two days and retain its healing qualities
What are personal qualities?
Personal qualities are the characteristics that make up a persons demeanor. Personal qualities can include their general disposition, work ethic, and moral values.
People demand freedom of speech to make up for the freedom of thought which they avoid?
yes
What effect would a rule stating that university students must live in university dormitories have on price elasticity of demand for dormitory space?
This would make the demand on dormitories go up significantly, so prices would go up in correlation with demand.
What two shapes make up a hexagon?
Two trapezoids can make up a hexagon.
What does A perfect elastic supply curve look like?
Demand and cost are inversely related, i.e., as the cost goes up, the demand goes down, and as cost goes down, demand goes up. So any two cost-demand curves are are inversely related constitute a perfect elastic supply curve.
What are the interpersonal qualities that make up the eq?
self awareness, self motivation, impulse control and interpersonal skills
