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What usually happens to prices when there is a demand for a product?
Wiki User
∙ 12y ago
The price is raised.
Wiki User
∙ 12y ago
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What happens when Demand is low product and quantity is high?
prices goes higher
What usually happens to prices when there is great demand for a product?
if a high demand of a product when it is commen (ex: tooth brushes) it would go down. if its uncommen (ex: solid gold tooth brushes) it would go up
What happens to the price when there is a shortage of products?
The prices increases, because the demand is higher for the product, since there is less of it.
What kind of relationship does demand have with prices?
the relationship demand has with prices is that when the demand for a product is high the prices go high as well, like gas and food....
What happens to prices when demand is greater than suply?
They rise. Supply & demand.
What happens when Demand is low product and quantity is high?
prices goes higher
What usually happens to prices when there is great demand for a product?
if a high demand of a product when it is commen (ex: tooth brushes) it would go down. if its uncommen (ex: solid gold tooth brushes) it would go up
What happens to the price when there is a shortage of products?
The prices increases, because the demand is higher for the product, since there is less of it.
What happens if the prices of commodities fall?
When the prices of the commodities fall, the demand of that commodity usually increases. On the same note the supply of the given commodity usually decreases as well.
What kind of relationship does demand have with prices?
the relationship demand has with prices is that when the demand for a product is high the prices go high as well, like gas and food....
What is most likely to happens to the price of a product if demand and supply increases at the same rate?
prices stay stable. studddy islannd ! :)
What happens to prices when demand is greater than suply?
They rise. Supply & demand.
The supply of a product normally decreases if what happens?
The supply of a product normally decreases if a retail store offers a sale on the product. The shortage after the sale might tend to make prices rise if the product is still in high demand.
What determines the prices of goods and services in the product market?
Supply and demand. Supply and demand determines the prices of goods and services in the market.
How demand-pull inflation leads to an upward trend in prices?
Demand-pull inflation will tend to result in less demand for a product. This tactic is used when too many dollars are going after products with too little supply.
If the prices have a little effect on the quantity of a product demanded the product is said to have?
inelastic demand
What happens when demand rises by more than supply falls?
If demand rises, the demand curve will shift to the right. A fall in supply will mean that the curve moves leftwards. The result is higher prices at a lower quantity. Excess demand may occur
