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What usually happens to prices when there is great demand for a product?
Wiki User
∙ 9y ago
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
Wiki User
∙ 13y ago
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What usually happens to prices when there is a demand for a product?
The price is raised.
What happens when Demand is low product and quantity is high?
prices goes higher
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 usually happens to prices when there is a demand for a product?
The price is raised.
What happens when Demand is low product and quantity is high?
prices goes higher
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 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 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.
If the prices have a little effect on the quantity of a product demanded the product is said to have?
inelastic demand
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.
What happens to price as demand decreases?
Prices normally increase as demand increases and decrease as demand decreases.
