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What will a decrease in the price of a particular product result in?
A decrease in the price of a particular product will result in higher demand. It may also result in shortages if the product cannot be produced fast enough for consumers.
What will happen if Aggregate demand increases and aggregate supply decreases?
An increase in aggregate demand and a decrease in aggregate supply will result in a shortage: there will be more goods and services demanded than that which is being produced.
The supply and demand model predicts that a price floor will result?
The supply and demand model that a price floor will result in is based on consumer want and need. A lower demand will result in lower market values for products.
Which of these terms is the result of having too little of a product to meet the demand for it?
Scarcity is the result of having too little of a product to meet the demand for it.
What is the result of a high equilibrium wage?
an extra demand for workers
What will a decrease in the price of a particular product result in?
A decrease in the price of a particular product will result in higher demand. It may also result in shortages if the product cannot be produced fast enough for consumers.
When was aboriginal art?
aboriginal Art was produced in one form or another thousands of years. Today a lot more aboriginal art is being produced as a result of tourism and a demand for it overseas.
What will happen if Aggregate demand increases and aggregate supply decreases?
An increase in aggregate demand and a decrease in aggregate supply will result in a shortage: there will be more goods and services demanded than that which is being produced.
What will happen if Aggregate demand increases and aggregate supply increases?
An increase in aggregate demand and a decrease in aggregate supply will result in a shortage: there will be more goods and services demanded than that which is being produced.
The supply and demand model predicts that a price floor will result?
The supply and demand model that a price floor will result in is based on consumer want and need. A lower demand will result in lower market values for products.
What does the supply and demand model predict a price floor will result in?
supply and demand model predicts that a price floor will result in
Which of these terms is the result of having too little of a product to meet the demand for it?
Scarcity is the result of having too little of a product to meet the demand for it.
What are the short term effects of gunpowder?
The short-term effects of gunpowder include the immediate explosion produced when ignited, which generates a rapid release of gas and heat. This explosion can cause significant physical damage to surrounding structures, objects, and individuals through shockwaves and shrapnel. Additionally, the fire produced can ignite nearby materials, leading to secondary fires. The sound of the explosion can also result in temporary hearing loss or psychological shock for those nearby.
The substance produced as a result of a chemical reaction?
The substance produced as a result of a chemical reaction is called a product. It is formed when reactants undergo a chemical transformation, resulting in new substances with different properties. The products are the end result of the reaction and are often used in various applications.
After computing a elasticity demand and it result was negative what does it implies in economic?
The price elasticity of demand should be negative. This is because the relationship between demand and price, according to the law of demand, is negative.
Almost all electrical energy is produced as a result of hydroelectric power?
NO. Almost all electrical energy is produced as a result of burning fossil fuels.
What is the result of a high equilibrium wage?
an extra demand for workers
