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What was the result if demand was high and an item could be produced cheaply nearby?
Wiki User
∙ 10y ago
Price Would Go Up
Wiki User
∙ 10y ago
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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 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 would be produced as the result of vegetative growth?
The leaves are produced as the result of vegetative growth.
The substance produced as a result of a chemical reaction?
You have half answered this question for yoiurself ( produced) ; the answer is 'PRODUCTS'.
What is produced as a result of friction?
Heat.
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.
What is the result of high equilibrium wage?
an extra demand for workers
