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What will a decrease in the price of a particular product result in?
Wiki User
∙ 9y ago
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.
Wiki User
∙ 9y ago
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If A decrease in price of a product will result in?
increase in demand and decrease in supply.
Would a decrease in input cost to firms in a market will result in a decrease in equilibrium price?
A decrease in input costs to firms in a market will result in
The Law of Supply and Demand states that if the supply of a product increases then the price of that product will?
decrease. It will also decrease if the demand decreases. Conversely, if the supply of a product decreases or if the demand increases, the price will increase.
An increase in product price will cause?
the product supply increase. The quntity deman decrease
What will happen when the supply of a product increases According to Adam Smith?
the price of the product will decrease
If A decrease in price of a product will result in?
increase in demand and decrease in supply.
Would a decrease in input cost to firms in a market will result in a decrease in equilibrium price?
A decrease in input costs to firms in a market will result in
The Law of Supply and Demand states that if the supply of a product increases then the price of that product will?
decrease. It will also decrease if the demand decreases. Conversely, if the supply of a product decreases or if the demand increases, the price will increase.
An increase in product price will cause?
the product supply increase. The quntity deman decrease
What will happen when the supply of a product increases According to Adam Smith?
the price of the product will decrease
How would it be possible to observe a decrease in both the equilibrium price and quantity in the market at the same time?
A fall in demand will result in the decrease of both equilibrium price and quantity. A fall in demand( a leftward shift in the demand curve) will result in the decrease of both equilibrium price and quantity.
What causes the equilibrium price to decrease?
1. The increase in quantity will cause the equilibrium price to decrease. 2. If the cost to produce a product decreases, the price will decrease. This may not be the case however; if the product is inelastic 3. When more supplier's enter the market place for that product, the competition will go up and prices will lower. 4. When one of the ingredients of a product is changed to a less expensive alternative, the price can be lowered as it will be more competitive.
What cause the price to decrease?
1. The increase in quantity will cause the equilibrium price to decrease. 2. If the cost to produce a product decreases, the price will decrease. This may not be the case however; if the product is inelastic 3. When more supplier's enter the market place for that product, the competition will go up and prices will lower. 4. When one of the ingredients of a product is changed to a less expensive alternative, the price can be lowered as it will be more competitive.
A decrease in input costs to firms in a market will result in?
a decrease in equilibrium price and an increase in equilibrium quantity
What happens in the case of a product that has elastic supply when the price decrease?
people die
What would decrease the quanity of a product sold in a competive market?
The price, the quality
Which may occur as a result of a decrease in the price of laptop computers?
More will be sold.
