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When demand for a product is low, businesses may experience excess inventory, leading to increased storage costs and potential waste. To stimulate sales, companies might reduce prices or offer promotions, which can impact profit margins. Additionally, prolonged low demand may prompt businesses to reevaluate their product offerings, potentially leading to discontinuation or rebranding efforts. Overall, low demand can force companies to adapt their strategies to align with market conditions.
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If there is excess demand for a product or service what will happen to the price?
there is consumer advice
What is the rule of supply and demand?
Supply depends on demand.The demand is how much a product is wanted.The supply is how many of a certain product is made.It depends on demand because if a product is not getting enough demand, the supply will come to a stop or become very low.
How does an increase in a products price affect demand for the demand for the product's complements?
It can affect demand because of individual low income earner.
Explain why the law of demand can apply only in a free market?
Because the free market is the entity that in itself dictates the law of supply and demand. If the purchasing public has a high demand for a product, then more of that product is produced. Conversely, if there is only a low demand for a product, less of that product is produced.
What is in a free enterprise economy supply and demand affect the of a product?
In a free enterprise system, when supply is low and demand is high, prices are higher, but when supply is high and and demand is low, prices are lower.
What happen when the demand for a product?
When demand decreases, supply increases.
What are the Law of Supply and Law of Demand?
In economics, when a commodity is in high demand or in scarce supply, its price will rise; when a commodity is in low demand or plentifully supplied, its price will be lower.The laws of supply and demand dictate that if a product is in short supply, but the demand is high, the price of the product will also rise. If a product is in overabundance, but the demand is low, the price of the product will decrease.
How do apple lower their product?
high supply low demand
If there is excess demand for a product or service what will happen to the price?
there is consumer advice
Why is aggregate supply related to the price level?
This is in accordance to the Demand & Supply Theory... When the demand for a product is high and its supply is low, this usually causes the price of that commodity to increase Similarly when supply for a product is high and the demand for that product is low, it causes the price of that product to decrease. Hence the supply is inversely related to the price of any product (Provided the Demand is in accordance to the two points mentioned above)
What is the rule of supply and demand?
Supply depends on demand.The demand is how much a product is wanted.The supply is how many of a certain product is made.It depends on demand because if a product is not getting enough demand, the supply will come to a stop or become very low.
How does an increase in a products price affect demand for the demand for the product's complements?
It can affect demand because of individual low income earner.
What will happen when the demand for a product increases according to Adam Smith?
Supply increases.
Explain why the law of demand can apply only in a free market?
Because the free market is the entity that in itself dictates the law of supply and demand. If the purchasing public has a high demand for a product, then more of that product is produced. Conversely, if there is only a low demand for a product, less of that product is produced.
What are the examples product of latent demand?
There is a latent demand for a low-calorie, creamy, and excellent-tasting ice cream.
According to Adam smith what happen when the demand for a product decreases?
Supply increases.
What is in a free enterprise economy supply and demand affect the of a product?
In a free enterprise system, when supply is low and demand is high, prices are higher, but when supply is high and and demand is low, prices are lower.
