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The supply and demand of turkey can be influenced by various factors such as seasonal trends, prices, and consumer preferences. For example, during Thanksgiving, the demand for turkey typically surges, leading to higher prices and potentially increased supply as producers ramp up production to meet this demand. Conversely, if health concerns arise or consumer preferences shift towards alternative proteins, demand for turkey may decline, resulting in an oversupply and falling prices. Overall, the interaction between these factors will determine the market equilibrium for turkey.
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What would happen to supply if demand when up?
supply will increase.
What would happen in the for a good if demand increase and supply decreases?
In the short run, there would be oversupply.
What would happen to a supply and demand graph if the cost of production increases and why?
supply must shift up/left because at every quantity, the price would be higher
What would happen to the price and quantity in this market?
To accurately assess what would happen to the price and quantity in a specific market, we need to consider the factors affecting supply and demand. If demand increases while supply remains constant, prices will likely rise, leading to a higher quantity sold. Conversely, if supply increases without a change in demand, prices may decrease, resulting in a greater quantity sold. The specific outcome depends on the nature of the shifts in supply and demand curves.
Does Supply lead to Demand or does Demand lead to Supply?
It occurs both ways. I must say supply leading to demand 15-20% and demand leading to supply 80% Initially when a product is launched, because of supply some customers may opt to buy it. But all further sales would happen only when there is a demand for the product. Only when there is a demand for a product, the shop owners would buy them, the stockists would sell them and the manufacturers would make them. Let us say you want to open a company that manufactures Tooth paste. Assuming you live in a country where people do not brush at all, would you still want to manufacture it? Even if you do, there would '0' demand for your item. So, you may not manufacture it at all... So in any economy, demand drives the supply in nearly 80% or more cases.
What would happen to supply if demand when up?
supply will increase.
What did the dutch think would happen if the demand for furs was high and the supply was low?
Destiny Kord is awesome
What would happen in the for a good if demand increase and supply decreases?
In the short run, there would be oversupply.
What would happen to a supply and demand graph if the cost of production increases and why?
supply must shift up/left because at every quantity, the price would be higher
Does Supply lead to Demand or does Demand lead to Supply?
It occurs both ways. I must say supply leading to demand 15-20% and demand leading to supply 80% Initially when a product is launched, because of supply some customers may opt to buy it. But all further sales would happen only when there is a demand for the product. Only when there is a demand for a product, the shop owners would buy them, the stockists would sell them and the manufacturers would make them. Let us say you want to open a company that manufactures Tooth paste. Assuming you live in a country where people do not brush at all, would you still want to manufacture it? Even if you do, there would '0' demand for your item. So, you may not manufacture it at all... So in any economy, demand drives the supply in nearly 80% or more cases.
What conditions would change supply and demand?
The economic condition of the area is a condition that can change the balance between supply and demand.
What is the concept of economy?
The concept of Economy is supply equals demand. Without demand there would be no supply which helps make up the economy.
How would a reduction in production cost look like on a supply-demand diagram?
Additional details to the question: What would be the result? increase in supply? decrease in demand? etc...
If people decided to have more children doest it affect to demand and supply?
If significant numbers of people decided to have more children, it may affect supply and demand. It would lead to more demand and less supply.
How does supply and demand affect consumers?
Supply and demand are vital to consumers. If a product is in high demand the supply has to go up which can increase prices because of the demand. Prices end up going up because more has to be shipped and it would have to get to the location of demand in a certain time.
If demand and supply is limited but the demand is high how would the price be affected?
yes, because supply is limited and the demand is high then pretty much the price will be affected. since the shortage of supply, and high demand, then price will be high price and very expensive
What is supply and demand economy?
Supply is how much of the product an economy has. The demand is how much the people need the product. These two make the price. Let's say the supply is high and demand is low, the price would be low. If it was the other way around, price would be higher.
