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When a producer is unable to meet the demand of a certain product?
Wiki User
∙ 11y ago
If a producer is unable to meet the demand for a certain product, then either there will be other producers of the same product who will meet the demand, or if not, then there will be a shortage. Prices will rise.
Wiki User
∙ 11y ago
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When a producer is unable to meet the demand of a certain product what occurs?
asswhole
What occurs when a producer is unable to meet the demand of a certain product?
asswhole
When a producer is unable to meet the demand of a certain product occurs?
asswhole
Is demand forecasting equally important for small and large business firms?
Yes demand forecasting is very important for all firms small and large. Without proper demand forecasting, a company may not be able to meet the demand for their items. When a customer is unable to get the product they want more than once, they might choose to buy the competitors product. similarly if we produce excess goods then we may not be able to sell them and incur losses
Using demand and supply analysis explain why the govt might wish to control the price of rice below the market equilibrium price and economic consequences of such a policy?
Keeping the price of rice below the market equilibrium is to enable those whom previously was unable to afford now able to consume the good. If left to market forces, price of rice will be high as rice is considered a necessity in certain part of the world and faces an inelastic demand. Hence, the producer can jack up the price without worrying about the less than proportionate fall in quantity demanded. However, this creates a negative impact on the consumers as the poor now are unable to afford the good. Some economic consequences is that there will be a shortage of good as price is low, demand outweigh the supply and hence, it could lead to black market forming and sorts. Hope this help! :)
When a producer is unable to meet the demand of the certain product?
If a producer is unable to meet the demand for a certain product, then either there will be other producers of the same product who will meet the demand, or if not, then there will be a shortage. Prices will rise.
When a producer is unable to meet the demands of a certain producer?
If a producer is unable to meet the demand for a certain product, then either there will be other producers of the same product who will meet the demand, or if not, then there will be a shortage. Prices will rise.
When a producer is unable to meet the demand of a certain product what occurs?
asswhole
What occurs when a producer is unable to meet the demand of a certain product?
asswhole
When a producer is unable to meet the demand of a certain product occurs?
asswhole
When a producer is unable to meet the demand of a certain product, which of the following occurs?
scarcity
Is demand forecasting equally important for small and large business firms?
Yes demand forecasting is very important for all firms small and large. Without proper demand forecasting, a company may not be able to meet the demand for their items. When a customer is unable to get the product they want more than once, they might choose to buy the competitors product. similarly if we produce excess goods then we may not be able to sell them and incur losses
Unable to control price profitable producer faced with rising labor andor materials cost will?
The answer is: go bankrupt.
Why is it problemetic to base your economy on one product?
Proponents of economic democracy generally argue that modern capitalism periodically results in economic crises characterized by deficiency of effective demand, as society is unable to earn enough income to purchase its output production.
Using demand and supply analysis explain why the govt might wish to control the price of rice below the market equilibrium price and economic consequences of such a policy?
Keeping the price of rice below the market equilibrium is to enable those whom previously was unable to afford now able to consume the good. If left to market forces, price of rice will be high as rice is considered a necessity in certain part of the world and faces an inelastic demand. Hence, the producer can jack up the price without worrying about the less than proportionate fall in quantity demanded. However, this creates a negative impact on the consumers as the poor now are unable to afford the good. Some economic consequences is that there will be a shortage of good as price is low, demand outweigh the supply and hence, it could lead to black market forming and sorts. Hope this help! :)
Why is rupee falling?
the ultimate cause is because demand for rupee has fallen and concerned countries are unable to stable this demand which in fact is due to the overall economic conditions in the countries concerned
What arepeople with certain types of dyslexia unable to do very well?
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