answersLogoWhite

0

The supply curve shifts to the left.

User Avatar

Wiki User

14y ago

What else can I help you with?

Continue Learning about Economics

An increase in the price level other things remaining the same may be expected to result in the consumption function?

A downward shift of


How can inflation affect the construction industry?

Construction industry is similar to the manufacturing industry perhaps engg. made a product on the site rather than in a factory. while building something you required material & labor. when the inflation occur the price of the items & services increase, day to day essential things like food, fuel, consumer goods are become costly, thus this also effect individual & company. therefore the material price or manufactured things are become costly as the raw material prices goes up and similarly services are also become costlier. Thus the material of cement, steel etc increase so would be the total cost of construction will increases.


How is the law of demand illustrated by a demand schedule and a demand curve?

increase in its price and decreases with decrease in its price, other things remaining constant


What makes a country a mixed economic country?

In a mixed economy the Government stays involved in some industrys and infrastructure and mayalso be also involved in heping businesses succeed. Mixed economies have free hospitalisation. enemployment benefits, and age pensions. ther are probably many more things involved but these are obvious traits.


Explain why the cost of everthing goes up immediately when disasters hit an area?

The cost of things increase during a crisis because there is a potential for scarcity. When things can be depleted, they become highly demanded, which warrants and increase in price.

Related Questions

An increase in the price level other things remaining the same may be expected to result in the consumption function?

A downward shift of


What is a characteristic of all living things and involves an increase in the amount of living material in an organism.?

Growth occurs in all living things. Taking in material from the outside environment, a plant or animal creates material that becomes part of its own organism.


What is a characteristic of all living things and involves an increase in the amount of living material in an organism?

Growth is a characteristic of all living things that involves an increase in the amount of living material in an organism. This can occur through cell division, enlargement of cells, or accumulation of new cells.


What do things do when they get warm?

Things generally expand and become less dense when they get warm due to the increase in molecular motion. This expansion can lead to changes in volume, shape, or state of matter, depending on the material.


What about material things in Pentecostal life?

Material things are OK as long as you do not worship them and put them before your service to God.


What material things bring us to church?

Usually, it is not material things that cause one to want to attend church, but spiritual. Material things that actually help us to travel to church are vehicles, such as an automobile.


What do you mean by properties of a matierial?

The properties of a material are its characteristics, the things you would tell about if you were describing the material to someone else, the things that make it different from other materials, and the things about it that tell you what material it is when you see, feel, or smell it.


What does material things mean?

Material things refer to tangible objects or possessions that can be physically touched or experienced, such as clothes, electronics, furniture, or money. They are often contrasted with non-material things like emotions, beliefs, or experiences.


Eukarotic cells have genetic material?

All living things have of a genetic material.


What do you do when your boyfriend asks your parents for material things?

Dump him! If he only cares about material things, he doesn't sound like a very good catch.


What is the best running shoe?

an athlete is worthless if depends on material things. Should be what makes a best runner


How can inflation affect the construction industry?

Construction industry is similar to the manufacturing industry perhaps engg. made a product on the site rather than in a factory. while building something you required material & labor. when the inflation occur the price of the items & services increase, day to day essential things like food, fuel, consumer goods are become costly, thus this also effect individual & company. therefore the material price or manufactured things are become costly as the raw material prices goes up and similarly services are also become costlier. Thus the material of cement, steel etc increase so would be the total cost of construction will increases.