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When disaster hit an area cost of everything goes up explainwhy is this phenomenon a good thing using the law of suppl and demand?
Wiki User
∙ 16y ago
It is not a good thing except for those that still have products needed for diaster relief.
Wiki User
∙ 16y ago
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Why does the cost of everything go up after a disaster?
It is due to the high demand of things and the low production rate. Increasing the price will only enable the rich, or better off families to attain them.
When disaster hits why does the cost of food and gas go up supply and demand?
There is no way supply and demand affect disasters, they are natural things in nature while supply and demand are economic processes. Disasters can easily decrease the supply of something, which increases the price on that good.
When disaster hits why does the cost of food and gas go up?
People attempt to hoard goods, reducing supply and increasing demand. The price therefore increases.
What is Bandwagon Effect and Snob Effect. How do they effect the Demand for goods?
A psychological phenomenon whereby people do something primarily because other people are doing it, regardless of their own beliefs, which they may ignore or override. The bandwagon effect has wide implications, but is commonly seen in politics and consumer behavior is BANDWAGON effect where as Situation where the demand for a product by a high income segment varies inversely with its demand by the lower income segment.is SNOB EFFECT
Different states of demand?
Negative demand No demand Latent demand Declining demand Irregular demand Full demand Overfull demand Unwholesome demand
Explainwhy the gold rush created a new crisis over slavery?
It made the slaves more in demand.
When disasters hit an area the cost of everything seems to go up immediately food water housing gas and so forth Explain why this phenomenon may be a good thing using the laws of supply and demand?
When disasters hit an area the cost of everything seems to go up immediately food ,water, housing, gas. Explain why this phenomenon may be a good thing in the used of supply and demand ?
When disaster hits an area the cost of everything seems to go up immediately why is this a good thing using the laws of supply and demand?
because it reflects our economy by our standers of price using the supply and demand curve we can judge how much supply we need and at what price to charge as a result of how much demand there is
Why does the cost of everything go up after a disaster?
It is due to the high demand of things and the low production rate. Increasing the price will only enable the rich, or better off families to attain them.
Why do prises go up after a natural disaster or war?
Supply and demand.
What has the author Madhur Gautam written?
Madhur Gautam has written: 'Rural demand for drought insurance' -- subject(s): Disaster Insurance, Droughts, Insurance, Disaster
Which factor influences buyer's behavior?
Everything. Personal Preferences., Displays, Supply and Demand, Everything
Which factor influence buyer's behavior?
Everything. Personal Preferences., Displays, Supply and Demand, Everything
Use public relations in a sentence?
The company's demand for compensation from one of the world's poorest nations was described as 'a public relations disaster'.
When disaster hits why does the cost of food and gas go up supply and demand?
There is no way supply and demand affect disasters, they are natural things in nature while supply and demand are economic processes. Disasters can easily decrease the supply of something, which increases the price on that good.
Why is the free market system more likely to respond faster to a disaster?
A free market system is likely to respond faster to a disaster because free markets help crucial disaster recovery resources to exchange hands without too much bureaucracy. There will always be an increase in demand for the items that were depleted during a disaster and suppliers will want to make a gain from that.
In a disasters the cost of everything seems to go up?
Yes it does. Supply and demand
