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When supply and demand are perfectly elastic/inelastic
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∙ 13y ago
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What does A perfect elastic supply curve look like?
Demand and cost are inversely related, i.e., as the cost goes up, the demand goes down, and as cost goes down, demand goes up. So any two cost-demand curves are are inversely related constitute a perfect elastic supply curve.
How does a demand curve influenced by goods of ostentation look like?
Inelastic which is mostly vertical with a slight tilt.
How does typical demand curve look like?
Assuming it is the curve of the number of items demanded against the price, it is a downward sloping or monotonic decreasing curve in the first quadrant. This means that, at any point, the curve is going from the top left to the bottom right.
In a market economy prices are determined by supply and demand. How is the price of an item affected if the supply goes down?
Price goes up ---> just look at a supply-demand curve. 1. Supply goes down so supply curve shifts to left 2. Find where it now intersects with demand curve (demand assumed to remain constant) 3. Follow it over to Price (Y axis) and you can see that price has gone up.
What happen increase in demand and decrease in supply?
The price for the good increases
WHEN DOES A SUPPLY CURVE LOOK LIKE A DEMAND CURVE?
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What does A perfect elastic supply curve look like?
Demand and cost are inversely related, i.e., as the cost goes up, the demand goes down, and as cost goes down, demand goes up. So any two cost-demand curves are are inversely related constitute a perfect elastic supply curve.
How does a demand curve influenced by goods of ostentation look like?
Inelastic which is mostly vertical with a slight tilt.
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...
How does typical demand curve look like?
Assuming it is the curve of the number of items demanded against the price, it is a downward sloping or monotonic decreasing curve in the first quadrant. This means that, at any point, the curve is going from the top left to the bottom right.
In a market economy prices are determined by supply and demand. How is the price of an item affected if the supply goes down?
Price goes up ---> just look at a supply-demand curve. 1. Supply goes down so supply curve shifts to left 2. Find where it now intersects with demand curve (demand assumed to remain constant) 3. Follow it over to Price (Y axis) and you can see that price has gone up.
What happen increase in demand and decrease in supply?
The price for the good increases
What does a bell curve of IQ look like?
The "bell curve" of anything, with the peak of the curve supposedly at a score of 100.
What is the difference between price and supply?
if the supply is low and the demand is high, then the price of the good will be high. if there is high supply but low demand, then the price will be low. the price of a good or service is determined by the relationship between supply and demand. look for any basic macro or micro economics books and it should give you a very good explanation on the subject also pay attention to the graphs of supply and demand and you will get a better understanding of the relationship between supply and demand.
Why does a soil curve look like a triangle?
because it does
What does water curve look like?
it looks like a curved current
What does a Graph look like showing phenotype distributions for stabilizing selection?
A normal curve. A Bell curve.
