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What happens when the price of item a increases?
the supply of the item will decrease
In which situation with the price of a good be most likely to decrease?
The price of a good can decrease if supply is greater than demand. The price can also decrease if that item has been superseded by a newer version.
When demand for an item decreases and the supply increases the price of the item will likely?
The price of the item will likely decrease - as there're more stock than demand for the product.
What will happen if demand decreases and supply increases?
the price and value of the item will decrease.
When the price of an item decreases the quantity demanded increases When the price of an item increases the quantity demanded decreases?
This relationship is known as the law of demand in economics. When the price of an item decreases, consumers are more likely to purchase more of it, leading to an increase in quantity demanded. Conversely, when the price rises, the item becomes less attractive to consumers, resulting in a decrease in quantity demanded. This inverse relationship between price and quantity demanded reflects consumer behavior and preferences.
What happens when the price of item a increases?
the supply of the item will decrease
When buying an object on sale the is the decrease in the price of the item?
The discount is the decrease.
Why would you do a markdown?
to decrease the selling price of an item
When buying an object for sale the what is the decrease in the price of the item?
discount
When buying an object on sale the what is the decrease in the price of the item?
its 8
In which situation with the price of a good be most likely to decrease?
The price of a good can decrease if supply is greater than demand. The price can also decrease if that item has been superseded by a newer version.
When demand for an item decreases and the supply increases the price of the item will likely?
The price of the item will likely decrease - as there're more stock than demand for the product.
What will happen if demand decreases and supply increases?
the price and value of the item will decrease.
How would mass production effect the price of goods?
It would make the value of the item decrease.
What is the percent decrease in 120 to 150?
What is the sale price of an item that costs $75.00 and is discounted 30%?
What is an item that was selling for 72.00 is reduced to 60.00. Find the percent decrease in price. Round your answer to the nearest tenth.?
16.7%
When the price of an item decreases the quantity demanded increases When the price of an item increases the quantity demanded decreases?
This relationship is known as the law of demand in economics. When the price of an item decreases, consumers are more likely to purchase more of it, leading to an increase in quantity demanded. Conversely, when the price rises, the item becomes less attractive to consumers, resulting in a decrease in quantity demanded. This inverse relationship between price and quantity demanded reflects consumer behavior and preferences.
