0
What else can I help you with?
When prices go down or income goes up there is an increase in what?
The Standard of Living - APEX :)
An increase in demand causes prices to?
go up
How did overproduction cause farm prices to go down?
Overproduction caused farm prices to go down because when there is more than enough product, the demand goes down. Prices only go up when demand goes up.
What is deflation in economics?
Deflation is when prices on average go down without productivity increases or technology changes making this happen. So the prices of computers going down is not deflation because technology changes have made this happen. This happens because there are fewer dollars in circulation This is the opposite of inflation where the prices increase.
Why do stocks go up or down in price?
Stock prices go up or down based on the Demand - Supply theory. Whenever the demand for a stock is more than its supply its prices go up Whenever the supply of a stuck is more than its demand its prices go down
When prices go down people do what?
they increase consumption
When prices go down or income goes up there is an increase in what?
The Standard of Living - APEX :)
When prices go down or income goes up there's an increase in what?
The Standard of Living - APEX :)
Will air fares to Ireland go down?
It all depends on oil prices. If oil prices go down, then yes.
An increase in demand causes prices to?
go up
How did overproduction cause farm prices to go down?
Overproduction caused farm prices to go down because when there is more than enough product, the demand goes down. Prices only go up when demand goes up.
What is deflation in economics?
Deflation is when prices on average go down without productivity increases or technology changes making this happen. So the prices of computers going down is not deflation because technology changes have made this happen. This happens because there are fewer dollars in circulation This is the opposite of inflation where the prices increase.
What causes RPM to go up and down while driving and you are not accelerating?
Most likely going down hill, the faster the wheels go, the higher the RPM will increase, for this to increase the vehicle either must be going downhill with no brakes applied or the throttle(acceleration) has been depressed.
Why do stocks go up or down in price?
Stock prices go up or down based on the Demand - Supply theory. Whenever the demand for a stock is more than its supply its prices go up Whenever the supply of a stuck is more than its demand its prices go down
Why does quantity supplied tend to increase when prices go up and decrease when prices go down?
Quantity supplied tends to increase when prices rise because higher prices incentivize producers to supply more of a good or service, as they can achieve greater revenue and potentially higher profits. Conversely, when prices fall, the profit margin decreases, leading producers to reduce the quantity they supply, as it may no longer be economically viable to produce at those lower prices. This relationship is a fundamental principle of the law of supply in economics.
What happens to prices if the supply is high?
The price will skyrocket, increase, go up.
Which increases when either prices go down or incomes go up?
The demand for goods and services typically increases when prices go down or incomes go up. Lower prices make products more accessible to consumers, leading to higher demand. Similarly, when incomes rise, people have more purchasing power, allowing them to buy more goods and services. Both scenarios create a favorable environment for increased consumption.
