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When more units of commodity are purchased in response to decline in price is called?
When more units of a commodity are purchased in response to a decline in price, it is referred to as the "law of demand." This economic principle states that, all else being equal, as the price of a good decreases, the quantity demanded by consumers increases. This relationship typically results in a downward-sloping demand curve.
What else can I help you with?
Can I buy and sell crude oil like stocks?
Yes. That is called Commodity trading. Oil is a commodity and is traded in the commodities market.
A decline in business activity that is not as severe as a depression is called?
A recession is a decline in business activity that is not as severe as a depression. The economy will be determined to be in a recession if there has been a decline in the GDP for two consecutive quarters.
A decline in business activity that is not as severe as a depression is called a?
recession
What is it called when GDP figures decline but prices rise?
stagflation
What is commodity investment?
Commodity investment is investing in a special type of market called the commodities market. This market is where raw materials like food, metals, and electricity are traded. This is a risky market to invest in, so buyer beware.
What is the most expensive commodity in cote divoire?
the most expensive commodity in cote divoire is called framage. it cost ?$1,000,000,000,000,000,000.
Can I buy and sell crude oil like stocks?
Yes. That is called Commodity trading. Oil is a commodity and is traded in the commodities market.
What composite supply?
if a commodity is attained from different resources , then total quantity of that commodity attained from all the renounces is called composite supply .
What is a product called that is brought and sold and has value in a worldwide market?
commodity
Installment buying definition?
Purchasing a commodity over a period of time. The buyer gains the use of the commodity immediately and then pays for it in periodic payments called installments.
What are commodity trading companies?
Commodity trading companies are registered firms that deal in the buying and selling of contracts on raw commodities and precious metals. Reputable commodity trading companies can be found by consulting the regulatory body called CFTC.
Era of decline upon the collapse of the roman empire is called?
Era of decline upon the collapse of the roman empire is called Fall of Rome
The process by which workers became a commodity in the labor marketplace is called?
mill migration
The control of a commodity or service by a small number of large powerful companies is called?
monopoly
What are objects called that have value in and of themselves as well as value as a means of exchange?
commodity money
What is the response of plants or animals - to changes in the length of day or night - called?
This response is called, photoperiodism.
What is a receiver's response to a sender's message called?
decoding
