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What is the difference between extension and contraction?
Extension is when the price goes up and no other factor changes. Contraction is when the price goes down and no other factor changes.
When the price of a good or service changes what happens?
When the price of a good or a service changes, people will generally buy that good or service in plenty. People generally love getting real value for their money.
What is demand side?
When the price changes, we call the resulting change in buying plan a Change in the quantity of demand. On the other hand, Change in demand is a change in the quantity that people plan to buy when any influence on buying plans other than the price of good changes.
How do price changes affect equilibrium?
Price changes affect the equilibrium price and quantity by Serving as a tool for distributing goods and services.
What happens supply exceeds demand?
The price usually goes up. If lots of people want something, you have to pay more to get it.
How do the changes of demand affect the price?
Higher demand, the higher the price goes. Remove the demand for something and then the price drops.
What is the degree to which the supply or demand of something responds to changes in price?
Elasticity.
What is the difference between extension and contraction?
Extension is when the price goes up and no other factor changes. Contraction is when the price goes down and no other factor changes.
When the price of a good or service changes what happens?
When the price of a good or a service changes, people will generally buy that good or service in plenty. People generally love getting real value for their money.
What are the percentage of price changes in aluminum for the past four years?
The price of aluminum, like other metals or scrap metals, changes on a daily basis.
Is the price of gas a constant or variable?
The price of gas is a variable, because the price changes from time to time. A constant would be something such as the number of fluid ounces in a gallon.
What is the world price of zinc alloy?
The price of zinc, like other metals or scrap metals, changes on a daily basis.
How much does an orange Julius cost?
Like 20.00 something the most
What is demand side?
When the price changes, we call the resulting change in buying plan a Change in the quantity of demand. On the other hand, Change in demand is a change in the quantity that people plan to buy when any influence on buying plans other than the price of good changes.
How do price changes affect equilibrium?
Price changes affect the equilibrium price and quantity by Serving as a tool for distributing goods and services.
What happens supply exceeds demand?
The price usually goes up. If lots of people want something, you have to pay more to get it.
What happens if price of petrolium products increased?
what happens if petrolium price is hike
