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When supplies of goods and service become plentiful price tend to rise T or F?
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∙ 11y ago
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Wiki User
∙ 11y ago
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When supplies of goods and services become plentiful prices tend to rise?
True. And follow me on twitter. @xPerkz
What does the word commoditization mean?
Commoditization is the transformation of goods and services. It is when a process, good, or service is made easily obtainable by making it uniform, plentiful, and affordable.
Is an example of public goods?
Goods which may be sees as public goods are- defence, prison service, police service street lighting
In order to provide supplies for war consumer goods were .?
rationed
What happens when goods become scarce?
the prices increases, and the goods become expensive.
When supplies of goods and services become plentiful prices tend to rise?
True. And follow me on twitter. @xPerkz
How does the law of supply and demand operated?
That law states that when supplies of goods and services become plentiful, prices tend to drop. When supplies become scarcer, prices tend to rise.
How does the law of supply of demand operate?
That law states that when supplies of goods and services become plentiful, prices tend to drop. When supplies become scarcer, prices tend to rise.
How can a country like Saudi Arabia have plentiful supplies of food and manufactured goods even though it has little suitable farmland and little manufacturing capacity?
Its plentiful supply of oil gives it currency to acquire goods from other nations.
How can a country like Saudi Arabia have plentiful supplies of food and manufactured goods even though it has a little suitable farmland and little manufacturing capacity?
Its plentiful supply of oil gives it currency to acquire goods from other nations.
What does the word commoditization mean?
Commoditization is the transformation of goods and services. It is when a process, good, or service is made easily obtainable by making it uniform, plentiful, and affordable.
Why was control of Mississippi river important to the north?
It was good for transporting goods and supplies.
How Germany produced goods and service and why?
Germany goods and service are produced
What kind of goods are office products and supplies?
Office products and supplies are goods that are commonly used in office settings. This may include, but is not limited to, prototypical office supplies such as paperclips, blank paper, and pens.
What supplies were carried from Kansas to Santa Fe?
* Indian trade goods. * Military supplies. * Whiskey.
Is poultry is service or goods?
Poultry are goods.
Which word is synonymy to goods?
Merchandise, supplies, commodities
