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What is an example of something that reduces demand for a product?
Often when prices are too high and demand for a product or service lessens, it is because consumers have found a suitable substitute.
Which concept is an application of natural law to the government's role in the economic lives of its citizens?
Free market based on supply Android demand
What is a managerial approach toward forecasting which seeks to actively influence demand?
Proactive
When the government prevents prices from adjusting naturally to supply and demand?
Government regulation occurs when the government prevents prices from adjusting naturally to supply and demand.
What are the causes of fall in consumer spending?
The price of the object may be to high, the demand for the object lessens, People forgot about the store, and the people that bought an object has to save up( could have lost their job)
What is an example of something that reduces demand for a product?
Often when prices are too high and demand for a product or service lessens, it is because consumers have found a suitable substitute.
Which concept is an application of natural law to the government's role in the economic lives of its citizens?
Free market based on supply Android demand
What is a managerial approach toward forecasting which seeks to actively influence demand?
Proactive
When will gold's price reach equalibrium?
Through a function of the economic principles of Supply and Demand - prices change depending on the desire for the item, and the supply of the item. Gold, specifically, may reach an equalibrium when the demand for gold lessens, or the supply for Gold increases.
When the government prevents prices from adjusting naturally to supply and demand?
Government regulation occurs when the government prevents prices from adjusting naturally to supply and demand.
What is the worldwide demand for natural gas?
The worldwide demand for natural gas is slightly more than 150 trillion cubic feet.
How far the demand for Bioprocess Engineers in Malaysia?
The demand for Bioprocess Engineers in Malaysia is enormous. To realize Vision 2020, the government is currently actively pursuing the establishment of biotechnological-based industries in Malaysia. Malaysian government commitment in promoting biotechnology is reflected in the creation of Bio-Valley, which will provide abundant jobs for Bioprocess Engineers. Moreover, graduates can also work in chemical industries as process engineers.
What are the causes of fall in consumer spending?
The price of the object may be to high, the demand for the object lessens, People forgot about the store, and the people that bought an object has to save up( could have lost their job)
What makes increased government spending an effective tool for increasing demand?
By increasing government spending, you increase the demand for certain products because the government is looking to buy those products. The government can act as a consumer, and when a consumer spends more, the demand for goods and services is increased.
What is the ethical demand of natural law?
nothing...
Why will the demand for natural science professionals increase?
because of the increasing demand for things that are environmentally friendly.
What factors influence the equilibrium of supply and demand in the market?
The equilibrium of supply and demand in the market is influenced by factors such as consumer preferences, production costs, government regulations, and external events like natural disasters or changes in technology. These factors can shift the supply and demand curves, leading to changes in prices and quantities exchanged in the market.
