0
When the price of a good is low, consumer demand typically increases as more people can afford to purchase it. This can lead to higher sales volumes for the product. Conversely, producers may be less willing to supply the good at low prices, as it might not cover their production costs. This interplay between supply and demand can influence market equilibrium.
What else can I help you with?
What happens to the price of a good when supply is high but demand is low?
the price of the product gose downaka less $$$$$
Is it good to have a high inflation rate or low?
Low inflation is considered good because it represents price stability, which encourages productive planning and investment.
When the price of a good or service is to low the result will be?
When the price of a good or service is too low, it can lead to increased demand as consumers find it more affordable. However, this can result in a shortage, as producers may not be willing to supply enough at that low price, leading to an imbalance in the market. Ultimately, the low price may drive producers to cut back on production or exit the market altogether, potentially leading to higher prices in the future.
How does the price range affect the elasticity of demand for a product?
Demand for a good can be elastic at a low price but inelastic at a high price. YouRE VERY WULCOM novanet ANSWER =)
What is the difference between price and supply?
if the supply is low and the demand is high, then the price of the good will be high. if there is high supply but low demand, then the price will be low. the price of a good or service is determined by the relationship between supply and demand. look for any basic macro or micro economics books and it should give you a very good explanation on the subject also pay attention to the graphs of supply and demand and you will get a better understanding of the relationship between supply and demand.
Is it good to have a high closing price or a low closing price?
If you own the stock, it is good to have a high closing price. If you are short the stock or trying to buy the stock, then a low closing price.
What prevents the price of a good from dropping too low?
price floor
Where can I get a good TV for a low price?
To get a good television at a low price is when new and more advanced television are out in the market. you could try to wait for seasonal changes of the products where you can get really good deals for 'older' television which are still new and good.
What happens to the price of a good when supply is high but demand is low?
the price of the product gose downaka less $$$$$
What is a price floor?
A price floor is a government- or group-imposed price control or limit on how low a price can be charged for a product, good, commodity, or service.
Where can I buy a good telescope at a low price?
you can buy the good telescope online. you can check on this www.Telescopes.com
Price for a good condition 1985 gran prix?
The price for a good condition 1985 Pontiac Grand Prix is around $750. Due to its age and availability, it is a low demand car which has a relatively low value.
Which store repairs my Toshiba TV at a low price?
If you are still in warranty period you can get it repaired in low price or call their customer support for a good technician and tell them your problem.
Is it good to have a high inflation rate or low?
Low inflation is considered good because it represents price stability, which encourages productive planning and investment.
Where can shutters be bought for a low price?
The best place to purchase shutters with low prices I recommend you purchase some online ,but for guaranteed low price and good quality I recommend you purchase them from the store Blinds.
budget-friendly meals?
meals that come with the low price and with a good food. This is what we do.
What is a good yoyo?
for a low price,easy use,good quality, and most fun. the velocity by yoyofactory
