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If the supply is less than the demand, there will be a shortage and price increase.
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What happens to the equilibrium price and quantity when demand rises less than supply rises?
When price and quantity demanded rises less than supply rises then shortage of goods create.
What two things make a product have value?
The principle of "supply and demand". If the supply of a product is higher than the demand, the product is worth less due to its availability. Conversely, if the demand exceeds the supply, then the products is worth more due to its rarity.
How are prices determined in a well functioning economy?
By simple supply and demand theory. The more demand, or the less supply, will lead to higher prices. The less demand, or more supply, will lead to lower prices.
What happens when demand is greater than demand?
When demand is greater than supply a supply shortage or scarcity arises and prices increase.
The consumer must be willing and able to buy the good or service and the?
Demand must be less than supply ;)
When the supply is less than demand there is a?
If the supply is less than the demand, there will be a shortage and price increase.
when the supply is less than demanded there is a?
If the supply is less than the demand, there will be a shortage and price increase.
How do use supply and demand in a sentence?
I don't know. Maybe if you get alittlehigh you wouldprobablyget the answer.
Why did schecter discontinue the 006 elite guitar?
not enough people were buying them. the demand was less than the supply. In order to not loose money they needed to reinvent it or drop it. Schecter chose to drop it. Its simple supply and demand equation for all businesses. More Supply + Less Demand= deflation of prices (in the end less money for company) More Demand + Less Supply= inflation of prices (in the end more money for company)
Why does diesel cost more than gas?
It's a supply and demand issue. Demand for gasoline is much greater than that for Diesel. Therefore, the supply of Diesel is less which drives up the price.
What happens to the equilibrium price and quantity when demand rises less than supply rises?
When price and quantity demanded rises less than supply rises then shortage of goods create.
What two things make a product have value?
The principle of "supply and demand". If the supply of a product is higher than the demand, the product is worth less due to its availability. Conversely, if the demand exceeds the supply, then the products is worth more due to its rarity.
How are prices determined in a well functioning economy?
By simple supply and demand theory. The more demand, or the less supply, will lead to higher prices. The less demand, or more supply, will lead to lower prices.
What happens when demand is greater than demand?
When demand is greater than supply a supply shortage or scarcity arises and prices increase.
The consumer must be willing and able to buy the good or service and the?
Demand must be less than supply ;)
What happens to the price if supply increases?
If the cost of supply falls for each unit of supply (a shift of the supply curve right), the change in price depends on the price elasticity of demand: Price is unchanged when price elasticity of demand is infinite. Price falls when price elasticity of demand is less than infinite.
What happens if theres more demand than supply?
When there is more supply than demand, there is commonly a drop in price of the product in an effort to increase the demand and achieve the equilibrium between supply and demand once again. Supply and demand are like a see-saw. As supply goes down, demand goes up; as demand goes up, supply goes down.
