Yes, providing it is technologically possible and the price is acceptable. Like cocaine and heroin. However, there are no yet cures for all diseases, are they?
If fuel price go up, vehicles become more fuel efficient. Like in oil shock of '70s. Houses become better insulated and people rely more on clothing then on air-condition. And yes, more money get invested in search for new oil fields and development of extraction technology.
No. If demand rises, then supply falls. Transveresly, if demand falls, then supply rises.
If there is not enough supply for the demand, the demand won´t be able to buy the supply
Her supply of tight sweaters increases the demand for her as a date on the weekend.
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.
The demand / supply graph is designed to have supply on the vertical axis (Y) and demand on the horizontal (X). Thus you will have a higher supply = lower demand, or lower supply = high demand.
I don't know. Maybe if you get alittlehigh you wouldprobablyget the answer.
No. If demand rises, then supply falls. Transveresly, if demand falls, then supply rises.
If there is not enough supply for the demand, the demand won´t be able to buy the supply
One real-world scenario where supply and demand determine the price of a product is the housing market. When there is high demand for houses but a limited supply of available homes, the prices of houses tend to increase. Conversely, when there is an oversupply of houses and low demand, prices may decrease. This dynamic interaction between supply and demand influences the pricing of houses in the market.
Consumers is the law of supply and demand.
Her supply of tight sweaters increases the demand for her as a date on the weekend.
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.
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.
The law of supply and demand states that when the demand for an item or service is greater than the supply of that item or service, the price goes up, but when the supply of an item or service is greater than the demand for that item or service, the price for that item or service goes down. That is why scalpers can sell tickets to the World Series for more than the original price, since there are more people who want to attend (demand)than there are tickets (supply).
The law of supply and demand states that when the demand for an item or service is greater than the supply of that item or service, the price goes up, but when the supply of an item or service is greater than the demand for that item or service, the price for that item or service goes down. That is why scalpers can sell tickets to the World Series for more than the original price, since there are more people who want to attend (demand)than there are tickets (supply).
One real-world scenario where supply and demand determine the price of a product is the housing market. When there is high demand for houses but limited supply, the prices of homes tend to increase. Conversely, when there is an oversupply of houses and low demand, prices may decrease. This dynamic interaction between supply and demand influences the pricing of homes in the real estate market.
The demand / supply graph is designed to have supply on the vertical axis (Y) and demand on the horizontal (X). Thus you will have a higher supply = lower demand, or lower supply = high demand.