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Which example best demonstrates the effect of artificial price controls on supply and demand?
Wiki User
∙ 7y ago
Rent controls result in shortages and minimum wage laws result in surpluses
Wiki User
∙ 7y ago
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What is a demand curve and how it is different from demand function?
The demand curve demonstrates what happens when a product is demanded by customers. A demand function refers to an event that can affect the demand curve.
What is example of full demand?
current demand of mobile phone set can be an example of Full demand.
What are the examples for exceptional demand curve?
Example of a Linear Demand Curve
What is autonomous demand?
When a particular commodity is demanded for its own sake it is known as autonomous demand. Demand for house is an example for autonomous demand.
Why would a shortage of OPEC oil at current market prices increase oil prices?
Because world wide demand would still continue and demand or even the percieved demand is what controls the market.
Can you make a sentence using new artificial in-demand?
The new artificial in-demand jobs are all over the internet.
What is a demand curve and how it is different from demand function?
The demand curve demonstrates what happens when a product is demanded by customers. A demand function refers to an event that can affect the demand curve.
What is example of full demand?
current demand of mobile phone set can be an example of Full demand.
Example of law of demand?
marketing is a great example of law of demand
What factor controls free enterprise?
supply amd demand mg1
What is the example of unwholesome demand?
Unwholesome demand is the desire for something that is not suitable or healthy. An example of unwholesome demand would be alcohol for the person who is an alcoholic.
What is a sentence with the phrase For example?
"Compact cars are known for their fuel economy while other vehicles, station wagons for example, are known gas hogs." "The use of economic controls, for example tariffs and duties, may provide domestic industries with a steady demand, but does nothing to encourage their efficiency."
What are the examples for exceptional demand curve?
Example of a Linear Demand Curve
What is an example for demand?
Derived demand comes from demand for another product. For example, if coal is in high demand, then there will be derived demand for mining. Another example: A farmer grows crops. In order to grow crops he needs fertilizer. Therefore, the amount of fertilizer he needs to buy, will derive from the amount of crops he needs to grow. Basically, derived demand comes as a result of demand for something else.
What is autonomous demand?
When a particular commodity is demanded for its own sake it is known as autonomous demand. Demand for house is an example for autonomous demand.
Why would a shortage of OPEC oil at current market prices increase oil prices?
Because world wide demand would still continue and demand or even the percieved demand is what controls the market.
What is an example for derived demand?
Derived demand comes from demand for another product. For example, if coal is in high demand, then there will be derived demand for mining. Another example: A farmer grows crops. In order to grow crops he needs fertilizer. Therefore, the amount of fertilizer he needs to buy, will derive from the amount of crops he needs to grow. Basically, derived demand comes as a result of demand for something else.
