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Because no one wants to buy it due high prices.
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∙ 14y ago
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What does an increase in supply of an item usually mean for a consumer?
lots of supply and low demand = lower prices lots of demand and low supply = higher prices demand and supply high = normal prices demand and supply low = normal prices
What is in a free enterprise economy supply and demand affect the of a product?
In a free enterprise system, when supply is low and demand is high, prices are higher, but when supply is high and and demand is low, prices are lower.
What are high prices often caused by?
low supply high demand.
Why do the prices of fresh vegetables fall when they are in season and draw supply and demand diagrams to illustrate?
It is supposed to be the optimal meeting of demand and supply. There is a high demand for fresh vegetables, which are flavorful and healthy. There is an equally high supply. Buyer and producer each meet their needs. Prices go up if supply is low, demand high. Prices go further down if supply is high, demand low.
In economics demand refers to what?
Demand in economics is what the people want, or are "demanding." When prices are high, demand is low because nobody wants to pay high prices for a good. When prices are low, demand is high because everyone wants to take advantage of the low prices and want more of the goods. A demand curve in economics is downward slopping because at a high price, the quantity is small because nobody wants it. As it goes further down and the price decreases, the quantity increases because everybody wants it.
What does an increase in supply of an item usually mean for a consumer?
lots of supply and low demand = lower prices lots of demand and low supply = higher prices demand and supply high = normal prices demand and supply low = normal prices
What is in a free enterprise economy supply and demand affect the of a product?
In a free enterprise system, when supply is low and demand is high, prices are higher, but when supply is high and and demand is low, prices are lower.
What are high prices often caused by?
low supply high demand.
What is the demand of law?
As the price of a good decreases, the amount that consumers are willing to purchase increases. It states the inverse relationship between price and demand; that when prices are high, there is a low amount of demand and when prices are low there is a high amount of demand. The price is the indicator in this law.
What is the law demand?
As the price of a good decreases, the amount that consumers are willing to purchase increases. It states the inverse relationship between price and demand; that when prices are high, there is a low amount of demand and when prices are low there is a high amount of demand. The price is the indicator in this law.
Why do the prices of fresh vegetables fall when they are in season and draw supply and demand diagrams to illustrate?
It is supposed to be the optimal meeting of demand and supply. There is a high demand for fresh vegetables, which are flavorful and healthy. There is an equally high supply. Buyer and producer each meet their needs. Prices go up if supply is low, demand high. Prices go further down if supply is high, demand low.
What happens when Demand is low product and quantity is high?
prices goes higher
In economics demand refers to what?
Demand in economics is what the people want, or are "demanding." When prices are high, demand is low because nobody wants to pay high prices for a good. When prices are low, demand is high because everyone wants to take advantage of the low prices and want more of the goods. A demand curve in economics is downward slopping because at a high price, the quantity is small because nobody wants it. As it goes further down and the price decreases, the quantity increases because everybody wants it.
Why have the gas prices have gone up so much lately?
America's supply from other countries is now less than 5%. Gas prices have gone up because the amount is low and the demand is high. Also, since the gas prices have gone up, so has everything else. Food, electronics, electricity bills, etc. The high price on gas affects everything. I think America has to get off oil, and find some other resource to power our things. If we don't, we might find gas prices at over $5.00 per gallon. And it's just becoming more expensive to find oil and gas, so again, that affects the price of the gas. High demand, low amount. That's what is causing the high gas prices.
What are gas prices going to hit overs the summer?
because people drive so much gas is on low supply with very high demand. start walking or riding your bike to place to be green.
What is a problem Obama is facing?
High unemployment. High gas prices. Low value houses.
Does the law or demand state that more of a product will be purchased at low prices than at high ones?
yes
