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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 is the full form economics?
This is when the economy is working at its full potential. Unemployment is low and the supply and demand are almost equal.
How do you use economics in a sentence?
The economic interdependence of the country is very low.
Explain law of demand?
Law of demand is an important law of economics. It establishes a relationship between price and demand.other things renaming the same when the price of commodity falls its demand will go up likewise,when the price of the commodity rises its demand will fall price and demand moves in opposite direction.there is inverse relationship between demand and price.in other words low price high demand high price low demand.
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.
What is the economies in us?
the economics in us is low value in the increase in demand
The economy in the US?
the economics in us is low value in the increase in demand
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 is the full form economics?
This is when the economy is working at its full potential. Unemployment is low and the supply and demand are almost equal.
What is the term used to describe the rise of low-cost newspapers in the 1830s?
A term used to describe the rise of low-cost newspapers in the 1830s is "penny papers".
What are the Law of Supply and Law of Demand?
In economics, when a commodity is in high demand or in scarce supply, its price will rise; when a commodity is in low demand or plentifully supplied, its price will be lower.The laws of supply and demand dictate that if a product is in short supply, but the demand is high, the price of the product will also rise. If a product is in overabundance, but the demand is low, the price of the product will decrease.
How do you use economics in a sentence?
The economic interdependence of the country is very low.
What is the rule of price in economics?
Price is tied to supply in demand. If there is a short supply and big demand, price goes up. If there is a short supply and low demand, price will remain steady. If supply is high and demand small, price will go down.
Explain law of demand?
Law of demand is an important law of economics. It establishes a relationship between price and demand.other things renaming the same when the price of commodity falls its demand will go up likewise,when the price of the commodity rises its demand will fall price and demand moves in opposite direction.there is inverse relationship between demand and price.in other words low price high demand high price low demand.
What term is used to describe an incomplete detonation?
low order detonation
What term refers to how high or low a note that a listener hears?
Which word do we use to describe whether a note is high or low?
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.
