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Because markets cannot adjust instantly, and even if they could they would still adjust constantly. These levels change because the factors of production are constantly changing. Imagine a market for a particular good is in perfect equilibrium - say for cars. Now say that a worker on the factory assembly line that builds that car decides to retire. The factory now must train a new worker, which will cost money, deal with the fact that they aren't as fast or efficient at their job as the previous, more experienced worker, which will cost money, etc etc etc. This simply act by one worker on an assembly line would throw the whole equilibrium out of whack, forcing an adjustment. Now think of all the other things that go on that would affect the assembly of cars.

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What describes market prices that change often and to a great degree with dramatic spikes and plunges?

Volatile is the word that best describes market prices that change often and to a great degree with dramatic spikes and plunges.


What is vertical integration?

It is a system of controlling all the businesses involved in the phases of production. It is often aimed at controlling the prices for a product by eliminating the competition.


Which economic indicator because the process of generally declining prices?

The economic indicator that reflects the process of generally declining prices is known as deflation. Deflation occurs when the overall price level of goods and services decreases, often leading to reduced consumer spending and lower production levels. It can be a sign of a weakening economy and may result in increased unemployment and lower business revenues. Central banks often respond to deflation by implementing monetary policies aimed at stimulating economic growth.


What are the key factors that drive the demand and pricing of luxury goods in the field of economics?

The key factors that drive the demand and pricing of luxury goods in economics are consumer preferences, income levels, brand reputation, exclusivity, and marketing strategies. Luxury goods are often seen as status symbols, leading to higher demand and allowing companies to charge premium prices. Additionally, limited supply and high production costs contribute to the high prices of luxury goods.


Why agricultural prices tend to fluctuate more than non agricultural products?

Agricultural prices are subject to more frequent fluctuations compared to non-agricultural products due to several factors. Firstly, agricultural production heavily relies on weather conditions, which can be unpredictable and vary significantly from season to season. Secondly, the supply chain for agricultural products is often longer and more complex, which can cause disruptions and affect prices.

Related Questions

What describes market prices that change often and to a great degree with dramatic spikes and plunges?

Volatile is the word that best describes market prices that change often and to a great degree with dramatic spikes and plunges.


What best describes market prices that change often and to a great degree with dramatic spikes and plunges?

Volatile is the word that best describes market prices that change often and to a great degree with dramatic spikes and plunges.


What is the purpose of fund prices?

The purpose of fund prices is to inform the buyer and seller the actual price. The prices usually change often within the same day, like on the stock market.


How much would it cost to send a 4 lbs package to Bulgaria?

That will depend on where in the world you are sending the package from, which you have not said. Prices often change. You need to check at your local post office for up to date rates, or with a courier company.That will depend on where in the world you are sending the package from, which you have not said. Prices often change. You need to check at your local post office for up to date rates, or with a courier company.That will depend on where in the world you are sending the package from, which you have not said. Prices often change. You need to check at your local post office for up to date rates, or with a courier company.That will depend on where in the world you are sending the package from, which you have not said. Prices often change. You need to check at your local post office for up to date rates, or with a courier company.That will depend on where in the world you are sending the package from, which you have not said. Prices often change. You need to check at your local post office for up to date rates, or with a courier company.That will depend on where in the world you are sending the package from, which you have not said. Prices often change. You need to check at your local post office for up to date rates, or with a courier company.That will depend on where in the world you are sending the package from, which you have not said. Prices often change. You need to check at your local post office for up to date rates, or with a courier company.That will depend on where in the world you are sending the package from, which you have not said. Prices often change. You need to check at your local post office for up to date rates, or with a courier company.That will depend on where in the world you are sending the package from, which you have not said. Prices often change. You need to check at your local post office for up to date rates, or with a courier company.That will depend on where in the world you are sending the package from, which you have not said. Prices often change. You need to check at your local post office for up to date rates, or with a courier company.That will depend on where in the world you are sending the package from, which you have not said. Prices often change. You need to check at your local post office for up to date rates, or with a courier company.


What is vertical integration?

It is a system of controlling all the businesses involved in the phases of production. It is often aimed at controlling the prices for a product by eliminating the competition.


How much to re-plate nickel on a colt python?

You will need to contact Colt. Prices change often.


How often do the petrol price change?

Petrol prices can change frequently, often on a daily basis, depending on various factors such as crude oil prices, supply and demand dynamics, and local market conditions. In some countries, prices are adjusted every day, while in others, they may change weekly or monthly. Additionally, geopolitical events and seasonal fluctuations can also impact the frequency and magnitude of price changes.


How often do petrol price change?

Petrol prices can change frequently, often daily or weekly, depending on various factors such as crude oil prices, supply and demand dynamics, and geopolitical events. In some countries, prices are adjusted based on local market conditions and government policies. Additionally, retailers may alter prices based on competition and operational costs. Therefore, the frequency of changes can vary by region and market structure.


Which economic indicator because the process of generally declining prices?

The economic indicator that reflects the process of generally declining prices is known as deflation. Deflation occurs when the overall price level of goods and services decreases, often leading to reduced consumer spending and lower production levels. It can be a sign of a weakening economy and may result in increased unemployment and lower business revenues. Central banks often respond to deflation by implementing monetary policies aimed at stimulating economic growth.


Which is the cheapest Columbia lodging in the world?

Prices fluctuate daily so there is no definite answer to this question. Supply and demand change the prices so rapidly and often that it's hard to tell what truly is the cheapest.


Is insulin production be high for a person with obesity?

Yes, individuals with obesity often have higher levels of insulin production due to insulin resistance. In this condition, the body's cells do not respond effectively to insulin, prompting the pancreas to produce more of it to help regulate blood sugar levels. Over time, this can lead to elevated insulin levels in the bloodstream, contributing to further metabolic complications.


How often should you change the exo terra solar glo lamp?

Every six months - to maintain emission levels.