0
Want this question answered?
Be notified when an answer is posted
Add your answer:
Earn +20 pts
What is the conclusion of inflation?
As prices rise, inflation also increases; supply increases and demands of people decrease because of high prices.
What happens to prices if the supply is high?
The price will skyrocket, increase, go up.
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 conclusion of inflation?
As prices rise, inflation also increases; supply increases and demands of people decrease because of high prices.
What intensified the debts that Plains farmers had during the late 1800s?
a tight money supply high prices for new equipment falling prices for their crops
What intensified the debts that the plaines farmers had during the 1800?
a tight money supply high prices for new equipment falling prices for their crops
What happens to prices if the supply is high?
The price will skyrocket, increase, go up.
Is deflation of the money supply a good thing?
Deflation is a situation where the amount of the money supply is in a state of shrinking. It's a good thing if inflation is running high and out of control. In a normal economy, deflation means less money in circulation which causes the economy to suffer. Money is scarce and prices may be too high in relation to the money supply. This causes economic problems.
How come car prices are not dropping to all time lows?
People are loosing their jobs (Unemployment). Everyone is worried about the future and are holding on to money. Many companies are canceling Credit Cards because of bad credit. All of this reduces spending. Economics has a law of Supply and Demand. When the Demand is High, the prices are high. When the Supply is high, the prices are low.
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.
Is maintaining high prices and cutting down on supply a standard for any type of product?
Is maintaining high prices and cutting down on supply a standard for any type of product.
In the 1930s did the economy experience high inflation?
No. In the early 1930s prices fell, and so did the money supply. The period of intense inflation in Germany was 1919-23.
