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Why do producers have difficulty establishing market equilibrium with holiday toys?
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If a company raise its price for the holiday over the equilibrium pricethe demand will?
If a company chooses to raise prices during the holidays, they will sell less of that product. Some consumers reservation price will be lower than the new price so they will not buy the product. This is represented by a movement along the demand curve, NOT a shift of the demand curve.
What is the meaning of the disadvantage economic holiday?
Hi if who you are i will thanks you if you can help about my problem plz help me ? question is: what are the disadvantage economic holiday?
How can supply and demand reach an equilibrium position?
The answer is from an economics point of view. You might need to draw a diagram to understand the question better. Let's say that the initial equilibrium price and quantity is stable, where the demand and supply curves intersect each other. Using the market for console games for relevance, let's say the price of Play Station 3 is initially priced at USD 3.00. (it's only an example, as I have no idea how much it costs). At this price, we can say that that is the equilibrium price of the PS3, and the equilibrium quantity is 1000 units. However the equilibrium price and quantity can change depending on changes in the supply and demand in the market, hence the question is asking how the interaction between demand and supply can determine the price and output. Let assume that the demand for PS3 increases, which can happen in real life during holiday season or before Christmas. If this happens, in a graph, the demand graph will shift out. An increase in the demand while the supply remains the same, means there is excess demand of PS3 in the market. This means there are a lot of people who want to buy the PS3 but there are too little in the market or insufficient amount supplied. If this happens, the price will increase. (this is very normal in economics, when there exists excess demand the value of the good increases). The increase in the price, will thus form the new equilibrium price and quantity. We can say that the excess demand caused the price of PS3 to increase, and only a few can purchase it. This is one example of the interaction of demand and supply to determine the equilibrium price and quantity. At times, it's not only the demand that can affect the price and quantity. There are times where the supply can affect the price of a good. If excess demand causes the price to increase, excess supply, meaning a surplus of goods in the market. will mean the price will eventually fall. What you need to understand is the use of demand and supply to determine the price and quantity is a model. This demand and supply model is used to basicly understand the relationship between price and quantity and factors that can affect it.
What holiday makes retailers the most money?
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What is the importance of fifth May in India?
2013 fifth may is a sunday.A holiday.
How is the holiday difficult for some people?
It depends on what you mean by difficult. If you mean having difficulty financially, it could be because the individual cannot afford certain gifts. If you mean having difficulty emotionally, it may be because the individual does not have someone to spend the holiday season with.
Does Exodus Travel do cycling tours?
Yes, Exodus Travel does indeed do cycling tours and holidays. Planning your cycling holiday is easy and fully customizable to your needs, including guiding style and difficulty grade.
When Christmas day was declared a federal holiday?
The first law establishing January 1, July 4, the last Thursday of November and December 25 as paid holidays for employees of the U.S. government within the District of Columbia was passed in June, 1870.
What president signed into law the establishment of veterans day?
U.S. Representative Ed Rees from Emporia, Kansas, presented a bill establishing the holiday through Congress. President Dwight Eisenhower, also from Kansas, signed the bill into law on May 26, 1954.
What holiday is important in December?
The Buddhist holiday of Bodhi; The Wiccan holiday of Solstice; The Asatru holiday of Yule; The Jewish holiday of Hanukkah; the Christian holiday of Christmas; the manmade American holiday of Kwanzaa; the manmade American holiday of Festivus.
What president sign into law establishment of veterans day?
U.S. Representative Ed Rees from Emporia, Kansas, presented a bill establishing the holiday through Congress. President Dwight Eisenhower, also from Kansas, signed the bill into law on May 26, 1954.
What is a summer holiday?
a summer holiday is a holiday in the summer
When did Easter become a holiday?
Easter wasn't "established" by anyone so much as it just developed. It rises out of the Jewish Passover tradition and the ressurection story of Christ. The only regulation of Easter as a holiday comes from the First Council of Nicea in 325 in which they decreed: independence of the Jewish calendar and worldwide uniformity. So, as far as establishing anything related to Easter, only the Catholic church can be evidenced.
Is holiday a common or proper?
The word holiday is a common noun. A specific holiday such as Christmas Holiday or a name such as Judy Holiday are proper nouns.
Did Andrew Johnson make Thanksgiving a national holiday?
The Continental Congress proclaimed a Thanksgiving holiday (December 18) in 1777, and Washington proclaimed a Thanksgiving day (Nov. 26th) in 1789. Adams did likewise in 1798 and 1799. Jefferson did not proclaim any such holiday, believing it to be an impermissible conflation of church and state. Madison proclaimed holidays in 1814 and 1815. From 1816 to 1863, there was no federal Thanksgiving, but by the end of that period, most states had established the holiday. Thanksgiving was established annually by presidential proclamation (frequently expressed as a "recommendation" by the president) from 1863 until 1941, when Congress established it as a recurring national holiday. Lincoln's proclamation in 1863 is generally regarded as establishing the national holiday, but it really only proclaimed it for that year. It did, however, establish a precedent followed by his successors, including Andrew Johnson (though in 1865, the holiday occurred in December). In the 1930's, FDR attempted to move the date back one week to enlarge the holiday shopping period, but Congress set the date, and firmly established the holiday, in 1941. Presidents continue to proclaim it, though the proclamation is now superfluous.
How did Billie Holiday get her last name?
Billie Holiday took the name Holiday from her father, guitarist Clarence Holiday.
What is the difference between bank holiday and Easter holiday?
A bank holiday isn't celebrating Easter and and Easter holiday is.
