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.
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?
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.
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2013 fifth may is a sunday.A holiday.
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.
Christmas was declared a U.S. national holiday on June 26, 1870. The legislation was signed into law by President Ulysses S. Grant, establishing December 25th as a federal holiday. Prior to this, Christmas had been celebrated in various ways across the country but was not recognized officially. The declaration helped to standardize the observance of Christmas in the United States.
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.
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.
a summer holiday is a holiday in the summer
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.
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.
The word holiday is a common noun. A specific holiday such as Christmas Holiday or a name such as Judy Holiday are proper nouns.
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.
Billie Holiday took the name Holiday from her father, guitarist Clarence Holiday.
A bank holiday isn't celebrating Easter and and Easter holiday is.
Yes, there is a picture of Clarence Holiday with pictures of Billy Holiday. Just type Clarence Holiday!