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It is due to the high demand of things and the low production rate. Increasing the price will only enable the rich, or better off families to attain them.
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When disaster hits why does the cost of food and gas go up?
People attempt to hoard goods, reducing supply and increasing demand. The price therefore increases.
When disaster hit an area cost of everything goes up explainwhy is this phenomenon a good thing using the law of suppl and demand?
It is not a good thing except for those that still have products needed for diaster relief.
When disaster hits why does the cost of food and gas go up supply and demand?
There is no way supply and demand affect disasters, they are natural things in nature while supply and demand are economic processes. Disasters can easily decrease the supply of something, which increases the price on that good.
What is oppotunity cost?
anything you give up in order to obtain something else. It can be your time when choosing between going to that ball game or studying for your exam. If you go to the ball game the cost was giving up time to study.
Does an opportunity cost have value?
opportunity cost can have a value, especially if you are looking at such things as the college/job thing. If you go to college rather than take a job, your opportunity cost is the amount of money you lose from not working at the job. Opportunity cost does not always have to have a value. Again with the college/job example, if you take a job rather than go to college, your opportunity cost can be things like more education and college memories, etc. Opportunity cost is simply "what you give up". Therefore, if you are giving up money, your opportunity cost has a monetary value. If you are giving up education or experience or the like, your opportunity cost technically has no monetary value, but you are still giving something up. Hope that answers the question.
What could be good about the cost of everything going up immediately after a disaster?
There is no good in the cost of necessary items going up after a disaster. It happens because processing plants and farmers usually loose a large part of their production and are trying to recover some of their lost crops and income.
In a disasters the cost of everything seems to go up?
Yes it does. Supply and demand
Why does the price of goods go up when there is a natural disaster?
if there is a natural disaster like an earthquake, the prices go up because more people need them all at once
When disaster hits why does the cost of food and gas go up?
People attempt to hoard goods, reducing supply and increasing demand. The price therefore increases.
When disaster hit an area cost of everything goes up explainwhy is this phenomenon a good thing using the law of suppl and demand?
It is not a good thing except for those that still have products needed for diaster relief.
When disaster hits an area the cost of everything seems to go up immediately why is this a good thing using the laws of supply and demand?
because it reflects our economy by our standers of price using the supply and demand curve we can judge how much supply we need and at what price to charge as a result of how much demand there is
How much did it cost to clean up the twin towers disaster?
it tooked over 1billion dollars to clean it up
Why do prises go up after a natural disaster or war?
Supply and demand.
How much do chandler movers cost?
"Chandler Movers will typically cost between $50 to $100 for your moves. Depending on how many hours it takes them to move everything, the price will go up."
If the flotation cost goes up the cost of retained earnings will?
go up
When disasters hit an area the cost of everything seems to go up immediately food water housing gas and so forth Explain why this phenomenon may be a good thing using the laws of supply and demand?
When disasters hit an area the cost of everything seems to go up immediately food ,water, housing, gas. Explain why this phenomenon may be a good thing in the used of supply and demand ?
Cheat for 5 Min Shoot em Up miniclip?
go down to the bottom and shoot everything you can. Then go up a little to the middle then go to the top and shoot everything there.
