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Why is it possible to have an increase of 150 percent in price but not a 150 percent decrease in price?
Wiki User
∙ 12y ago
Think of it like this, you have 2 dollars. 2 dollars is 100 percent, so 150 is 3 dollars. However there is no negative percentage, so if you have 2 dollars can you take away 3? No, so that means u can never have a deduction of more than you have with percentages.
Wiki User
∙ 12y ago
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Will price increase or decrease if resources was impacted by scarcity?
decrease
How is the law of supply similar to the law of demand?
If the demand for a commodity increases, but the supply does not increase equally, the price will increase. If the supply of a commodity increases, but the demand for that commodity does not increase equally, the price will decrease. If the demand for a commodity decreases, but the supply does not decrease equally, the price will decrease. If the supply of a commodity decreases, but the demand does not decrease equally, the price will increase.
Will the gold price increase or decrease in futre in Pakistan?
I do not think that the Gold Price will decrease in future
If A decrease in price of a product will result in?
increase in demand and decrease in supply.
What happen to most goods and services when there is an increase in price?
When there is an increase in price, there is a decrease in the quantity demanded.
What is the percent of change as an increase or a decrease if the original price is 650 and the new price is 806?
650 to 806 is an increase of 24%
What is mark a price in math?
To change the price of something by a certain amount, usually represented by a percent increase or decrease.
What is the price elasticity for a good when there is a 10 percent decrease in price which results in a 2 percent increase in quantity demanded?
2/10=0.2 <1 the good is price inelastic
Will price increase or decrease if resources was impacted by scarcity?
decrease
What was the percent of decrease in price from 70 to 63?
10% decrease.
How is the law of supply similar to the law of demand?
If the demand for a commodity increases, but the supply does not increase equally, the price will increase. If the supply of a commodity increases, but the demand for that commodity does not increase equally, the price will decrease. If the demand for a commodity decreases, but the supply does not decrease equally, the price will decrease. If the supply of a commodity decreases, but the demand does not decrease equally, the price will increase.
Will the gold price increase or decrease in futre in Pakistan?
I do not think that the Gold Price will decrease in future
A coat was reduced by 56 from the original price of 280 what is the percent of decrease?
This is a 20% decrease in price.
If A decrease in price of a product will result in?
increase in demand and decrease in supply.
What happen to most goods and services when there is an increase in price?
When there is an increase in price, there is a decrease in the quantity demanded.
How do you calculate the selling price if you know the cost price and margin percentage?
Convert the margin percentage increase (decrease) to the absolute increase (decrease). Add (subtract) to (from) the selling price.
A decrease in supply will cause an?
increase in equilibrium price and a decrease in equilibrium quantity, which leads to a shortage at the original price.
