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Why might a well informed buyer purchase a product such as bread at a higher price than the equilibrium price?
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Which influence on spending deals with the motivation to purchase a product?
the price of the product and the willingness of the consumer to purchase the product impact the demand of the product by the consumer. lower the price, higher will be the demand and higher is the motivation level to buy the good.
Why do suppliers use price rather than production to resolve problem excess deman?
If supply increases and demand remains unchanged then lower equilibrium price and higher quantity. Suppliers cannot be assured of product sale, and product equilibrium price may be lower than cost of product, due solely to market saturation
What is supplyand demand?
Supply is the amount of a product that companies are manufacturing. Demand is the amount of a product that customers wish to purchase. When people talk about supply and demand they normally refer to supply and demand curves, and where they intersect is the market equilibrium price and quantity of the product offered. As price increases, companies will want to supply more of a product to make more money, but customers will demand less because they are less willing to pay higher prices for a product. (By product, I mean good and services)
What will cause a change in equilibrium price?
The equilibrium once disturbed by a price change, reacts based on which direction the price was changed. Higher prices reduce demand and increase supply, while lower prices increase demand and lower supply.
What encourages a company to produce its product at a greater quantity?
A company will be willing to produce a greater amount of their product if they can sell if for a higher price. This would represent a movement along the demand curve, not a shift. The prices will continue to change until it reaches an equilibrium quantity and price for that product in that market.
Which influence on spending deals with the motivation to purchase a product?
the price of the product and the willingness of the consumer to purchase the product impact the demand of the product by the consumer. lower the price, higher will be the demand and higher is the motivation level to buy the good.
Why do suppliers use price rather than production to resolve problem excess deman?
If supply increases and demand remains unchanged then lower equilibrium price and higher quantity. Suppliers cannot be assured of product sale, and product equilibrium price may be lower than cost of product, due solely to market saturation
How does Ka affect equilibrium position?
Equilibrium shifts towards the higher Ka
What is supplyand demand?
Supply is the amount of a product that companies are manufacturing. Demand is the amount of a product that customers wish to purchase. When people talk about supply and demand they normally refer to supply and demand curves, and where they intersect is the market equilibrium price and quantity of the product offered. As price increases, companies will want to supply more of a product to make more money, but customers will demand less because they are less willing to pay higher prices for a product. (By product, I mean good and services)
What will cause a change in equilibrium price?
The equilibrium once disturbed by a price change, reacts based on which direction the price was changed. Higher prices reduce demand and increase supply, while lower prices increase demand and lower supply.
What encourages a company to produce its product at a greater quantity?
A company will be willing to produce a greater amount of their product if they can sell if for a higher price. This would represent a movement along the demand curve, not a shift. The prices will continue to change until it reaches an equilibrium quantity and price for that product in that market.
Can you explain why there is no pressure for the equilibrium price to change?
The equilibrium price exists when at that price supply and demand for a product are equal. Apparently at that price level everybody is happy and as long as nothing changes there will be no pressure. If it would arise because of an increase in eithersupply or demand, the price would no longer be an equilibrium price and it would shift to another - higher or lower - level.
Is the equilibrium conversion of synthesis gas to methane favored at higher or lower pressures?
Higher pressures
If the demand for a product remains the same and the supply increase what will happen to the equilibrium price?
If there is an increase in supply, the supply curve will be shifted to the right. This leads to a decrease in the equilibrium price and an increase in equilibrium quantity. This is easy to see if you draw it out.
How does the temperature affect a reaction?
Increasing temperature affects a reaction in two ways: 1) at higher temperatures the molecules are moving around faster and collisions and reactions are more frequent, so the reaction - both forward and reverse - speed up. 2) at higher temperatures, the equilibrium state will shift. In some cases it will shift the equilibrium towards the product. In other cases, it will shift it back towards the reactants.
How does increasing the temperature affect reaction?
Increasing temperature affects a reaction in two ways: 1) at higher temperatures the molecules are moving around faster and collisions and reactions are more frequent, so the reaction - both forward and reverse - speed up. 2) at higher temperatures, the equilibrium state will shift. In some cases it will shift the equilibrium towards the product. In other cases, it will shift it back towards the reactants.
What are your sales or guest counts on a busiest shift?
These are the amount of people who come in to order or purchase your product. The numbers are generally much higher during the busy shifts.
