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Supply increases and demand is constant?
if there is an increase in supply ,there is a corresponding increase in demand. perishable goods such as fresh tomatoes may increase in supply because there are in season.THIS IS ONE OF THE EXCEPTION TO THE RULE
What do you call in economic terms buying and selling of goods?
Demand and Supply. Demand= buying goods and services. Supply=selling goods and services.
What determines the prices of goods and services in the product market?
Supply and demand. Supply and demand determines the prices of goods and services in the market.
How durability and perishable of goods affects its demand?
if a customer requires a product with a short life cycle he/she may demand less of tht product
What is the role of supply and demand in pure market capitalism?
Supply and demand both dictate the price of the goods sold in capitalism
Supply increases and demand is constant?
if there is an increase in supply ,there is a corresponding increase in demand. perishable goods such as fresh tomatoes may increase in supply because there are in season.THIS IS ONE OF THE EXCEPTION TO THE RULE
What do you call in economic terms buying and selling of goods?
Demand and Supply. Demand= buying goods and services. Supply=selling goods and services.
What determines the prices of goods and services in the product market?
Supply and demand. Supply and demand determines the prices of goods and services in the market.
How durability and perishable of goods affects its demand?
if a customer requires a product with a short life cycle he/she may demand less of tht product
How do you use perishable goods in a sentence?
These perishable goods go in the refrigerator.
What is the role of supply and demand in pure market capitalism?
Supply and demand both dictate the price of the goods sold in capitalism
What caused the economic in the 1800s?
The supply of goods exceeded the demand
What caused the economic panics in the?
The supply of goods exceeded the demand
What cause panics in the 1800s?
The supply of goods exceeded the demand
Who determines what goods to produce in the economy?
It is the demand and supply which determines the goods and services to produce in the economy.
How is the economic environment of a country determined?
The economic environment is determinined by the laws of demand and supply. When there is high demand of goods and low supply prices are likely to go up vice versa. These goods can either be money or goods in economy.
What effects supply and demand?
Fluctuations in the price of goods. The affect of demand on price is directly proportional and supply's affect on price is indirectly proportional.
