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What is price based on?
supply and demand. if the supply is up, the price is down. if the demand is up, the price goes up. Addition... It is also based on the value of the currency being used to purchase the thing. When the value of the currency goes down, the price goes up.
What is the Law of Supply and demand?
When the supply goes down, the price goes up because there is a shortage and there are less to be sold. When supply goes up on account of high prices, the price goes down because there is a surplus. If the demand goes up, the price goes up because people will pay more for it than usual. If the demand goes down due to the increased price, the price goes down.
What are the reasons for negative relationship between price and quantity demanded?
Price and demand have an inverse relationship. Therefore, if the price goes up, the demand goes down; the price goes down, the demand goes up.
What happens when supply goes down?
when supply goes down the price goes up>
What happens after the demand for a fad drops?
The price goes down, and the quantity supplied goes up
How do interest rates affect the price (Value) of bonds?
Yields and Price for bonds are inverse. So when price goes up yield goes down. When price goes down , yield goes up. The coupon always remains fixed.
When price goes down the quantity demanded goes up Price elasticity measures how?
True
How does products supply impact its price?
When supply increases and demand decreases, the price goes down. When supply goes up and demand stays the same, price also goes down. When demand goes up and supply either stays the same or decreases, then the price goes up
What is a price reduction?
Where the price of a particular item goes down or decreases
What happens to the discount and sale price if the rate of discount goes up?
The discount goes up, the sale price goes down.
What happens to the equilibrium price when supply goes down?
When supply goes down the equilibrium price tend also to fallcausing the price of commodities to fall and hence shortage of goods and services to the economy.
What will a change in price do for a product?
It will affect its sales. If the price goes up, depending upon what the product is the sales may go down. When the price goes down, the sales will probably go up.
