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What happens when demand is greater than demand?
When demand is greater than supply a supply shortage or scarcity arises and prices increase.
Is being a teacher on demand?
heak no
What happens to prices when demand is greater than suply?
They rise. Supply & demand.
What happens when supply is greater than demand?
The price declines until demand increases.
How would greater demand for your job affect your salary?
Basically, when there is greater responsibility or demand in your job, your salary should be higher. They are parallel but also depends on the position that you are in
The law of supply and demand states that the greater the demand for a limited supply of something?
the more it worth
If the elasticity of demand for a good at a certain price is greater than One we describe demand as?
Variable
Is a demand curve created from a demand schedule?
The data on a demand schedule can be plotted on a demand curve. Often, a demand schedule will be created before the creation of a demand curve, so as to allow for greater accuracy when plotting the demand curve.
What will interest rates do if the demand for money in the money market exceeds the supply?
If the demand for money is greater than the supply, interest rates will go up.Whenever the demand for anything is greater than the available supply, the price goes up.
Is there a large demand to become a teacher?
There is very little demand for anything these days, especially at entry level, and especially in teaching.
What determines a price of a good service?
The price and quantity are generally determined by the demand for the products, e.g the desire by consumers to purchase them. Generally, the greater the demand, the higher the price, and the greater the quantity that will be produced for sale.
How does the equilibrium price change when both supply and demand shift to the right?
When both supply and demand shift to the right, the equilibrium price will increase if the increase in demand is greater than the increase in supply. Conversely, the equilibrium price will decrease if the increase in supply is greater than the increase in demand.
