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If the economy is confident that there is increasing demand for increased levels of production what will be the impact on the investment?
investment increases.
What is the difference between demand and quantity demanded?
demand = how much people want it quantity (supply) = how much you have/can sell When the demand drops, the supply increases, and when the supply increases, the demand drops, but it will turn around again, and when the supply is low, the demand increases, and when the demand increases, and the supply gets lower.
What is energy demand and consumption?
Energy demand and consumption describes the amount of energy required. It is is increasing day by day.
The two greatest reasons for the increasing demand for power are?
For one thing, these must be mitigated by the continual increases in Efficiency.
Why increasing in income raising the demand?
If a household has more income, they can now afford to buy more goods and services. Therefore, spending will increase and demand increases.
What is the demand of law?
As the price of a good decreases, the amount that consumers are willing to purchase increases. It states the inverse relationship between price and demand; that when prices are high, there is a low amount of demand and when prices are low there is a high amount of demand. The price is the indicator in this law.
What is the law demand?
As the price of a good decreases, the amount that consumers are willing to purchase increases. It states the inverse relationship between price and demand; that when prices are high, there is a low amount of demand and when prices are low there is a high amount of demand. The price is the indicator in this law.
What is the situation in which the amount of available money increases faster than the amount of available goods is known as?
supply and demand
What best explains the law of demand?
As the price of a good decreases, the amount that consumers are willing to purchase increases.
Show me with graphical representation why does the demand curve slopes downward?
The demand curve slopes downward due to the law of demand, which states that as price increases demand decreases. Mathematically, this is stated as preferences being convex, which, in layman's terms, means that 'more of something is strictly better than something else' and by diminishing marginal returns leading to increasing marginal costs, which results in goods costing more for additional units of production. Thus, as production increases, price is increasing and demand is falling.
What happens to demand if income increases and commodity is normal?
Demand also increases.
Which statements best explains the law of demand?
As the price of a good decreases, the amount that consumers are willing to purchase increases.
