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When a product is in demand what happens to the demand curve?
the market demand for the product. undefined. more inelastic than the market demand for the product. more elastic than the market demand for the product
How does supply and demand affect the market structure?
businesses can charge more if supply is limited and demand is high
In a perfectly competitive market an increase in demand will in the long run generally cause?
An increase in demand in a perfectly competitive market will lead to an increase in revenue for the business. The more they sell the more they will make.
When there is excess demand there is .?
There is the need for more products in the market.
What does a flat line mean in a demand curve?
If a market is faced with a horizontal demand curve, then the demand in that market by consumers is perfectly elastic. More simply, any minuscule change in price causes a huge change in quantity demanded.
How does the relationship between supply and demand impact market equilibrium?
The relationship between supply and demand impacts market equilibrium by determining the price and quantity at which they are in balance. When supply and demand are equal, market equilibrium is reached, resulting in a stable price and quantity for a good or service. If supply exceeds demand, prices may decrease to encourage more purchases, and if demand exceeds supply, prices may increase to balance the market.
How does the relationship between demand and price impact market dynamics?
The relationship between demand and price in a market impacts market dynamics by influencing the quantity of goods or services that consumers are willing to buy at different price levels. When demand is high and prices are low, more products are typically sold, leading to increased market activity. Conversely, when demand is low and prices are high, fewer products are sold, which can result in a decrease in market activity. This interaction between demand and price helps determine market equilibrium and affects overall market trends and fluctuations.
Is the eBay demand different from that found in traditional marketplaces?
how eBay have those markets generated demand?is this demand die from that found in market places?Read more: How_have_those_eBay_market_generated_demand
Explain why the law of demand can apply only in a free market?
Because the free market is the entity that in itself dictates the law of supply and demand. If the purchasing public has a high demand for a product, then more of that product is produced. Conversely, if there is only a low demand for a product, less of that product is produced.
How can the value of resources change over time?
It would depend on the demand for those resources,great the demand the more the market can hike the price.
How can the value resources change over time?
It would depend on the demand for those resources,great the demand the more the market can hike the price.
Why did Ariel not like prospero?
Prospero treated Ariel a little harsh and was often mean to him. Prospero had more work put on or given to Ariel because he knew that Ariel wanted his freedom.
