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What did it mean to raise a standard in history - As in - King Charles raised his standard at Oxford?
Raise the standard mean to up thw level of expectations that are required.
What was the most likely reason farmers were paid to plant less cotton in the early years of the great depression?
to raise the price of cotton and increase each cotton farmer's income
Why is gemstone expensive?
Because of the high cost of mining and cutting the gemstone. And because the jewlers need to make a profit somehow, so they raise the price a bit more than what they purchased it for.
Why did the cattle industry become profitable after the civil war?
There was a high demand for beef because all the cattle were slaughtered during the war for meat. As with basic economics states, when demand exceeds supply, prices rise, thus making it a profitable venture to raise cattle.
What was the main objective of the agricultural adjustment act?
The primary goal of the Agricultural Adjustment Act of 1933 was to restore the price of farming commodities to prices pre-war. The Secretary of Agriculture had a five step program to ensure this success.
When businesses raise prices above the equiliberium price the demand will do what?
un answered
If a company raise its price for the holiday over the equilibrium pricethe demand will?
If a company chooses to raise prices during the holidays, they will sell less of that product. Some consumers reservation price will be lower than the new price so they will not buy the product. This is represented by a movement along the demand curve, NOT a shift of the demand curve.
What happens to the price of a good or service when there is excess demand?
When there is excess demand for a good or service, the price typically increases. This is because the high demand creates a scarcity of the product, leading sellers to raise prices to balance supply and demand.
Why would a firm raise the price of a product after a producer determines that the demand for one of its products is inelastic?
The firm would raise the price because the firm's total revenues would probably increase.
Differences demand-pull inflation and cost-push inflation?
Demand-pull inflation: prices rise due to shortage; firms produce more and raise price to meet demand. Cost-push inflation: prices rise due to increasing costs of production; firms raise price in order to not produce less.
What is a decline in real GDP combined with a raise in the price level known as?
Stagflation
What does a raise in the price of a product cause?
The rise in the price of a product is going to cause: 1. consumer demand of product to decrease 2. producers supply decreases 3. equilibrium price is uncertain because both demand and supply are shifting However if demand grows relatively more than supply, price will rise, but if supply grows relatively more than demand, price will fall.
What does A raise in the price of a product causes?
The rise in the price of a product is going to cause: 1. consumer demand of product to decrease 2. producers supply decreases 3. equilibrium price is uncertain because both demand and supply are shifting However if demand grows relatively more than supply, price will rise, but if supply grows relatively more than demand, price will fall.
What method does 'OPEC' use to raise the price of oil?
OPEC uses supply and demand to determine prices. If they want to raise the price, they slow down production. The lower supply will equal higher prices.
What lead to oil embargo by OPEC?
OPEC wanted to raise the price of oil, so they used the supply /demand theory to get what they wanted. They held back the oil and raised the demand for it.
What is the purpose of a stock market?
In order for a company to raise capital they open themselves up to public investment in the stock market. Through the process of buying and selling, the price of the company's shares is determined according to the level of supply and demand.
How does the price elasticity of demand influence the pricing strategies of monopolies?
The price elasticity of demand affects how monopolies set prices. If demand is elastic (responsive to price changes), monopolies may lower prices to increase revenue. If demand is inelastic (not responsive), monopolies can raise prices without losing many customers. Monopolies use this information to maximize profits and maintain their market power.
