answersLogoWhite

0

When the prices of goods increase,people have to spend more money to buy them and thus have less money to do othr entaertainment thus their material life will be worse.Material life is one of the aspect affects our quality of life so the changes of price actually has a close relationship with quality of life.

User Avatar

Wiki User

15y ago

What else can I help you with?

Related Questions

In a law of demand there is an inverse relationship between the price and quality demanded. True or False?

True


What is the Relationship between price waterhouse cooper and TD waterhouse?

no relationship between td waterhouse and price waterhouse


What is the relationship between aquaculture and water quality?

They have an inverse (negative) relationship.


What is the equilibrium price of a product?

The relationship between price asked and quatity supplied.


Is their inverse relationship between quantity and price?

Yes.


The supply curve shows the relationship between?

Supply curve shows relationship between price of the particular commodity and the quantity supplied of that commodity at different price level.


The relationship between the value of money and the price level?

There is an inverse relationship between value of money and the price level. So if the value of money is low, then the price level is high or if the value of money is high, then the price level is low.


What is the relationship between price and demand for a Giffen good?

The relationship between price and demand for a Giffen good is unique because as the price of the good increases, the demand for it also increases. This is contrary to the law of demand, where an increase in price leads to a decrease in demand.


What is the relationship between the speed of the components and the price?

The price is higher if the speed is slower The price is higher if the speed is slower


What is the relationship between the price and the quantity demanded?

The relationship between price and quantity demanded is inverse, meaning as the price of a product increases, the quantity demanded by consumers tends to decrease, and vice versa. This is known as the law of demand in economics.


What is the relationship between the price of an item and the quantity demanded?

It is a direct relationship. As demand for an item rises, all else equal, price for an item will rise.


What is the relationship between price and yield in financial markets?

In financial markets, there is an inverse relationship between price and yield. When the price of a financial asset goes up, its yield goes down, and vice versa. This relationship is important for investors to consider when making decisions about buying or selling securities.