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When the demand for CDs rises buyers will purchase more CDs at?
Wiki User
∙ 9y ago
All prices!
Wiki User
∙ 9y ago
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What is a blanket purchase agreement?
It is an contract between one or more buyers and one ro more supplier to estimate the amount of items to be delived at the rigt the price and at the the right place agreed
Why did schecter discontinue the 006 elite guitar?
not enough people were buying them. the demand was less than the supply. In order to not loose money they needed to reinvent it or drop it. Schecter chose to drop it. Its simple supply and demand equation for all businesses. More Supply + Less Demand= deflation of prices (in the end less money for company) More Demand + Less Supply= inflation of prices (in the end more money for company)
How does discount affect purchasing power of customers?
Discounts allow many consumers to purchase goods or services they could not have afforded at full price. That's why Groupons have become so popular. Discounts also allow people to purchase more than they could without the discount.
How did hire purchase help America boom?
A huge factor for the boom in America was hire purchase. Hire purchase is whereby you put a deposit on an item and pay instalments on it. These instalments are payed back with interest. This means that you are in essence paying more for the item than it is actually worth. One reason why it caused the economy to boom was because it was easy to access for people who weren't mega rich. Because it made items more accessible to people they bought more, therefore supporting industries in America such as the car industry. This meant that the industries had a lot more income so could afford to grow. Because of this growth it caused them to need more jobs. Inevitably jobs such as these caused people to spend more, which therefore brought more money into other industries. This caused the same process to revolve, leading to a boom in the USA. Because of this, profits rose by 80% and wages by 8%. Hire purchase lead to an increase in demand. This called for a new method of production that was faster and more efficient. The process that was first invented by Henry Ford was called the assembly line. This made products cheaper and meant they could be produced faster. Because the products were cheaper ordinary people could afford items such as cars and fridges and were using hire purchase to pay for them. In 1908 a car was worth $850 and by 1925 was worth $250. People began to feel pressured into buying items and to use hire purchase to pay for them as products such as the car came to represent the American dream. Because there were more cars due to hire purchase the cars needed fuel to run. This brought in yet more income for the USA. Linked to this people needed to be employed to build roads in which the cars could run on. This therefore caused more people to be employed in the building of roads so more people spent money and thus the cycle continued. Not only was hire purchase used to pay for products that ordinary people could only afford but credit was also used. This helped reinforce the 'buy now pay later' approach that many americans had, thus causing the process to continue. All this helped cause the boom in america.
Where can one purchase a Conn trumpet?
One can purchase a Conn trumpet from Conn-Selmer, eBay, Amazon, Trumpet Trader, Musicians Buy, Musicians Friend, Alan Gregory, Intrumental Savings and many more.
Explain the determinants as well as exceptions to law of demand?
The five ceteris paribus demand determinants are buyers' income, buyers' preferences, other prices, buyers' expectations, and number of buyers.Buyers' Income: The amount of income that buyers have available to spend on a good affects the ability to purchase a good. In general, income has a direct affect on the ability to buy a good, that is, more income means more buying. However, income can actually affect demand in two ways. For normal goods, more income means more demand. For inferior goods, however, more income means less demand.Buyers' Preferences: The satisfaction buyers obtain from a good, based on buyers' preferences, wants, needs, likes, and dislikes, affects the willingness to purchase a good. If a good provides greater satisfaction, then buyers are inclined to purchase more.Other Prices: The demand for one good is based on the prices paid for other goods purchased by buyers. A change in the price of a substitute good (or substitute-in-consumption) induces buyers to alter the mix of goods purchased. An increase in the price of a substitute motivates buyers to buy more of one good and less of the substitute good. A change in the price of a complement good (or complement-in-consumption) induces buyers to demand more or less of both goods. An increase in the price of a complement motivates buyers to buy less of one good as they buy less of the complement good.Buyers' Expectations: The decision to purchase a good today depends on expectations of future prices. Buyers seek to purchase the good at the lowest possible price. If buyers expect the price to decline in the future, they are inclined to buy less now. If they expect the price to rise in the future, they are inclined to buy more now.Number of Buyers: The number of buyers willing and able to buy a good affects the overall demand. With more buyers, there is more demand. With fewer buyers, there is less demand.
If a demand curve shifts rightward this means?
Quantity buyers are willing and able to purchase more of the good every price.
Along a linear demand curve as the price rises demand becomes more?
elastic
What happens when demand rises by more than supply rises?
Then more people will be employed and the unemployment rates will go down
What happens to pulse rate when activities demand more body movements?
It rises.
What happens when demand rises by more than supply falls?
If demand rises, the demand curve will shift to the right. A fall in supply will mean that the curve moves leftwards. The result is higher prices at a lower quantity. Excess demand may occur
Why might an increase in income result in a decrease in demand?
The Giffen's paradox explains this theory very well .When a person's income rises his purchasing power obviously rises.This leads him to substitute his earlier consumption commodities (inferior goods in the theory) to something more superior. In this case when the income rises the demand for inferior goods falls. But this also proves that when income rises the demand for superior goods also rises
Which determinant of demand changes in the personal computer market as more individuals become interested in surfing the Internet?
Number of buyers
What made the supply of agriculture rise faster then the demand?
Oil crops is what makes supply of agriculture rise fast. This rises more faster than the demand.
Why does demand curve slope from left to right?
Demand curve is negatively slopedThe demand curve generally slopes downward from left to right. It has a negative slope because the two important variables price and quantity work in opposite direCtion. As the price of a commodity decreases, the quantity demanded increases over a specified period of time and vice versa, other things remaining constant. The fundamental reasons for demand curve to slope downward aFe as follows:(i) Law of diminishing marginal utility. The law of demand is based on the law of diminishing marginal utility. According to the cardinal utility approach, when a consumer purchases more units of a commodity, its marginal utility declines. The consumer, therefore, will purchase more units of that cOmmodity only if its price falls.Thus, a decrease in price- brings about an increase, in demand. The demand curve, therefore, is downward sloping.(ii) Income effect. Other things being equal, when the price of a commodity decreases, the real income or the purchasing power of the household increases. The consumer is now in a position to. purchase more commodities with the same income. The demand for a commodity thus increases not only from the existing buyers but also from the new buyers who were earlier unable to purchase at higher price. When at a lower price, there is a greater demand for a commodity by the households" the demand curve is bound to slope downward from left to right.(iii) Substitution effect. The demand curve slopes downward from left to right also because of the substitution effect. For instance, the price of meat falls and the prices of other substitutes say poultry and beef remain constant. Then the households would prefer to purchase meat because it is now relatively cheaper. The increase in demand with a fall in the price of meat will move the demand curve downward from left to right.(iv) Entry of new buyers. When the price of a commodity falls, its demand not only increases from the old buyers but the new buyers also enter the market. The combined result of the .income and substitution effect is that demand extends, ceteris paribus, as the price falls. The demand curve slopes downward from left to right.
Why does demand curve slope downward from left to right?
We have seen already that demand curves (price Demand) slope downwards from left to right. Since demand curve is only a geometrical representation of the law of demand with 'quantity' on the X axis, and 'price' on the Y axis, the shape of the demand curve has to be necessarily of one sloping downwards showing that more is demanded at a lower price. The question why does the demand curve slope downwards is an indirect way of asking why does the law of demand operate. What are the reasons behind the operation of law of demand? why do people demand more if price comes down? So it is better to discuss the reasons behind the law of demand or the economics of law of demand in order to understand the question under discussion.
What is higher level of demand fluctuation?
a higher level of demand fluctuation is the case where costumers become more sensitive to changes in prices and products and situations in the industry. a good example is the housing market in the US. before 2007, housing demand was resilient and kept increasing regardless of prices, income, quality,.... however, after the crash of 2007, home buyers were much more weary of any purchase and weighed their decisions on many factors. in the second case, we started witnessing a higher level of demand fluctuation.
