Discuss the higher the price of the commodity the lower the quantity demanded and vice versa?
when the price of a commodity is high,consumers will go for another product almost the same as the one that the price is high,so that makes the quantity demanded of the commodity that the price low and vice versa
How might merchants manipulate the price of commodities?
Merchants try to manipulate the price of commodities by controlling the amount available for sale. Sometimes it works and sometimes it does not. When Brazil grew most of the world's coffee, they could control the price by only selling it when it would fetch a certain price. At that point, a number of nations in Africa started growing coffee. At that point, the price of coffee collapsed. It is possible to manipulate commodity prices in the short run but not in the long run.
In a short time, the large sugar cane fields of Florida could be harvested and turned into rice paddies.
Besides controlling the amount they are willing to sell, price manipulation can be the result of direct collusion between merchants: that is, regardless of how much is being sold, merchants could agree that they would never charge less than some price $X for the good. This type of collusion is usually done through cartels or trusts, but, particularly in the medieval times, was a practice of guilds and mercantile associations. It also can happen today when a market has a very few merchants (2-4 at most), and they come to an "unofficial" agreement around pricing.
Additionally, merchants and/or nations can manipulate or control prices by tariffs and import quotas. From the times of mercantilism, colonial powers used this system to embellish the economies of the home nation at the expense of the colonies they controlled. Rarely did the Power be in the business of growing cotton for example, however, the merchants that were were part of this self contained profit system with the control of prices in collusion with their governments.
Merchants can also control prices and commodities by means of monopolies that are created by governments. Reference to this is mentioned earlier by the first contributor.
How much Gasoline is used worldwide in one day?
The U.S. uses 46% of the total worldwide use of gasoline. The US consumes 400 million gallons of gasoline per day. That translates to about 869 million gallons consumed worlwide per day.
How do you trade Indian stock markets?
To start trading in India Stock Market you require to have the following initial things
1. An online trading account with a financial services/broker portal like GEPL Capital.
2. A Demat account to hold your securities.
3. A web-enabled bank account to make online transactions.
Once you are done with the above initial setup, you can consult a reputed broking firm or some stock market expert that will guide you through the trading process. Once you have gained sufficient knowledge and experience, then you can also trade in the market on your own.
The leading export commodity of China during the Han dynasty was?
the Han exported excellent silk, not sure if that counts as a commodity though
Paragraph on price hike of essential commodities of India?
When the cost of something becomes far more expensive than its original price.Price rise is a great problem of the day. It is a common phenomenon not only in our country but also in the world. Today the prices of necessary things such as food items, cloths, education materials, medicine and many other necessary things are going up by leaps and bounds. Price rise is caused by several factors like hording, population explosion, low productivity, natural calamities, wars, backwardness of communication, evil motives of dishonest businessmen, smuggling, black marketing etc. If the price rise is caused by the short supply of commodities, it is temporary. But it is very difficult to control the price rise caused by inflation. However, the people of low income suffer greatly and pass there days in constant anxiety. They find it, difficult to make their both ends meet. Price rise has terrible effects on man's character. It leads people to the path of corruption and moral degradation. Lows should be enforced strictly to bring the prices of the essential commodities within the purchasing capacity of the common people
quantity supplied
Definition of quality education?
A good quality education is one that provides all learners with capabilities they require to become economically productive, develop sustainable livelihoods, contribute to peaceful and democratic societies and enhance individual well-being.
This tax is 0.01 percent and it is assessed when trading non-agriculture commodity derivatives. It has the potential to affect the trading of metals, including gold and silver.
Fluorescence Polarization Assay (FPA) is a test approved by the FDA for testing of Brucellosis in cattle, bison and swine.
Corn price is elastic or inelastic?
Corn, like many food items is (relatively) inelastic. Many people will continue to buy it regardless of price, as they need it for sustenance.
Actually, corn pricing is quite elastic, since the demand for corn encompasses at least five major purposes: human foodstuffs (excluding sweetners), food sweeteners, animal fodder, biofuels, and plastics-substitutes.
Corn, while a core staple of many diets, is quite replaceable by other grains, and thus, demand for corn for human consumption can often be satisfied by wheat or barley or rice instead.
Corn pricing has thus historically been quite elastic, with demand changing quickly depending on other substitute's pricing and new uses for corn. The elasticity of corn pricing is shown by the large change in demand when prices change in each of its primary markets: foodstuff corn demand is offset by foodstuff grain demand as corn prices increase; sweetener corn demand is offset by sugar demand; animal fodder demand is offset by hay, grains and synthetics; biofuel corn is replaced by grain or non-organics; and petrochemical platistics replace corn plastics.
In each of these cases, there is a ready source of alternative, which is at least reasonably comparable in pricing; thus, changes in corn's pricing directly effect the demand for corn, as people either chose the alternative more (when corn's price goes up), or chose corn over the alternative (as corn's price decreases).
Why high marketing cost of farm commodities?
because of
1) long marketing channels
2) paricibility of the commodity
3) need in daily use of commodity among common peapole
What are the Merits and demerits of debentures?
Hi
merit of dbenture - trading on equity is possible as debenture holders get a lower rate of return than the earnings of the company.
demerit of debenture-cost of raising capital through debentures is high of high stamps duty.
How much is a silver per gram?
Silver is $18.56 an ounce.
The price of silver is constantly changing. You can always get the latest silver price you have an iPhone or iPod by using an app called Pennyweight (see Related Links). Simply entering the weight and selecting the purity will automatically calculate the value of silver based on the current market price.