• 
• 1 answer

• 
• 1 answer

If you have too little supply or too much demand for your company, then your competitor will win because then the customers will think that you're a sucky company.

• 
• 1 answer

The price usually goes up. If lots of people want something, you have to pay more to get it.

• 
• 1 answer

its quite simple really, when a resource is scarce and there is a reflective demand for the item prices will rise as consumers will pay more for this rare item. On the other hand if the resource is plentiful and easily attainable consumers will look for the best (lowest) prices or not be willing to pay much at all if the item can be found everywhere.

• 
• 1 answer

ability to pay & willing to buy.

• 
• 
• 3 answers

When a firm makes a profit by producing enough goods to meet demand without having leftover supply the point of profit is where marginal revenue equals marginal cost.

• 
• 1 answer

The most predominant examples are the automotive and petroleum industries.

• 
• 1 answer

In economics, supply and demand describes market relations between prospective sellers and buyers of a good. The supply and demand model determines price and quantity sold in a market. This model is fundamental in microeconomic analysis, and is used as a foundation for other economic models and theories. It predicts that in a competitive market, price will function to equalize the quantity demanded by consumers, and the quantity supplied by producers, resulting in an economic equilibrium of price and quantity. The model incorporates other factors changing equilibrium as a shift of demand and/or supply.

• 
• 1 answer

A customer filled form of the following fields will be of great use. * Do you need product urgently? * How many times you visited our store? * Was the proper information provided to you? * Were you attended properly? * Can you afford to pay more for a quick delivery? * Have you ever used our product? * How do you know about our product?

• 
• 1 answer

The answer is from an economics point of view. You might need to draw a diagram to understand the question better. Let's say that the initial equilibrium price and quantity is stable, where the demand and supply curves intersect each other. Using the market for console games for relevance, let's say the price of Play Station 3 is initially priced at USD 3.00. (it's only an example, as I have no idea how much it costs). At this price, we can say that that is the equilibrium price of the PS3, and the equilibrium quantity is 1000 units. However the equilibrium price and quantity can change depending on changes in the supply and demand in the market, hence the question is asking how the interaction between demand and supply can determine the price and output. Let assume that the demand for PS3 increases, which can happen in real life during holiday season or before Christmas. If this happens, in a graph, the demand graph will shift out. An increase in the demand while the supply remains the same, means there is excess demand of PS3 in the market. This means there are a lot of people who want to buy the PS3 but there are too little in the market or insufficient amount supplied. If this happens, the price will increase. (this is very normal in economics, when there exists excess demand the value of the good increases). The increase in the price, will thus form the new equilibrium price and quantity. We can say that the excess demand caused the price of PS3 to increase, and only a few can purchase it. This is one example of the interaction of demand and supply to determine the equilibrium price and quantity. At times, it's not only the demand that can affect the price and quantity. There are times where the supply can affect the price of a good. If excess demand causes the price to increase, excess supply, meaning a surplus of goods in the market. will mean the price will eventually fall. What you need to understand is the use of demand and supply to determine the price and quantity is a model. This demand and supply model is used to basicly understand the relationship between price and quantity and factors that can affect it.

• 
• 1 answer

Response of quantity demanded and supplied due to a change in consumer disposable income.

• 
• 1 answer

supply and demand and the economy system is interrelated to each other. It like man and his heart. If heart bits stops man die and viseversa.so in economy if demand and supply function well in a nation then definitely the economic system goes up, it doesn't matter with what goes up and what goes down in society. i mean by supply and demand of course it effects the whole economy system.

• 
• 1 answer

• 
• 1 answer

Market

• 
• 1 answer

• 
• 1 answer

If the demand is perfectly elastic in prices (that is, demand falls to zero if the price for consumers is raised even the slightest bit), then the entire tax incidence falls on the producer since the producer would rather face the entire tax burden than lose all his consumers. And if the demand is perfectly inelastic (doesn't change with change in commodity price) then the entire burden falls on the consumers.

So higher the price elasticity of demand, higher would be the share of taxes borne by the producer. And higher the price elasticity of supply, lower the share borne by the producer, by similar logic.

• 
• 1 answer

We cannot predict the market clearing price, but know that the equilibrium will increase.

• 
• 1 answer

Any potential producer of a product or a service needs first to determine the need for such goods. This is usually done through companies that do research by contacting either the public through surveys, or to specific companies that might require those services. They also inform you as to what other people or companies are also providing those services or goods, and if there is any available room in the market for a new comer. This then determines demand. This also determines the available supply to fill the demands. It is much like water always attempting to find equalibrium.

• 
• 1 answer

In a free enterprise system, when supply is low and demand is high, prices are higher, but when supply is high and and demand is low, prices are lower.

• 
• 1 answer

Supply and demand are vital to consumers. If a product is in high demand the supply has to go up which can increase prices because of the demand. Prices end up going up because more has to be shipped and it would have to get to the location of demand in a certain time.

• 
• 1 answer

Assume many buyers and many sellers of a standardized product

• 
• 1 answer

If supply is greater then the demand then the price is lower but if the demand is higher then the supply then the price is higher due to rarity. :)

• 
• 1 answer

change in quantity supplied quantity supplied --------------------------- x ----------------- price change in price

• 
• 1 answer

an alternative that we sacrifice when we make a decision

• 
• 1 answer

yes.