Supply and Demand

Peas and fresh tomatoes are considered more elastic because their demand is more sensitive to price changes; consumers can easily substitute them with other vegetables or fruits when prices rise. In contrast, tobacco and coffee products are often regarded as inelastic commodities, as they have fewer substitutes and are habit-forming, leading consumers to continue purchasing them despite price increases. This difference in elasticity reflects consumer behavior and the availability of alternatives within each product category.

you dont get your loubutons x

A lack of product (a.k.a. a shortage) would primarily cause an increase in the price of the good or service. An increased price means more supply, but it also means less demand.

Price or market system

To discourage the sale of items that the government thinks are harmful to the public good

Its based on supply and demand

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Principles and demand

this is the question i am wondering so how can i answer it

Smith and Ricardo AZ (928)

yes. However it must be kept in mid that in the case of some items the supply is interfered with by legal or illegal cartels and the price is also inflated by opportunistic government charges.

They can change the amount of income you earn!

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.

Agriculture accounts for 78%

To determine where a particular country's economy may be headed next, trades turn to a variety of data, including: gross domestic product (GDP), import, exports,employment, unemplyment,growth, debt, and many other factors. Collectively, these are often reffered to us the fundamentals.

Like any other market, the value of currencies responds to changes in supply and demand. When the world needs more dollars are available on the market, or the need of them declines for some reason, then the dollar drops in value.