Supply and Demand

Companies needing employees will need to increase payWages will rise.

if price of input for any product good is influence by

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.

True

The theory says that the demand increases. this however is not necessarily true. in some instances the demand will also decrease when there is status involved. For example some people will not buy generic brands.

Point of equilibrium!

quantity of supplyis the equal to the constant plus demand times price

It's around 3.5!

When a company produces a small quantity of a product and a large number of people want to purchase the product, the demand will cause the price of the product to go up.

This question cannot be answered the way it is written. Please rephrase and resubmit your question so it can be answered. thank you

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.

Supply depends on demand.The demand is how much a product is wanted.The supply is how many of a certain product is made.It depends on demand because if a product is not getting enough demand, the supply will come to a stop or become very low.

This would be having exactly enough, but not too much of the product in demand. So you would be maximizing profit!

Imagine you wanted to buy a TV. You don't know how to make a TV so you must obtain one from someone who does know how to. Imagine also that you are a farmer and the person you are getting the TV from doesn't know how to grow vegatables. In this case you are both interdependent because with out you the electrical merchant couldn't eat and without the electrical merchant you wouldn't be able to get a TV. The same works for money; if you have £300 but no TV and someone else has a TV but wants money then you can trade.

The biggest force of supply and demand relates to price if there is a low supply and and a high demand , the supply goes to those that are willing to pay the most.

determinants of demand :
-income and wealth
-prices of other goods and services
-tastes and preferences
-expectations

determinants of supply :
-the cost of production
-the prices of related product

it's not possible.

Well it should go up, say a xbox 360 costs £200 and there are 200 available and 200 orders prices should increase a little so it may cost £210 but if there is 200 orders but 150 360's the price will increase to the extent that who ever is willing to pay more will get one.

Conversely if there are 50 orders and 200 xboxes then the price should fall.
This is a simplification of course. There are other factors involved.

The brilliant thing is that no-one has that job. The buyers determine the demand, without colluding, and the sellers determine the supply. If they get it right, demand equals supply.

If demand exceeds supply, people have to queue up. People at the back might shout out that they will play a higher price, so they jump the queue and that drives the price goes up.

If supply exceeds demand, some sellers might shout out that they will sell more cheaply than the rest, and that drives the price down.

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

If the price of gas keeps going up like it has been these past few months, that means one thing: we are running out of gas and demand will rise.

The willingness and ability of a producer affects supply because they activities determined availability of products on the market