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How does a change in the amount of a product lead to a shift in equilibrium, and can you explain this process?
A change in the amount of a product can lead to a shift in equilibrium by affecting the supply and demand balance. If the amount of a product increases, the supply will exceed the demand, causing prices to decrease. This can lead to a new equilibrium point where supply and demand are once again balanced at a lower price. Conversely, if the amount of a product decreases, the demand may exceed supply, causing prices to increase. This can lead to a new equilibrium point where supply and demand are balanced at a higher price.
When a change in price does not lead to changes in demand the demand is called?
inelastic demand
Are the uses and demand for lead adequately met by the production of your metal?
Yes, the uses and demand for lead are adequately met by the production of this metal. Lead is a widely used material in various industries including construction, automotive, and electronics. There are efficient processes in place for lead extraction and production to meet the global demand.
How would falling cottons prices lead to less demand for farm works?
It would lead to less demand for farms is that when farmers don't have the right amount of cotton they need they can loose demand for it
How are prices determined in a well functioning economy?
By simple supply and demand theory. The more demand, or the less supply, will lead to higher prices. The less demand, or more supply, will lead to lower prices.
Why was lead demand weaker after the 1970's?
The abandonment of lead as an anti-knocking additive to gasoline and the discontinued use of lead as an insulator in water pipes, contributed to lower demand beginning in the 1970s.
How the increase in expansion affect the demand?
Increase in expansion affect the demand because more supply/expansion with constant demand will lead to excess in expansion which affect the demand.
How is reorder point determined?
The reorder point is determined by considering the lead time for replenishment, the average demand during that lead time, and the desired service level to avoid stockouts. It is typically calculated as the product of the lead time demand and the lead time, with adjustments made for variability in demand and lead time. The reorder point helps ensure that the right amount of inventory is ordered at the right time to meet customer demand while minimizing stockouts.
What final demand will end negotiations and lead to war?
ultimatum
Where can you watch the 2012 elimination chamber again?
WWE On Demand
Why price on y-axis in demand function?
bez when demand function have price on y-axis, its mean that price have the inverse relation to the demand, in other words price lead to demand curve.
If a is an inferior good and consumer income risesthe demand for a will?
Inferior goodA good for which an INCREASE(decrease) in consumer income will lead to a DECREASE(increase) in demand for that good.Normal GoodA good for which an INCREASE(decrease) in consumer income will lead to a INCREASE(decrease) in demand for that good.
