0
What else can I help you with?
Is an increase in demand represented by a movement up the demand curve?
An increase in demand is represented by a shift of the demand curve to the right; not a movement along the demand curve. An increase in the quantity demanded would be a movement down the demand curve.
What would cause the overall demand for books to increase?
a fire
What would happen to supply if demand when up?
supply will increase.
List and explain two different factors that can change demand that is not related to price?
An increase in income would change a person purchasing power. This would lead to an increase in demand for normal goods. Normal goods are goods that you would buy more of the greater your income is. An increase in population would also increase demand as there are now more people in the market to buy the goods.
If there's an increase in price would demand decrease?
If demand is high enough, then yes. If not, then people would be less incline to buy it.
Why did northerner industrialists favor protective tariff's?
To reduce competition from foreign grain producers. Northern America industrialists increase the demand for American. This is for manufactured goods.
Which action by the US government would likely increases unemployment in Mexico?
The United States would most likely increase the unemployment rate in Mexico by performing several actions. However, with that said, there is no particular policy within the US government that would intentionally produce that affect in Mexico. Here are some ways that unemployment within Mexico would increase: A. The US removes itself from the treaties that prevent taxes on imported goods from Mexico. Should that happen and tariffs be imposed on products made in Mexico, demand for such products would decrease and Mexican unemployment would rise; and B. If strict laws were passed and enforced concerning Mexican immigration into the US, there would be more people in Mexico looking for work. The above are rather simplistic actions, that do not seem likely.
What is Difference between extension of demand and increase in demand?
In AS/A2 examination economic theory, an increase in demand would normally refer to an increase in the quantity demanded at every price level (i.e. a shift in the "curve"). An extension of demand is an increase in the quantity demanded because the price has changed (usually because supply has shifted) - ie a movement along the demand curve. Sad but true!
What would increase aggregate demand?
Anything -other than the desired (product/service)'s price- that would change the demand for a product/service would increase aggregate demand. Some examples may be: increased incomes, increased population, increased price of substitute products, etc..
A movement along the demand curve for toothpaste would be caused by?
A movement along the demand curve for toothpaste would be caused by an increase or decrease in the price of toothpaste. This change would then lead to a change in the quantity demand.
What would be the effect on the demand for narrow money if an increase in real GDP?
what's the answer?
Supplier price response to excess demand?
supplier would increase the price
