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What is local demand?

the demand that is existing more in a current scenario refers to as local demand.


What is demand products?

Product demand is an economic term. The product demand describes the desire for a particular product that the public has.


What has happened to exercise tv on demand?

What cable channel has exercise on demand ....


What is a real-world scenario where the concept of supply and demand plays a crucial role in determining the price of a product?

One real-world scenario where supply and demand determine the price of a product is the housing market. When there is high demand for houses but a limited supply of available homes, the prices of houses tend to increase. Conversely, when there is an oversupply of houses and low demand, prices may decrease. This dynamic interaction between supply and demand influences the pricing of houses in the market.


Can you provide a real-life scenario where the concept of supply and demand has a significant impact on pricing?

One real-life scenario where supply and demand impact pricing is the housing market. When there is high demand for houses but a limited supply available, prices tend to increase. Conversely, when there is an oversupply of houses and low demand, prices may decrease. This dynamic relationship between supply and demand plays a significant role in determining the pricing of homes in the real estate market.


What is energy demand and consumption?

Energy demand and consumption describes the amount of energy required. It is is increasing day by day.


Can you provide a real-world scenario where the concept of supply and demand plays a crucial role in determining the price of a product?

One real-world scenario where supply and demand determine the price of a product is the housing market. When there is high demand for houses but limited supply, the prices of homes tend to increase. Conversely, when there is an oversupply of houses and low demand, prices may decrease. This dynamic interaction between supply and demand influences the pricing of homes in the real estate market.


What of these describes a weak economy?

Aggregate demand is low


What is a demand curve?

Demand curve describes the relationship between the product price and the number of the product demanded through the use of graph. This is also an illustration of demand schedule.


What describes a demand deposit?

money in a checking accountMoney in a checking account


What word describes the degree of the desire for a good or a service?

Demand is the one word.


Which of these describes a market economic system?

Economic decisions are based on supply and demand. A+