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What happens if a product's price decreases?
The product costs less.
What happens when the supply of a product decreases?
Price increses
According to Adam Smith what happens when the supply of a product increases?
The price decreases.
When the price of a product is increased the quantity demanded decreases demand for this product is?
when the price of product increased the porchasing powre of consumer is foll so he will decreases his quantity demand for that product.
What happens when the demand for a product decreases?
When demand decreases, supply increases.
What happens if a product's price decreases?
The product costs less.
What happens when the supply of product decreases?
Price increses
What happens when the supply of a product decreases?
Price increses
According to Adam Smith what happens when the supply of a product increases?
The price decreases.
What happens when the supply of product decreases according to Adam smith?
The price increases
When the price of a product is increased the quantity demanded decreases demand for this product is?
when the price of product increased the porchasing powre of consumer is foll so he will decreases his quantity demand for that product.
What happens when the demand for a product decreases?
When demand decreases, supply increases.
What happens when the price decreases in the case of a product that has elastic supply?
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If demand decreases and supply is constant what happens to the equilibrium price?
If demand decreases and supply is constant, the price will increase.
The Law of Supply and Demand states that if the supply of a product increases then the price of that product will?
decrease. It will also decrease if the demand decreases. Conversely, if the supply of a product decreases or if the demand increases, the price will increase.
What happens to price as demand decreases?
Prices normally increase as demand increases and decrease as demand decreases.
According to Adam smith what happened when the supply of product increases?
The price decreases.
