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Factors affecting demand for a commodity?
price of a commodity, the higher the prices, the lower the demand if there is not a equiblirum condition between demand and supply then it affect commodity demand , inflation and income, and monopoly in some commodity in some area is also affect demand of commodity
What does PRICES mean?
Changes in prices time by time due to inflation or demand of commodity.
Effects of supply and demand?
supply and demand effects the market economy and commodity prices. with a increase in demand commodity price increases resulting in inflation in economy and viceversa, and with increase in supply by producers there is decrease in commodity price resulting in deflation in economy.
If supply exceeds demand for a product what economic explanation occurs?
prices decrease
In a perfect market what forces price to go up in a commodity?
Lower supply and/or greater demand make prices for a commodity rise.
When the price of both substitute and compliment of a commodity risewhat will be the demand for that commodity?
There wouldn't be a great demand for the commodity as, lower ther the prices, more the demand of the commodity.Remember, Demand for a product increases when the prices of its complements decreaseANSWER: Supply and demand
Factors affecting demand for a commodity?
price of a commodity, the higher the prices, the lower the demand if there is not a equiblirum condition between demand and supply then it affect commodity demand , inflation and income, and monopoly in some commodity in some area is also affect demand of commodity
When demand exceeds supply are there any instances where prices wouldn't be raised?
When demand exceeds supply, prices will usually increase. However, prices may not increase if the sellers are non-profit organizations.
What does PRICES mean?
Changes in prices time by time due to inflation or demand of commodity.
What does Prices vary mean?
Changes in prices time by time due to inflation or demand of commodity.
What happens if the prices of commodities fall?
When the prices of the commodities fall, the demand of that commodity usually increases. On the same note the supply of the given commodity usually decreases as well.
Effects of supply and demand?
supply and demand effects the market economy and commodity prices. with a increase in demand commodity price increases resulting in inflation in economy and viceversa, and with increase in supply by producers there is decrease in commodity price resulting in deflation in economy.
If supply exceeds demand for a product what economic explanation occurs?
prices decrease
In a perfect market what forces price to go up in a commodity?
Lower supply and/or greater demand make prices for a commodity rise.
Is Supply and demand the same as supply exceeds demand?
Supply and demand is an economics tool used graphically to demonstrate the relative effects on market price generated by the quantity of supply and the quantity of demand. Supply exceeding demand generally is shown, again graphically, to lower market price. On the other hand, demand exceeding demand generally results in a higher market price. Verbally, the supposition can be stated, "as supply increases, given that demand remains static, price will fall. as demand increases, while supply remains static, prices will rise. as supply decreases, while demand remains static, prices will rise. as demand decreases, while supply remains static, prices will fall.
The interaction of the producer and the consumer establishes a price?
Yes, the interaction of supply and demand between producers and consumers determines the equilibrium price of a good or service in the market. When supply exceeds demand, prices tend to fall, and when demand exceeds supply, prices tend to rise until an equilibrium is reached where both parties are satisfied.
In a perfect market what forces price to go up for a commodity?
A commodity is an item marketed that is useful or valued. Competition, supply, and demand forces prices to go up in a perfect market.
