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Supply and demand are vital to consumers. If a product is in high demand the supply has to go up which can increase prices because of the demand. Prices end up going up because more has to be shipped and it would have to get to the location of demand in a certain time.
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How can consumers influence or affect the price of goods or services?
supply and demand. If more people want it, it is in greater demand thus the price is more; if less people want it, the opposite is true.
What effects supply and demand?
Fluctuations in the price of goods. The affect of demand on price is directly proportional and supply's affect on price is indirectly proportional.
How does supply and demand affect the market structure?
businesses can charge more if supply is limited and demand is high
What is a demand and supply curve?
A demand and supply curve is used in economic to show that in a competitive market, the price of a product will vary depending on the need of the consumers.
What factor had the greatest influence on elasticity and in elasticity of supply?
Demand from consumers.
Law of demand and supply?
Consumers is the law of supply and demand.
How can consumers influence or affect the price of goods or services?
supply and demand. If more people want it, it is in greater demand thus the price is more; if less people want it, the opposite is true.
What effects supply and demand?
Fluctuations in the price of goods. The affect of demand on price is directly proportional and supply's affect on price is indirectly proportional.
If people decided to have more children doest it affect to demand and supply?
If significant numbers of people decided to have more children, it may affect supply and demand. It would lead to more demand and less supply.
How does supply and demand affect the market structure?
businesses can charge more if supply is limited and demand is high
What is a demand and supply curve?
A demand and supply curve is used in economic to show that in a competitive market, the price of a product will vary depending on the need of the consumers.
What is Demand and supply curve?
A demand and supply curve is used in economic to show that in a competitive market, the price of a product will vary depending on the need of the consumers.
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.
Why do the cars keep changing it seems that if somebody buys a little car everybody buys a little car and the manufactures make more little cars?
The law of supply & demand. The auto manufactures build what we consumers damand.The law of supply & demand. The auto manufactures build what we consumers damand.
What factor had the greatest influence on elasticity and in elasticity of supply?
Demand from consumers.
What are the factors that affect demand forecasting?
- consumers may not be aware of actual demand in future - answers from consumers are not real - consumer response are biased - plan of consumers change with time
Should you think about supply and demand when considering your future career?
1. How do supply and demand affect choices?
