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Why does supply and demand affect consumers?
Supply and demand significantly impact consumers by influencing prices and availability of goods and services. When demand for a product rises and supply remains constant, prices tend to increase, making the item less affordable for some consumers. Conversely, if supply exceeds demand, prices may drop, making products more accessible. This dynamic shapes consumer choices, purchasing power, and overall market behavior.
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 the law of supply and demand change a consumers behavior?
The law of supply and demand affects consumer behavior by influencing purchasing decisions based on price fluctuations. When demand for a product rises or supply decreases, prices typically increase, which may lead consumers to buy less or seek alternatives. Conversely, if supply increases or demand falls, prices tend to drop, encouraging consumers to purchase more. As a result, consumers continuously adjust their behaviors in response to changing market conditions.
How does supply and demand affect the market structure?
businesses can charge more if supply is limited and demand is high
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.
How does the law of supply and demand change a consumers behavior?
The law of supply and demand affects consumer behavior by influencing purchasing decisions based on price fluctuations. When demand for a product rises or supply decreases, prices typically increase, which may lead consumers to buy less or seek alternatives. Conversely, if supply increases or demand falls, prices tend to drop, encouraging consumers to purchase more. As a result, consumers continuously adjust their behaviors in response to changing market conditions.
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 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 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.
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.
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.
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
