0
Still curious? Ask our experts.
Chat with our AI personalities
ViviYour ride-or-die bestie who's seen you through every high and low.
Chat with Vivi
FranI've made my fair share of mistakes, and if I can help you avoid a few, I'd sure like to try.
Chat with Fran
BeauYou're doing better than you think!
Chat with BeauAdd your answer:
Earn +20 ptsQ: How does supply and demand affect consumers?
Write your answer...
Submit
Still have questions?
Continue Learning about Economics
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.
Trending Questions
Why is it necessary to make economic choices?
What is the difference between an economist and a miser?
What kind of economic activities are in the western cordillera?
In an aggregate demand-aggregate supply diagram what will equal decreases in government spending and taxes do?
What are the factors affecting abnormal suppy curve?
What are goods floating after a shipwreck called?
What best describes the role of a government that is following the philosophy of laissez faire?
When people buy more of a certain good as they get more money this good is considered as?
What is grading system in commodity trading?
What was wage slavery in economy town?
Why did the plains farmers farmers bimetallism?
How is poverty shown in the outsiders?
What is the main trade controlled by the Hudson's Bay Company?
What are the benefits of using free royalty free images?
What happens to the demand for the main good if the price of a complementary good increases?
What makes your company's innovative business model stand out from traditional approaches in the industry?
What was the cost of a dress in 1927?
What are the benefits of achieving a lower cost and great availability of capital?
Explain advantages and disadvantages of the API 20E system?
What role does price elasticity demand play in decision making by business firms?
Copyright ©2025 Infospace Holdings LLC, A System1 Company. All Rights Reserved. The material on this site can not be reproduced, distributed, transmitted, cached or otherwise used, except with prior written permission of Answers.