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When according to the law of supply and demand when supply increases what else happens?
According to the law of supply and demand when supply increases, prices will decrease.
What happens to price as demand decreases?
Prices normally increase as demand increases and decrease as demand decreases.
How is today's gold prices increase or decrease?
as with any product, prices will fluctuate with demand and supply. if the demand increases or supply is reduced, prices will rise. if demand falls or there surplus supply, the opposite also occurs.
When will happen if the sellers in the market increase?
As the Number of Sellers Increases, the Supply of the commodity Increases. As Supply Increases, and demand remains constant, Prices Decrease.
How is unemployment related to supply and demand?
when people are unemployed, it means there is a decrease in the workforce and a decrease in the quantity supplied as firms cannot produce as much as they could before. as there is a decrease in the supply, prices fall and demand increases.
