Usually (rises) because of general economic growth. if there is a high demand for the goods then the price will most likely rise in order for consumers to buy a limited amount. its also a sort of scheme to increase the full potential of price. prices for a good would probably not rise if the producer/provider has an exceptional amount of stock. from price changes you can determine the demand. high price is high demand and less stock. low price is low demand and likely a surplus therefore the low price is to remove the surplus more easily (low demand)
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Nov 18, 2018
Explanation:
Answer: C.) The actions of consumers in response to changes in price.
Explanation:
The Law of Demand states that as the price of a service/product decreases, the demand will increase and vice versa. Therefore, it doesn't necessarily related to the producer's response, but the consumer's. And since the consumer isn't producing, they are not in direct contact with the production costs.
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The approximate length of the diameter,d of the circle is 250 ft
<h3>How to find the diameter of a circle</h3>
Circumference of the circle = 250π
- Circumference of a circle = 2πr
250π = 2πr
250π / 2π = r
125 = r
Recall,
Radius, r of a circle = Diameter, d ÷ 2
125 = d/2
d = 125 × 2
d = 250
Therefore, the diameter of the circle is 250 ft
Learn more about circumference of a circle:
brainly.com/question/15673093
