1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Sladkaya [172]
3 years ago
5

When supply is higher than demand, prices will

Social Studies
2 answers:
ivolga24 [154]3 years ago
8 0

c) fall until the demand rises.

The law of supply and demand describes the interaction between the supply and demand of the resources.  It describes the effect that the accessibility of particular goods and the or demand for that commodity has on its value. Generally, low supplying of products and high demand raise the price. In contrast, if the supply is higher and the demand is lower, the value leads to decline.



sleet_krkn [62]3 years ago
6 0

When the supply is higher than demand, prices will fall until the demand rises.

<h2>Further Explanation </h2><h3>Supply</h3>
  • Supply refers to the quantity of goods that suppliers are willing and able to supply to the market at a particular price.  
<h3>Demand </h3>
  • Demand refers to the quantity of goods or services that consumers are willing and able to buy at a particular price.
<h3>Law of Supply</h3>
  • According to the law of supply, an increase in price of a good or a service results to an increase in the quantity of goods or services that suppliers are willing to supply.
  • Conversely, a decrease in price on the other hand will result to low supply of quantity of goods and services by the suppliers.
<h3>Law of Demand</h3>
  • The Law of Demand states that an increase in price of a commodity or service causes a decrease in the quantity demanded by consumers, and a decrease in price would result to an increased demand in goods and services.
<h3>Price determination</h3>
  • Market price is determined by the forces of demand and supply that is based on the ability and willingness of buyers and sellers to undertake selling and buying.
  • Buying and selling occurs at an equilibrium price that is agreed  upon by sellers and buyers.
<h3>Surplus and shortages in the market </h3>
  • When the supplier is higher than the demand then there will be surplus in the market and therefore the equilibrium price will fall until the demand increases.
  • When the demand in the market compared to the supply then there is shortage in the market and therefore the price will increase until the supply increases.

Keywords: Supply, demand, surplus and shortages in the market, equilibrium price

<h3>Learn more about; </h3>
  • Supply: brainly.com/question/8702937
  • Law of supply: brainly.com/question/8702937
  • Demand:brainly.com/question/8702937
  • Law of demand : brainly.com/question/8702937

Level; High school

Subject: Business

Topic: Demand and supply

Sub-topic: Equilibrium price

You might be interested in
Which location is mild ?<br> A.United kingdom<br> B.Russia
telo118 [61]

Answer:

i believe it is Russia

Explanation:

3 0
3 years ago
Read 2 more answers
What information are scientists gaining from human hair? how did isotopic analysis develop? how does isotopic analysis work? wha
pav-90 [236]

<span>1.   </span><span>The information scientists are getting from human hair is one single strand can inform you what you consume and drink in your diet. It can also enlighten you when and where the individual has been – geographic location.</span>

<span>
</span>

<span>2.   </span> It developed when a professor named Professor J. Ehleringer <span>from a university in Utah began puzzled what animals consume and drink and if they move over era. He then concludes that hair is like a tape recorder and it can demonstrate what an individual consumes, drinks, and where they were at that era.</span>

<span>
</span>

<span>3.   </span><span>An isotopic analysis works by getting oxygen and hydrogen. Their dissimilar isotopes are located in different clusters but it is depends on where the water comes from, then that mix gets put down in the tissues of the animals or humans that consume the water.</span>

<span>
</span>

<span>4.   </span>Through isotopic analysis, forensic scientists can recognize mutilated or weakened body; they can also recognize what is the history of his life.


<span>5.   </span><span>Forensic isotope analysis can help to identify a mutilated executed victim. </span>

4 0
2 years ago
The United States gained control of California New Mexico and Texas following what
Kryger [21]
They won the war and paid Mexico
7 0
3 years ago
According to Roman Catholic tradition, Peter was the first ____ of Rome
Softa [21]
He was the first pope.
3 0
2 years ago
When watching the news one night, you learn about a family with 5 Juilliard musicians. You want to learn more about their enviro
jeka57 [31]

Answer:

Case study.

Explanation:

A case study is simply research method that entails of a detailed account that contains useful information of a sad person or group in an organisation or a place. In a making a swift or correct case study, some steps and correct facts are needed to be known without mincing words which include, having a set number of people, knowing the person that is been researched on totally, tangible evidences etc. A formal research method is been carried out in the cause of a case study which are seen easily in formal research venues, as professional conferences, and journals rather than in popular works.

7 0
3 years ago
Other questions:
  • When drivers have no control over their driving environment and are stuck in traffic, the lack of control over the traffic event
    13·2 answers
  • Match the following items. 1. one who rules a country or colony by the authority of his king Puritans 2. claimed land in the Ohi
    6·2 answers
  • 2 questions... I WILL MARK BRAINLIEST
    5·2 answers
  • Which statement about the strategies used in this poster is false?
    10·2 answers
  • Define the term human resources​
    15·2 answers
  • The state of Florida is part of the 11th U.S. Circuit Court of Appeals, which is headquartered in Atlanta, Georgia. If someone l
    8·1 answer
  • Why are the most of the economic plans failed in Nepal? Illustrate in four points. i will give you 30 points plzz help​
    8·1 answer
  • What is one main feature of the free enterprise system?
    7·2 answers
  • How far can a<br>sailor see the horizon from the top of a 20 m mast?​
    5·1 answer
  • Explain how Spinoza reconciles the view that nature (including human beings) is completely determined and that human beings can
    8·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!