If we observe the price of a good or service rising then the most likely cause is increase in demand or a temporary surplus?

2 answers:

6 0

The most likely cause is increase in demand because if more people want a good, companies are able to make the good more expensive.

erik [133]2 years ago

3 0

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)

You might be interested in

Bye guys thank you all for your support

Serga [27]

I dont know who you are but good luck and enjoy:)

8 0

2 years ago

ch4aika [34]

................................................

7 0

2 years ago

Which of the following is a synonym for context as it relates to poetry.

fiasKO [112]

Is there a screenshot to the poem or the choices? Nobody can help you with this answer unless you give more specific details…

5 0

1 year ago

What does development proceeds toward greater complexity self-regulation and symbolic and representational capacity mean

Art [367]

Development proceeds towards greater complexity-
A pervasive characteristic of development is that children's functioning becomes increasingly complex—in language, social interaction, physical movement, problem solving, and virtually every other domain.
Self regulation-
controlling one's behavior, emotions, and thoughts in the pursuit of long-term goals. More specifically, emotional self-regulation refers to the ability to manage disruptive emotions and impulses.
symbolic and representational capacity-
something visible that by association or convention represents something else that is invisible

i may have all this wrong i’m not sure what you’re studying or what lesson you’re in

3 0

2 years ago

Identify the values for the function y=cos 4(x-pi)

zvonat [6]

The values for the function y= cos 4(x-pi) are;

Amplitude = 1
Period = π/2
Horizontal (phase) shift = π
units Vertical shift = 0 units

<h3>Cosine functions and Properties</h3>

It follows from comparison with the traditional cosine function;

Amplitude is usually the coefficient of the cos function and hence is, 1 in this case.

The period, T from the function given is; T =π/2

The horizontal phase shift is obtained by comparison as; pi.

Ultimately, the vertical shift is 0 units as there's no y-intercept.