Supply and Demand Effects farmers in various ways:
- Demand Increase: Price increases, Quantity increases.
- Supply Increase: Price decreases, Quantity increases.
- Demand Decrease: Price decreases, Quantity decreases.
- Supply Decrease: Price increases, Quantity decreases.
<u>Explanation:</u>
Supply and demand, as well as market prices, will rise and fall until they achieve a balance, which is called market equilibrium. As a response to decline the sales, farmers will have to lower the prices until the demand for product increases.
If a farmer set a price which is too high, thus the demand will decrease. If the market price is high, the interest of producers for a certain product or service will increase.
Hello there.
<span>How did the slave trade of the eighteenth and nineteenth centuries aid the Industrial Revolution in Britain?
</span><span>Slaves helped to increase the demand for manufactured goods, making them more profitable.
</span>
Answer:
By 1913, the British Empire held sway over a population of about 458 million people, approximately one-quarter of the world'spopulation. It covered about 36.6 million km² (14.2 million square miles), about a quarter of Earth's total land area.
Answer:
it's called Rio Grande del Norte (it's also the 5th longest river in North America and ranking 20th for the longest river in the world)
hope that helps!!
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