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
Alexus [3.1K]
2 years ago
7

More demand less supply increase the market price? justify ​

Social Studies
2 answers:
Fantom [35]2 years ago
8 0

Answer:

Increases in supply and demand pull the price in different directions. If demand increases more than supply does, we get an <em><u>increase of price</u></em>. If supply rises more than demand, we get a decrease in price. If they rise the same amount, the price stays the same.

frosja888 [35]2 years ago
7 0
If more people want something that isn’t widely available, the product has more value because there are not lots of products but there are lots of people who want the product. a producer could very easily jack up the price because he knows he has a few of what lots of people want.
You might be interested in
When do you feel you are more likely to make decisions rationally instead of emotionally?
max2010maxim [7]

Answer: When the mind is unbiased

Explanation: Making rational decisions requires one to be unbiased either as a result of religious, racial or gender influence. It also requires one to be in the right frame of mind at the time of making the decision. Emotional decisions could occur if one's judgment is influenced by religious, cultural or social inclination or sympathy towards a particular group. It could also stem from one's present state of mind at the time the judgment is passed, hence making one's judgment more of emotional than rational.

In other to make rational decisions one should be in the right frame of mind, free from external influences which could induce bias into one's decision.

6 0
3 years ago
How did the practice of dating develop in the US?
Ilia_Sergeevich [38]

Answer: It began when Ronald Regan invented it

Explanation:

7 0
2 years ago
Which statement would most likely be made by an opponent of affirmative
OleMash [197]

Among all the statements, the statement which would most likely be made by an opponent of affirmative action or positive action is that each person (regardless of caste, region, sex and colour) should be judged as an individual without taking anyone else into consideration.

The laws and policies supporting Affirmative Action seek to find ways to bring equality and opportunities, with the intention of correcting any disadvantage that people had in the past.

If someone doesn't agree with this initiative, they might consider that all should be evaluated without taking such measures of compensation.

4 0
3 years ago
Read 2 more answers
Why are land,capital,labor,and entrepreneurs important for a product?
horsena [70]

All of these are key factors in order to reach a competitive product. In order for a product to be competitive, it must have an affordable price, be sought on the market, and what is most important to the capitalist, and it generates profit. That is why the workforce is important, which generates surplus value and that is a part that generates profit. Land as well as physical assets are the source of raw materials, and capital allows them to be purchased. By investing in the purchase of resources, investments are made with the desire to increase. Entrepreneurs are here to connect everything so that with optimal investments, they buy resources at a good price, pay workers, not too much, but to be motivated to work. A successful entrepreneur connects all these factors so that the product obtained is just competitive and earns a profit.

6 0
3 years ago
Read 2 more answers
Match up the terminology in the left column to the definitions in the right column. desirability reconstructive psychological ev
zvonat [6]
The correct answer is D
3 0
3 years ago
Other questions:
  • Keynes was an avid believer in intervention to help solve economic issues
    14·1 answer
  • Andrea and mark are discussing a new member of their management team at work. "i've heard good things about jane," mark says. "s
    12·1 answer
  • Although most citizens have access to police protection, they also take measures, such as putting locks on their doors, to prote
    15·1 answer
  • Australia and the other nations of Oceania recognize that, due to their location, their economic success is STRONGLY linked to
    14·1 answer
  • Which of the following native civilizations were conquered by the Spaniards?
    9·1 answer
  • 3. The force of gravity on the surface of Mercury is much less than on Earth. A rock has a weight of 100 newtons on Earth What d
    11·2 answers
  • ¿Qué significa etimológicamente emoción?
    12·1 answer
  • What should I buy for my mother's birthday?​
    8·1 answer
  • System usually consist of one or more objects blan
    6·1 answer
  • The rise of the southern industry kept pace with the spread of cotton plantations across the south true or false
    13·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!