How is the demand for pizza different from the demand for pizza cooks?

Q: what is the concept of demand

A: Meaning of Microeconomics: The term microeconomics refers to that situation under which the…

Q: Mr. Ali decided to buy some sandwich and burger for his family. As he found the price of sandwich is…

A: Given  Mr. Ali decided to buy some sandwich and burger for his family. As he found the price of…

Q: Decide if it is an increase (right shift) or a decrease (left shift) and write that next to the…

A: Ss(supply) curve is an upward sloping line which shows the direct relation between p(price) and…

Q: What does the law of demand predicts, other things being equal

A: Law of demand was given by Alfred Marshall.

Q: Decide if it is an increase (right shift) or a decrease (left shift) and write that next to the…

A: The supply curve shows the association between the price of commodity and quantity of the commodity…

Q: What is the demand curve? Why does it slope downward?

A: Demand curve: It is the depiction of the locus of different quantity demanded of a good at different…

Q: How is Consumer demand for products quite different from demand in the business market?

A: Demand:-  Demand is an economic theory that refers to a person's inclination to buy a product or…

Q: What is the difference between an increase in demand and an increase in quantity demanded.

A: Effective demand is a blend of the desire of consumers and the ability to pay for buying products…

Q: What are the results of “changes in price”? How does this differ from “changes in demand”?

A: The willingness of a consumer to purchase goods and services at a certain price is known as demand.

Q: Doesn't the demand curve shift as well?

A: When there is an increase or decrease in the demand for labor due to some reason other than the…

Q: Give an example of substitutes. What will happen to the demand for each of the price of one rises?

A: When talking about substitute goods, there are the products that cannot be consumed together as one…

Q: What is meant by a change in supply, and change in quantity supplied?

A: The idea of supply is used in economics to estimate the volume of a good or service produced by…

Q: What happens to the supply curve if quantity supplied falls

A: Supply curve is the notation of relationship between price and quantity supplied. It is positively…

Q: What is Demand curve?

A: Demand is a concept that refers to the desire of a consumer to buy services and goods and the…

Q: When the price of a haircut goes down, in what direction does the quantity supplied move on the…

A: Change in price will cause movement along the supply curve and it cause. expansion or contraction of…

Q: At a given quantity supplied, what does the supply curve show?

A: Supply refers to the complete amount of a particular product or service that is available to…

Q: Explain by graph the situation when the quantity demanded greater than the quantity supplied in the…

A: Market equilibrium is the situation when the quantity demanded is equal to the quantity supplied.…