shifting either the demand

Q: If the price of X decreases and this decreases the demand for Y, then

A: If the quantity demanded of a commodity decrease due to change in the price of another commodity is…

Q: Can the supply and the demand both shift?

A: Demand is the total volume of goods and services for which the customers are willing to purchase at…

Q: what happens when demand increases and what effect it has of supply

A: Demand and supply are the two marker forces that regulate the free market. Demand is the ability and…

Q: Create a Graphical Presentation of the Demand Curve and give Interpretations

A: Demand for the good refers to the quantity of the good which consumers want to purchase at different…

Q: effective demand

A: Demand shows the relationship between the price and quantity demanded of a commodity at a particular…

Q: Explain demand in easy language

A: Market costs are resolved through demand and supply. On the off chance that the demand for an item…

Q: Explain the two types of demand.

A: # Demand is closely related to the wants and the needs of the consumers in an economy. It is one of…

Q: Price elasticity of supply in the short run and long term

A: Price elasticity of supply is the responsiveness change in the quantity supplied of a product when…

Q: What does supply and demand determine in the home pricing market

A: Supply and demand are the basic concepts of microeconomics, market conditions depend on supply and…

Q: Problem Discuss what factors lead to inelastic demand and supply curves. Are they likely to be found…

A: Demand is something that gets affected by several factors. If the customer finds a similar kind of…

Q: How might advertising lead to a shift in the demand curve

A: Demand curve is a downward sloping curve that depicts the negative relationship between the price of…

Q: Define elasticity of demand and discuss its type with the help of examples

A: The elasticity of demand refers to the responsiveness of the quantity demanded for a good or service…

Q: How does the equilibrium price and quantity change when here are bad rumors about a product? Are…

A: Demand refers to the quantity of the commodity which the consumers demand at various prices in the…

Q: The dealer increase price of TV by 5 percent then quantity increase by 10 percent. find the…

A: Given values; The percentage change in price = 5 percent. The percentage change in quantity = 10…

Q: Difference between expansion of demand an increase in demand?

A: Expansion of demand and an increase in demand are two different concepts.

Q: what causes an increase in demand?

A: Demand is referred to be as the requirement or desire for a perticular good or service.

Q: A demand schedule shows what?

A: ‘Demand (DD) Curve’ is a line chart, frequently used in Economics to understand quantity…

Q: If some non-price level determinant causes total spending to decrease, what will the effect on…

A: In macroeconomics, economic fluctuations are generally studied using the concepts of aggregate…

Q: If demand is flat, then Select an answer and submit. For keyboard navigation, use the up/down arrow…

A: The correct answer is:a. an increase in price will reduce total revenue, indicating little pricing…

Q: A seller believes he is pricing optimally. Her current unit margin rate is 80 percent. What must the…

A: Price elasticity of demand is a measure of how sensitive the quantity demanded of a product or…

Q: Explanin the concept of Law of elasticity of demand.

A: The sensitivity of the quantity demanded for a given good to a change in the real income of the…

Q: Give a reason why food has an inelastic demand

A: Meaning of Price Elasticity of Demand: The price elasticity of demand refers to the situation…

Q: What is Supply demand?

A: The supply refers to the production done by the firms or manufacturers for earning revenue and…

Q: If two demand curve intersects, at their point of intersection which demand curve will be more…

A: # Demand curves are downward sloping signifying the law of demand.  Also the elasticity of demand…