In economics, supply and demand describes market relationsbetween prospective sellers and buyers of a good. The supply anddemand model determines price and quantity sold i…n a market.This model is fundamental in microeconomic analysis, and is used asa foundation for other economic models and theories. It predictsthat in a competitive market, price will function to equalize thequantity demanded by consumers, and the quantity supplied byproducers, resulting in an economic equilibrium of price andquantity. The model incorporates other factors changing equilibriumas a shift of demand and/or supply.
The price usually goes up. If lots of people want something, you have to pay more to get it.
Supply will decrease and the price will rise greatly.
Graphically, the Y axis is price and the X axis is quantity. The demand curve slopes downward, while the supply curve slopes upward. When quantity demanded exceeds quant…ity supplied the market is out of equilibrium. As a result, the price of goods increases, thereby decreasing the quantity demanded. This is characterized as a move up along the demand curve and not a shift. Changes in endogenous variables, ie price and quantity, are just movements along the curve.
supply or demand <3
If there is more demand than supply, the price tends to increase.
Supply increases and price increases
demand decreases and price will decrease.
When supply exceeds demand, it is known as a surplus. Surpluses only occur among rational producers and consumers if a regulatory price floor is in effect (that is, the govern…ment mandates that the price of the good or service in question not go below a certain level). If no such regulation is in place, the price of the good or service will lower to the point where supply and demand are equal to one another. If the price of the good is lowered, then demand will increase.
Supply and demand is an economics tool used graphically to demonstrate the relative effects on market price generated by the quantity of supply and the quantity of demand. Su…pply exceeding demand generally is shown, again graphically, to lower market price. On the other hand, demand exceeding demand generally results in a higher market price. Verbally, the supposition can be stated, "as supply increases, given that demand remains static, price will fall. as demand increases, while supply remains static, prices will rise. as supply decreases, while demand remains static, prices will rise. as demand decreases, while supply remains static, prices will fall.
supply will decrease and price will rise greatly
If Demand is one the increase, it means that people have surplus income to spare. This is good indicator of economic growth.
Typically, a shortage of the product/service will result with the resultant outcome being an increase in price.
In it's basic form, Supply meeting Demand to Set a Price is quite equitable.
Make or stock more but sell higher until supply meets demand, usually selling at a fair market price will cause higher volumes of sales because more can afford it. Conversely,… too much supply will cause you to sell for less until demand meets supply !