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What will happen to the price of toothpaste if a shortage of tubes cuts the supply of toothpaste in half?
MartinFox
The price will rise, because demand will increase and since the supply is low the supplyers can increase the prices.
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∙ 14y ago
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What is one effect of price ceiling?
shortage of supply
What is one effect of a price ceiling?
A shortage of supply
What happen increase in demand and decrease in supply?
The price for the good increases
When the supply is less than demand there is a what?
If the supply is less than the demand, there will be a shortage and price increase.
What happens when supply is greater than demand?
The price declines until demand increases.
What is one effect of price ceiling?
shortage of supply
What is one effect of a price ceiling?
A shortage of supply
What happen increase in demand and decrease in supply?
The price for the good increases
When the supply is less than demand there is a?
If the supply is less than the demand, there will be a shortage and price increase.
when the supply is less than demanded there is a?
If the supply is less than the demand, there will be a shortage and price increase.
When the supply is less than demand there is a what?
If the supply is less than the demand, there will be a shortage and price increase.
What happens when supply is greater than demand?
The price declines until demand increases.
What would happen if suppliers charge less than the equilibrium price for your good or service?
producers would supply less than consumers would be willing to consume at that particular price. There would be SHORTAGE
A decrease in supply will cause an?
increase in equilibrium price and a decrease in equilibrium quantity, which leads to a shortage at the original price.
What are some advantages and disadvantages of price ceiling?
lowers the supply of good creates a shortage
How price adjustments eliminate a shortage?
The price will increase , Demand will decrease and Supply will increase until reach the equilibrium point
If demand and supply is limited but the demand is high how would the price be affected?
yes, because supply is limited and the demand is high then pretty much the price will be affected. since the shortage of supply, and high demand, then price will be high price and very expensive
