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When disaster hits an area the cost of everything seems to go up immediately why is this a good thing using the laws of supply and demand?
Wiki User
∙ 13y ago
because it reflects our economy by our standers of price using the supply and demand curve we can judge how much supply we need and at what price to charge as a result of how much demand there is
Wiki User
∙ 13y ago
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Why do prises go up after a natural disaster or war?
Supply and demand.
When disasters hit an area the cost of everything seems to go up immediately food water housing gas and so forth why is this good a thing using the laws of supply and dem?
According to the free market, when the disaster hits, there is a disruption in supply and demand and thus, the equilibrium price increases: market is cleared and there is no excess in demand or supply. However, the negative side of this is that there would be poverty for people who can't afford this new price.
When disasters hit an area the cost of everything seems to go up immediately food water housing gas and so forth Explain why this phenomenon may be a good thing using the laws of supply and demand?
When disasters hit an area the cost of everything seems to go up immediately food ,water, housing, gas. Explain why this phenomenon may be a good thing in the used of supply and demand ?
When disaster hits why does the cost of food and gas go up supply and demand?
There is no way supply and demand affect disasters, they are natural things in nature while supply and demand are economic processes. Disasters can easily decrease the supply of something, which increases the price on that good.
Which factor influences buyer's behavior?
Everything. Personal Preferences., Displays, Supply and Demand, Everything
Which factor influence buyer's behavior?
Everything. Personal Preferences., Displays, Supply and Demand, Everything
In a disasters the cost of everything seems to go up?
Yes it does. Supply and demand
Demand rises and supply is constant?
No. If demand rises, then supply falls. Transveresly, if demand falls, then supply rises.
What happens if there is not enough supply for the demand?
If there is not enough supply for the demand, the demand won´t be able to buy the supply
Law of demand and supply?
Consumers is the law of supply and demand.
When will Fuel cells be mass produced for cars?
Only if the marketplace demands it. Like everything else, "Supply and Demand."
When disaster hits why does the cost of food and gas go up?
People attempt to hoard goods, reducing supply and increasing demand. The price therefore increases.
