When there is more supply than demand, there is commonly a drop in price of the product in an effort to increase the demand and achieve the equilibrium between supply and demand once again. Supply and demand are like a see-saw. As supply goes down, demand goes up; as demand goes up, supply goes down.
When the supply goes down, the price goes up because there is a shortage and there are less to be sold. When supply goes up on account of high prices, the price goes down because there is a surplus. If the demand goes up, the price goes up because people will pay more for it than usual. If the demand goes down due to the increased price, the price goes down.
Yes, since supply is reduced. Law of supply & demand.
The ratio between the demand and the supply of a commodity goes up when the supply diminishes or the price is increased.
supply and demand. if the supply is up, the price is down. if the demand is up, the price goes up. Addition... It is also based on the value of the currency being used to purchase the thing. When the value of the currency goes down, the price goes up.
When there is more supply than demand, there is commonly a drop in price of the product in an effort to increase the demand and achieve the equilibrium between supply and demand once again. Supply and demand are like a see-saw. As supply goes down, demand goes up; as demand goes up, supply goes down.
When there is more supply than demand, there is commonly a drop in price of the product in an effort to increase the demand and achieve the equilibrium between supply and demand once again. Supply and demand are like a see-saw. As supply goes down, demand goes up; as demand goes up, supply goes down.
When supply increases and demand decreases, the price goes down. When supply goes up and demand stays the same, price also goes down. When demand goes up and supply either stays the same or decreases, then the price goes up
I take it you mean what is the relationship of supply and demand. As the supply goes up the price will come down. As the demand goes up the price will go up. If the supply and demand are in balance the price will stay the same.
When the supply goes down, the price goes up because there is a shortage and there are less to be sold. When supply goes up on account of high prices, the price goes down because there is a surplus. If the demand goes up, the price goes up because people will pay more for it than usual. If the demand goes down due to the increased price, the price goes down.
When the demand of a product increases, so will the supply. Manufacturers will produce more of the product in order to get more money.
Yes, since supply is reduced. Law of supply & demand.
The ratio between the demand and the supply of a commodity goes up when the supply diminishes or the price is increased.
supply and demand. if the supply is up, the price is down. if the demand is up, the price goes up. Addition... It is also based on the value of the currency being used to purchase the thing. When the value of the currency goes down, the price goes up.
Demand and cost are inversely related, i.e., as the cost goes up, the demand goes down, and as cost goes down, demand goes up. So any two cost-demand curves are are inversely related constitute a perfect elastic supply curve.
Supply and demand. When the supply is low the price usually goes up.
Price is tied to supply in demand. If there is a short supply and big demand, price goes up. If there is a short supply and low demand, price will remain steady. If supply is high and demand small, price will go down.