the degree of change in demand or supply due to the change in its determinants

Q: supermarket chains market can be given as an example of what kind of markets, and why?

A: Supermarket chains are chains of similar kinds of products sellers like D-mart, I-mart ,Best price ,…

Q: Name the three cases when both the demand and supply increases at a certain period of time?

A: Generally in the given question The word supply means the ability of the consumers or the producer…

Q: How is Consumer demand for products quite different from demand in the business market?

A: Demand:-  Demand is an economic theory that refers to a person's inclination to buy a product or…

Q: How does the interaction of demand and supply keep a market in balance, at least approximately and…

A: Demand for a commodity is the desire backed by ability and willingness to pay the given price during…

Q: Describe how a shift of the demand or supply curve can affect equilibrium

A: The demand for a quantity (Qd) relies upon the quantity's price and also on multiple other factors…

Q: How are companies able to use the differences in culture to effectively market a product or service…

A: Numerous organizations focus their marketing efforts on one of a few portions(segments) of a…

Q: Does a change in producers’ technology lead to a movement along the supply curve or a shift in the…

A: Answer to the question is as follows :

Q: According to economic theory, the demand x for a quantity in a free market decreases as the price p…

A: Demand Equation is given as  x = 90000.3p + 1, where 10≤p≥70

Q: The introduction of new technology can affect the amount of supply a business will produce. Will it…

A: The supply schedule illustrates what the firms can produce at every price point and how much they…

Q: Car Manufacturer Scenario: Be specific and explain why you came to that conclusion using the…

A: Demand and Supply  Demand is the amount of a commodity that consumers are willing to purchase at…

Q: Define the principles essential for understanding the economizing problem, demand and supply, and…

A: Demand and supply are the essential elements of the market economy. Following principles are…

Q: Which of the following questions can be answered using the concepts of macroeconomics? Why does the…

A: Economics has two core branches, macroeconomics and microeconomics. Microeconomics is the study of…

Q: what is an example of existing demand

A: Existing demand for which a product is either unavailable or has not yet been developed. There are…

Q: Generally speaking, what must occur in order for demand to shift? Supply to shift?  How does the…

A: Answer: A shift in demand curve: A shift in the demand curve occurs when all the other factors…

Q: An increase in equilibrium price and a decrease in equilibrium quantity is most likely the result…

A: Answer according to the given question equilibrium price is the price where the supply of the total…

Q: How does a change in production technology impact supply, demand and equilibrium price?

A: Change in Technology helps improving the volume of production thus resulting in decreased cost of…

Q: D) What can cause a movement from Point C to Point D. Briefly explain your position. E) What can…

A: Production possibility frontier is a graphical representation which shows all possible combinations…

Q: Marshall sorted economic activity into different periods of time. From shortest to longest, sort the…

A: When making economic analysis of a market, Marshall classified different economic growth in two…

Q: Is there any graph that can show about the Malthusian Theory of the decreasing in supply food that…

A: The Malthusian argues that population increases at a geometric rate and food supply increase at an…

Q: Which market determinants deal to represent the effective demand? a. Demographic variables b.…

A: In a market, an individual's demand depends upon various factors, but effective demand is a specific…

Q: Demand in economics

A: Demand is one of the basic and important concept of economics.

Q: What if a t-shirt company ramped up production until there was a huge supply? What positive and…

A: A ramp up is a critical expansion in the degree of output of an organization's items or…

Q: when increase in demand in more than increase in supply, then eq

A: The equilibrium of any market is determined by the equality of demand and supply.

Q: Which of the following is NOT a determinant of demand? a. Consumers' incomes b. Expected changes in…

A: Demand is the quantity for which consumer are willing to pay for certain time and place .  And…

Q: A decrease in the productivity of a resource will decrease the demand for that resource.…

A: The demand for resource depends on its productivity. The productivity leads to rise in the demand…

Q: The cost of production of a good can increase, which will cause profits to decrease. Will it cause…

A: If the cost of production rises, then the supplier will face increasing costs for every unit of…

Q: One option for altering the pattern of demandis:

A: Demand pattern refers to the area in the supply chain management that analyzes the consumer and…

Q: The real world is dynamic. If so, why do agricultural economists continue to rely so heavily on…

A: Comparative statistics is defined as the comparison that is made between two outcomes. It studies…

Q: The following questions refer to the Planet Money podcast ”Kid Rock vs The Scalpers”. a. What is…

A: Product is the tangible good or intangible goods in the market where buyers and sellers are making a…

Q: What are factors that affect demand and supply?

A: Demand can be defined as the desire of the commodity backed with sufficient purchasing power and…

Q: Match the Determinants with the appropriate change in the market for chocolate. Price of a good…

A: Price of a good increases - No change in the supply or demand curve  Change in subsidies or taxes on…

Q: What affects the desirability of a​ product? Products become more desirable when   A. professional…

A: Answer - Need to find - The product becomes desirable when -   Evaluating the options - A.…

Q: The quantity of a certain commodity that is offered for sale at a certain price at a given place and…

A: The answer is - Quantity supplied or supply

Q: economist create a market demand schedule

A: A market demand schedule is a  tabular representation that is created by an economist to forecast…

Q: Which of the following are determinants of ? supply :Select one .a. income b. input prices c. tastes…

A: When consumer income rises (falls), or consumer tastes shift toward (away from) the good, or price…

Q: Explain the two main types of related goods according to demand and supply analysis.

A: If a good is valuable to people yet rare in relation to demand, human effort is necessary to obtain…

Q: Factors that influence demand and supply

A: Supply and demand, in economics, is relationship between the amount of goods that producers want to…

Q: Drag word(sS) below to fill in the blank(s) in the passage. uring the coronavirus pandemic,…

A: An economical model is a theoretical construct that represents an economic process in a simplified…

Q: Supply in economics

A: Demand and supply are frequently, if not always, linked in economics and finance. The law of supply…

Q: Write an essay on Market Forces in the Development of Cities.

A: Urbanization can be defined as the actual development of metropolitan regions because of rustic…

Q: Which of the following is NOT a determinant of supply? A. A change in technology. B. Consumer tastes…

A: A portion of the determinants of supply are innovation, the quantity of providers, assumption for…

Q: In the chapter it was discussed how prices are set in the real world. The simple fact is that…

A: Price is determined by the market forces but yes , you don't need to calculate it . It just happens…