Why expectation for future prices is one of the factors that can affect supply?

Q: what does it mean when we say price changes? in economics

A: Price refers to the value of goods and services in monetary terms. In general, a change in price…

Q: What causes the changing of data points in the initial demand curve?

A: Answer: Introduction: The demand curve shows the inverse relationship between the price of a good…

Q: Demand for a commodity refers to

A: Consumers are the people who create demand for a good in an economy. Producers are the people who…

Q: Consider the market demand for donuts. Complete the following table by indicating whether an event…

A: Event 1) Complementary goods are those goods that are consumed at the same time. If the price of one…

Q: State whether true or false # Bread is always a consumer good

A: --> As the name suggests, consumer goods are the goods which are bought to use by the consumers.…

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: Suppose one of your friends offered the following argument: a rightward shift in demand will cause…

A: According to the inverse demand function, an increase in price leads to an increase in demand. This…

Q: What is diminishing prices?

A: The law of diminishing price is a hypothesis in financial aspects that predicts that after some…

Q: How do I calculate new Qs for supply and demand?

A: A market demand schedule and market demand curve helps to determine the change in demand. A market…

Q: Evaluate the effect of changes in supply and demand on theequilibrium price and quantity.

A: Effect of changes in supply and demand on the equilibrium price and quantity : When demand…

Q: How will the market for melons be affected after Hurricane Dean?

A: Supply Shock: The term supply shock exhibits a rapid or sudden decline or a sudden increase in the…

Q: One of the goals of macroeconomics is to understand how the price of a particular good, such as blue…

A: GDP is the final value of goods and services produced in the economy within a given period of time.

Q: Consider the market gold, if people expect a lower future price of gold. Change in Demand Increase…

A: The demand shows the negative relationship between the price and the quantity demand. It is also…

Q: When prices are falling, economists say that there is

A: Price is defined as the amount of money which has to be paid in order to acquire a given product or…

Q: What events might prompt consumers to demand fewer goods at current prices?

A: To determine the events that may prompt consumers to demand fewer goods at current prices.

Q: KKTV 11 News wants to interview you, a leading economics expert in Colorado Springs, to learn why it…

A: The demand for both the greeting cards and roses increases on Valentine's Day as it is a trend to…

Q: Consider the market demand for donuts. Complete the following table by indicating whether an event…

A: Movement along demand curve: When a change in the price of the commodity causes changes in quantity…

Q: Discuss three different possible techniques which a company can use to forecast the demand for its…

A: Demand can be forecasted using past data, using models to predict that takes various components like…

Q: A demand schedule shows what?

A: ‘Demand (DD) Curve’ is a line chart, frequently used in Economics to understand quantity…

Q: Catalogue companies have the classic example of perfectly inflexible prices because once they print…

A: a. Inventories are the unsold goods. Increase in inventories means that quantity supply exceeds…

Q: what are the law of assumptions of demand?

A: Demand refers to any commodity or amount of any commodity for consumers who are generally willing to…

Q: What are the various factors which may influence the demand for intermediate goods like cables?…

A: Intermediate goods are those goods that are demanded not for their direct consumption, but it is…

Q: If consumers expect the price of a good to decrease in the future and all else is held constant, we…

A: Demand curve depicts the inverse relationship between price and quantity demanded, keeping other…

Q: Consider the market for minivans. For each of the events listed, identify which of the determinants…

A: (a)   If people decide to have more children, then the demand for minivans will increase because an…

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: Consider the market for gasoline. You expect prices of gasoline to increase next month. What happens…

A: When it is expected that price of a good increase in future, then today, suppliers have incentive to…

Q: Hi, can you explain why number 4 in the attached screen shot is answer B and not A? Why is supply…

A: We can calculate elasticity using the formula shown below.

Q: In recent months there has been an increase in the cost of construction materials. How will this…

A: Construction materials are the factors of production so an increase or decrease in their prices will…

Q: Discuss in brief the various techniques of demand forecasting.

A: Meaning of Economics: The term economics refers to the situation under which there remain…

Q: Why do high interest rates so adversely affect the demand for housing and yet have so little…

A: To determine why an increase in interest rates adversely affects the demand for houses and have so…

Q: What is the Initial demand?

A: Demand is an economic concept that refers to the desire of a customer to buy products and services,…

Q: What happens if the market is not in equilibrium?

A: A market is the collection of buyers and sellers in which they exchange goods and services in terms…

Q: what is the mechanism by which supply creates its own demand.

A: Demand is a desire to purchase commodities and a will purchase a commodity by  giving  price for a…

Q: What is an example of a change in relative price compared to a change in general price?

A: Relative price is the price of a good and service in terms of price of another good and service. In…

Q: Expectations about price changes will affect A) the demand curve only. B) both the…

A: Correct answer is option B) both the demand and supply curves.

Q: If the shopper would assume that the value of the glutathione will upsurge on the upcoming days, it…

A: The quantity demanded of the good refers to the amount of a good the consumers of the good are…

Q: How do changes in the interest and unemployment rates impact the supply curve?

A: Interest rate: - it is the percentage charge on the principal amount from a lender to a borrower.…

Q: Using the table, for each line item and its associated column, describe how the market for each…

A: Any change in market condition such as natural disaster, government regulations, consumer behavior,…

Q: Given a fixed demand curve, which of the following is affected when the price changes? a) income…

A: Answer: Explanation; The demand curve is the inverse relationship between quantity demanded and…

Q: Complete the following table by indicating whether an event will cause a movement along the supply…

A: The amount of a good that sellers are willing to sell in the market in a particular period and at…

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: If the future price of oil is expected to be lower than the current price both consumers and…

A: Demand refers the total amount of goods and services that are willing and able to buy at the…

Q: If television sellers expect the prices of televisions to fall in the future, we are likely to see…

A: When the future expectation of sellers is that the price of product will fall, they will try to sell…