Ask Question
BusinessBusiness
28 May, 23:53

The law of supply and demand asserts that

+5
Answers (1)
  1. 29 May, 00:01
    0
    The law of supply and demand asserts that the price of a good will tend to increase as a result of excessive demand for that particular good. Furthermore, the basic principle of the law of supply and demand states the supply will increase as the market price increases and at the same time, the demand increases when the market price decreases.
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “The law of supply and demand asserts that ...” in 📘 Business if you're in doubt about the correctness of the answers or there's no answer, then try to use the smart search and find answers to the similar questions.
Search for Other Answers
You Might be Interested in
Which of the following characteristics leads to an upward-sloping supply curve? Instructions: Click the box with a check mark for correct or click a second time to clear the box for incorrect.
Answers (1)
If a restaurant chain sells the use of its brand name to a Singaporean investor in exchange for a fee and a percentage of sales, the restaurant is entering a foreign market through exporting. True / False.
Answers (1)
The Business Auto Coverage Form is intended for which of the following businesses? Select all that apply. a. Owned private passenger autos b. Mobile equipment registered to drive on public roads c.
Answers (1)
Timothy Carter went out to eat with his girlfriend at a fancy restaurant. When he tried to pay the bill with his MasterCard credit card, he was told that the restaurant accepted only cash or American Express.
Answers (1)
Woodpecker Co. has $299,000 in accounts receivable on January 1. Budgeted sales for January are $939,000 Woodpecker Co. expects to sell 20% of its merchandise for cash.
Answers (1)
New Questions in Business
Phoenix Arizona had an average annual scorpion rate of about 3.1 times that of Tucson Arizona, if Phoenix has 25 per year, about how many does Tustin get? round to the nearest tenth.
Answers (1)
Hache Corporation uses the weighted-average method in its process costing system. The first processing department, the Welding Department, started the month with 17,850 units in its beginning work in process inventory that were 20% complete with
Answers (1)
Part i51 is used in one of pries corporation's products. the company makes 18,000 units of this part each year. the company's accounting department reports the following costs of producing the part at this level of activity:
Answers (1)
Reliable Gearing currently is all-equity-financed. It has 10,000 shares of equity outstanding, selling at $100 a share. The firm is considering a capital restructuring.
Answers (1)
Older adults who participated in 20 one-hour video game training sessions with the program lumosity showed reduction in their:
Answers (1)
Home » Business » The law of supply and demand asserts that
Sign Up Forgot Password?