Do you think that the increase in the price of rice also increases the income of the agri-farmers?

Q: what is the concept of demand

A: Meaning of Microeconomics: The term microeconomics refers to that situation under which the…

Q: Is sugar and tea Substitute goods?

A: In a market, two goods, which are related to each other, can be complements or substitutes of each…

Q: the average income in China continues to increase, explain how the following would change a. The…

A: Income elasticity of demand shows the responsiveness of quantity demanded with respect to change in…

Q: What impact on the market for beef will result from a decreases in the price of corn?     There…

A: Substitute goods refer to goods that can be substituted for one another. These are goods that serve…

Q: What will be the income when quantity is 104 and the price is 33

A: Initially in the given question, Quantity is = 104 Value of price = 33 Income = ?

Q: What is the difference between an increase in demand and an increase in quantity demanded.

A: Effective demand is a blend of the desire of consumers and the ability to pay for buying products…

Q: Identify two causes, apart from an increase in income, of an increase in demand for a product.

A: Demand for a product implies the desire of people to have a good supported by the willingness and…

Q: What is diminishing prices?

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

Q: Which of the following would cause a decrease in the equilibrium quantity, but an increase in the…

A: According to the Law of Demand and Supply more quantities of a commodity is demanded and less is…

Q: What is meant by a change in supply, and change in quantity supplied?

A: The idea of supply is used in economics to estimate the volume of a good or service produced by…

Q: Which of the following changes in the financial market will lead to an increase in the quantity of…

A:

Q: The graph is in the image What is the relationship between quantity supplied and price? A)Negative…

A: The demand curve depicts the relationship between price and quantity demanded The supply curve…

Q: A schedule which shows the various amounts of a product producers are willing and able to produce at…

A: Difference between demand and quantity demanded Demand - it refers to the quantity of a good that a…

Q: explain what is the difference between a “change in supply” and a “change in quantity supplied

A: A supply curve represents alternative price quantity combinations. At higher prices greater…

Q: What are the two main reasons why prices of goods increase?

A: The quantity of money, products, or services required to acquire a good or service is referred to as…

Q: Which of the following refers to the relationship between quantity supplied and price?…

A: The law of supply states that quantity supplied is directly related to price, so when price…

Q: Please calculate the equilibrium price and quantity

A: Demand curve represents the quantity that is demanded corresponding to different price level. As the…

Q: Market Demand. Determine the market demand and graph it.

A: The total amount desired for a particular item by all customers in a market is known as market…

Q: If the price of a product decreases, we would expect demand to increase.   quantity supplied to…

A: We know that there are two important laws in the market on which the whole market operates full stop…

Q: 9. What happens to quantity supplied as price falls? quantity supplied stays the same, but supply…

A: In a market, a supplier's decision is influenced by the market price because market price is the per…

Q: Explain the concept of changes in price and impact on changes in quantity demanded and quantity…

A: The concept of change in price and impact on quantity demanded and quantity supplied can be better…

Q: What is the quantity demanded and the quantity supplied of Chicken at a price of GHS 210? b. At…

A: A) At price = GHS 210 , quantity demanded = 28,000units and quantity supplied of Chicken =…

Q: Pamilya Dalisay is a big family. they love to eat beef adobo everyday. Four members of the family…

A: When number of consumers decreases, demand decreases, shifting demand curve to left. But quantity…

Q: What would cause an increase in quantity supplied?

A: The change in qty supplied is caused only due to change in price of that good i.e. Law of supply…

Q: The following events occur one at a time: (i) The price of crude oil rises. (ii) The price of a car…

A: The demand changes when there is change in factors other than its own price. The quantity demanded…

Q: The price of the commodity falls. What will happen to the quantity demanded and the quantity…

A: # according to the law of demand there exist a negative relationship between price and quantity…