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What else can I help you with?
What is the use of graphs in daily life?
TO shows the flunctuation of prices and sales. They are also used to count how many people like a particular thing. All of this shows that graphs are important.
What is an everyday situation between variables that is not a function?
The price of a house is not a function of the lot size because house on the same lot size can sell go many different prices
Is the price of a one year subscription to your favorite magazine a function of the age of the subscriber?
No; subscribers of a specific age (domain value) may pay different subscription prices (range values).
How do you use the word graph in sentence?
Graph can be used in a variety of sentences that make sense, say like, "When you want to graph prices at a store monthly or yearly, use a line graph."
Is the price of a one-year subscription to your favorite magazine a function of the age of the subscriber?
No, subscribers of a specific age (domain value) may pay different subscription prices (range values)
What occurs when there's less money in circulation there are plenty of goods but no demand so prices drop?
This is formally known as a deflationary depression. The Great Depression of 1929 was of that type.
How is today's gold prices increase or decrease?
as with any product, prices will fluctuate with demand and supply. if the demand increases or supply is reduced, prices will rise. if demand falls or there surplus supply, the opposite also occurs.
When the government prevents prices from adjusting naturally to supply and demand?
Government regulation occurs when the government prevents prices from adjusting naturally to supply and demand.
If supply exceeds demand for a product what economic explanation occurs?
prices decrease
Why doesn't demand equal marginal revenue in a monopoly and how come this discrepancy occurs?
In a monopoly, demand does not equal marginal revenue because the monopoly firm has the power to set prices higher than the marginal revenue. This discrepancy occurs because the monopoly has control over the market and can influence prices to maximize profits, unlike in a competitive market where prices are determined by supply and demand forces.
What kind of relationship does demand have with prices?
the relationship demand has with prices is that when the demand for a product is high the prices go high as well, like gas and food....
What does an increase in supply of an item usually mean for a consumer?
lots of supply and low demand = lower prices lots of demand and low supply = higher prices demand and supply high = normal prices demand and supply low = normal prices
Explain the process of supply and demand and how prices rise and fall?
Prices will fall when the demand is much lower than the supply. When the supply is lower, there is greater demand, therefore, the prices will rise.
How are prices determined in a well functioning economy?
By simple supply and demand theory. The more demand, or the less supply, will lead to higher prices. The less demand, or more supply, will lead to lower prices.
How does the relationship between demand and supply impact market equilibrium?
The relationship between demand and supply impacts market equilibrium by determining the price and quantity at which they are in balance. When demand exceeds supply, prices tend to rise, leading to a surplus. Conversely, when supply exceeds demand, prices tend to fall, leading to a shortage. Market equilibrium occurs when the quantity demanded equals the quantity supplied, resulting in a stable price.
How does the interaction between supply and demand determine prices in a market?
The interaction between supply and demand in a market determines prices. When demand for a product is high and supply is low, prices tend to increase. Conversely, when supply is high and demand is low, prices tend to decrease. This balance between supply and demand helps establish the market price for a product or service.
How may changes in prices affect the demand for a good?
Price and demand of a good have inverse relationship. An increase in the prices of a good will lead to fall in the demand of a good and viceversa.
