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What else can I help you with?
In what direction would the demand curve shift if an item is sold for a hundred dollars and it is usually only thirty dollars?
Downward.
How to markup 200 percent?
Treble (not double) the cost. Mark up is the increase ADDED to the cost. So, to an item costing 10 currency units, you need to ADD 200% of that - or 20 currency units. That makes the selling price 30 units.
How is the cost of interest similar to the price of any merchandise item?
The interest rate is such that the supply of money available to lend matches the demand for money to be borrowed.
What is the equation for buy one get one half off?
1) First, establish the cost of the item. (Say, two units of whatever.) 2) Divide that amount in half. (That would be one unit of whatever.) 3) Add the second part to the first part. (The sum becomes three units of whatever.)
What does backorder mean?
Backordered: This means that the company would normally have that item but it is not in stock (they don't have it on the shelf so they can't send it to you) but they have organized that the manufactorer will deliver certain amounts of that item to them on a regular basis, so when the next shipment arrives then the company will fill your order and send it to you.
When does the price of an item decrease?
When demand goes down, or when the company is producing too much and flooding the market.
What happens to the demand curve and demand of an item when it is free?
You simply move upward on the demand curve to where price is 0.Since this is the Law of Demand, there are no exceptions, even when an item is free.
When demand for an item decreases and the supply increases the price of the item will likely?
The price of the item will likely decrease - as there're more stock than demand for the product.
What is the purpose of the Law of Demand?
The "law of demand" is part of an economic equation that dictates the overall worth and value of a commodity. When an item is in high demand the price will increase, when the demand for an item decreases so will the price.
What is the supply and demand law?
The law of supply and demand states that when the demand for an item or service is greater than the supply of that item or service, the price goes up, but when the supply of an item or service is greater than the demand for that item or service, the price for that item or service goes down. That is why scalpers can sell tickets to the World Series for more than the original price, since there are more people who want to attend (demand)than there are tickets (supply).
What is law is supply and demand?
The law of supply and demand states that when the demand for an item or service is greater than the supply of that item or service, the price goes up, but when the supply of an item or service is greater than the demand for that item or service, the price for that item or service goes down. That is why scalpers can sell tickets to the World Series for more than the original price, since there are more people who want to attend (demand)than there are tickets (supply).
What is new and replacement demand?
If the purchase or acquisition of an item is meant as an addition to stock, it is new demand. It the purchase of an item is meant for maintaining the old stock of capital/ asset intact, it is replacement demand.
What is a demand driven?
Usually the prices of goods and services are demand driven. When the demand for an item is high its price usually goes up and similarly when the price of an item is low its price usually goes down.
An item's demand curve will be elastic when?
substitutes are unavailible
Is demand curve canbe upwardly sloping?
A demand curve can have an upwards slope. It solely depends on if the demand for an item is high or low.
What are consumer expectations?
Consumer Demand is how much of something that consumers are wanting. A company needs to know the consumer demand so they know how much of a product to make. Consumer demand is the amount of people that want a particular item. Lets say the supply is 100 items of something and only 10 people want it, not demand. If there is 100 of something and 200 people want it, that is demand.
What is a household item measured in cubic units?
soil
