![]() | |
| SEARCH: |
| TheSpringGarden Plants & trees, gardening products & equiptment, homedecor | SunglassEyeglasses All stunning brand names sunglasses at the great prices | DIYHomeSupplies Do it yourself woodworking projects & home remodeling supplies | UnitedPlus Gift Ideas. Diecasts, Figurines, American Heroes, and much more |
| CarPartsAccessoriesEtc Search and shop for auto parts & accessories online. Simple & Convenient | Sewing Machines Top notch sewing machines, vacuums, and appliances. For home or commercial. | Patio & Landscape Ready for family united BBQ in the summer? A Large selection of outdoor furnitures | FontsWorld Looking for those cool fonts? Here, variety of all around the world fonts. Free Download. |
| |||
| Economics help: supply and demand? I'm in an introductory economics course, and I'm having trouble understanding supply and demand with regard to imports and exports. I have two specific questions that I am especially having trouble grasping: 1.) If there is an inward shift in domesic demand for a good that is exported, what will happen to the total amount of the good that is produced by domestic producers? (will it decrease, increase, remain the same...) AND 2.) If there is an inward shift in domestic supply for a good that is imported, what will happen to the total amount of the good that is consumed domestically? (will it decrease, increase, remain the same...) I appreciate any help that you can give me! Thank you! |
| |||
| Demand refers to how much (quantity) of a product or service is desired by buyers. The quantity demanded is the amount of a product people are willing to buy at a certain price; the relationship between price and quantity demanded is known as the demand relationship. Supply represents how much the market can offer. The quantity supplied refers to the amount of a certain good producers are willing to supply when receiving a certain price. The correlation between price and how much of a good or service is supplied to the market is known as the supply relationship. Price, therefore, is a reflection of supply and demand. |
| |||
| Demand refers to how much (quantity) of a product or service is desired by buyers. The quantity demanded is the amount of a product people are willing to buy at a certain price; the relationship between price and quantity demanded is known as the demand relationship. Supply represents how much the market can offer. The quantity supplied refers to the amount of a certain good producers are willing to supply when receiving a certain price. The correlation between price and how much of a good or service is supplied to the market is known as the supply relationship. Price, therefore, is a reflection of supply and demand. |
| Bookmarks |
| Thread Tools | |
| Display Modes | |
|
|
| | ||||
| Thread | Thread Starter | Forum | Replies | Last Post |
| Economics homework help: supply and demand? | firefly | Economics | 0 | 03-27-2008 01:53 PM |
| Economics using supply/demand/prices to explain headlines? | pooky28 | Economics | 1 | 03-04-2008 05:16 PM |
| Economics Aggregate Demand/Aggregate Supply Question!? | SabresFan30 | Economics | 0 | 02-27-2008 05:13 PM |
| Economics Questions on elasticity of supply and demand...anyone help? | pumpkinz | Economics | 0 | 02-24-2008 06:01 PM |
| economics...demand and supply? | huey | Economics | 0 | 02-23-2008 08:25 PM |