Demand is defined as an economic term that refers to a customer's ability to purchase goods and services and the ability to pay a premium for a given commodity or service....
1 Answers 1 viewsWith introduction of calculator, the demand for the slide rule decreased and demand curve for slide rules shifted left.
1 Answers 1 viewsIf there is decrease in price of computers, then the demand for complement software will increase. This is inverse relationship.
1 Answers 1 viewsIncrease
1 Answers 1 views18) A “decrease in number of consumers” decrease the Demand for all goods. This is a direct relationship.
1 Answers 1 views19) Elastic Demand - a change in price cause a (smaller/larger) change in QD.20) Inelastic Demand- a change in price causes a (smaller/larger) change in QD.
1 Answers 1 views23) Total revenue increase if an elastic product's price decreases.24) Total revenue decrease if an inelastic product's price decreases.
1 Answers 1 views29) A decrease in price of IFuzzy iWuzzys will result in an increase in QD.30) A decrease in income will cause an decrease in D for spam.
1 Answers 1 views34) An increase in the price of Flip Video Camcorders will decrease QD.35) A decrease in taste for iPhones will cause an increase in D.
1 Answers 1 viewsIf economists announce that unemployment rate will increase over the next six months, then the demand for new homes will decrease.This change is caused by the expectations of possible decrease...
1 Answers 1 views