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What is the likely effect of this high demand on gasoline prices?
The Price of the gasoline with increase : D
Why does s government sometimes ration a good?
Because there is a shortage of that good. Meaning the quantity demand surpasses the quantity supplied at the price offered... The demand is too high.
Current price of gas in Toronto Canada in US dollars?
As of June 2014, the price for gas in Toronto, Canada in US dollars is $1.26 per liter. The price per gallon would be equivalent to $4.76 USD.
What is the price per acre in 1850?
Treaty of Guadalupe Hidalgo current price: $382,920,000Gadsden Purchasecurrent price: $236,370,370The United States paid $1.14 per acre in the Treaty of Guadalupe Hidalgo and $12.45 per acre for the Gadsden Purchase.
What is meant by the term price discrimination?
Price discrimination exists when the same product is sold at different prices to different buyers. The cost of production is either same, or it differs but not as much as the difference in the charged prices. The necessary conditions, which must be fulfilled for the implementation of price discrimination are the following:The maket must be divided into sub-markets with different price elasticities.There must be effective separation of the sub-markets, so that no reselling can take place from a low-price market to a high-price market.
How is the future price related to current demand?
if the price is expected to drop, current demand will fall.
How is current demand related to the future price of a good?
If the price is expected to drop, current demand will fall.
How is the current demand for a good related to is future price?
If the price is expected to drop, current demand will fall.
How is future related to current demand?
if the price is expected to rise,current demand will rise.
How is the current demand for a good related to its future prices?
If the price is expected to drop, current demand will fall.
How does future price affect the current demand?
If future price I higher than current price, demand will rise, people will purchase more of that product today instead of waiting for price to rise. While if the price in the future is going to be lowered consumers will wait until the price is dropped to purchase.
What is change in increase in demand?
Expectations of price change a news report predicting higher prices in in the future can increase the current demand as customers increase the quantity
Expectation of future changes in price?
the higher the expected future price of product, the higher the current demand for that product and vice versa. for example, when government plans to increase the price of sugar the following week, the demand for sugar will immediatelly increase because consumer want to store for future use because of the expected higher price. if consumer expect the price cars to fall next year, the present demand for cars this year will decrease since consumer will wait for the price to fall.
What is price of related goods in demand?
Price of related goods in demand means prices of substitute goods and complementary goods.
Define price expectation elasticity of demand?
Expectation elasticity of demand mean if in future the price will rise then in present the demand of that comm. will fall i.e elasticity will be +ve.. n vice versa..., RELATIONSHIP OF EXPECTION OF PRESE WITH THAT COMMODITY Expectations about future price rise or fall is directly related with present or a recent demand i.e if prise rise in future, the demand will rise 4 that comm. n vise versa....
How will future expectations will affect demand?
it will happen by price changing.
Which is not considered to be a determinant of the price elasticity of demand for a particular good?
Expectations of the future price
