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Essay

Changes in Supply and Demand

Essay specific features

 

Issue:

Business

 

Written by:

Vicky S

 

Date added:

November 3, 2013

 

Level:

University

 

Grade:

A

 

No of pages / words:

2 / 445

 

Was viewed:

8970 times

 

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Essay content:

When the demand is great the price will increase because increase demand may result in a scarcity of the product. Along with price other factors may affect the cost of a product. When the economy is good and individual's income levels are increasing then he or she may be willing to pay more for products he or she desires...
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New technological inventions can also be a catalyst for how supply and demand will be affected. The invention of new and innovative means of improving the production of a product can lead to a shift in the supply; therefore, the increase in supply will be evident. Likewise, slow technology growth or supplies in low numbers can lead to a decrease in supply...
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General issues of this essay:
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