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Buyers have finite resources so their spending on a given product or commodity is limited as well. Higher prices reduce the quantity demanded as a result. Demand rises as the product becomes more affordable.
Why is demand low when the price is high?
The price elasticity of a product may be caused by the presence of more affordable alternatives in the market, or it may mean the product is considered nonessential by consumers. Rising prices will reduce demand if consumers are able to find substitutions.
Why is the demand at $80 lower than it is at $10?
Fewer people would buy the product one the product is too expensive. Law of demand states that the higher the price, the lower the quantity demanded.
What happens to the demand when the price increases from $10 to $25?
As the price rises from $10 to $25, less is being purchased. There are 100 fewer units being demanded overall.
Can you make money from worksheets?
Selling worksheets can be a profitable business, and it will depend on several factors such as the quality and design of your worksheets, the demand for the subjects or topics that youre creating the worksheets for, as well as your marketing and pricing strategies.
demand worksheet
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