Economics

posted by .

How does productivity affect supply?

This isn't a homework question I'm just curious, because I was reading about supply and demand off of google but I did't understand how productivity affected supply.

  • Social Studies -

    Can someone please help me.

  • ????Can anyone help me??? -

    I really want to know how productivity affects supply.

  • Economics -

    If productivity is "up" that means there is a much greater supply. It goes back to the old adage "supply and demand." If the supply is great but the demand is not, it will be hard to sell everything and the price drops. If the supply is short, or there is not much of a supply, and the demand is great, there will not be enough for those who wish to purchase it and then the price goes up.

    Sra

Respond to this Question

First Name
School Subject
Your Answer

Similar Questions

  1. ECONOMICS

    Need examples of topics dealing with 2 Economic Concepts.... Meaning .. Like Gas prices .. deals with supply and demand along with goods and services. Which two economic concepts?
  2. economics

    in the simple economics of a competitive market price increase under which condition: a)demand is constant.supply decline. b)demand decreases.supply increases. c)demand ans supply rise concomitantly.
  3. economics

    in the simple economics of a competitive market price increases under which condition: a) demand is constant. supply declines b) demand decreases. supply increases c) demand and supply rise concomitantly d) demand and supply decline …
  4. Economics: Market Equilibrium

    Question: The market for shoes in 1997. Between 1997 and 1998, the equilibrium price of shoes remained constant, but the equilibrium quantity of shoes decreased. From this, you can conclude that between 1997 and 1998, the supply of …
  5. Mircoeconomics: Elasticity

    Please help! I have a mid-term test in a couple of minutes... -------------- If the demand for some good fluctuates, but supply is constant, then which of the following combinations would generally yield the greatest quantity fluctuations?
  6. Economics

    Could you please check these thanks. Directions: Supply can decrease and increase depending upon several factors. Also you must put if that factor increase/decreases amount of supply, if the supply curves to the left/right, and if …
  7. Economics

    Could you please check these. Directions: Match each statement with it's correct definition or item. Here are the words productivity subsidy supply schedule supply elastic surplus profit price floor government regulations equilibrium …
  8. Macroeconomic

    The idea that creating incentives for individuals and firms to increase productivity leading to an increase in the long-run aggregate supply curve is a. the Ricardian equivalence theorem. b. demand-side economics. c. consistent with …
  9. Microeconomics

    I am having a hard time answering these questions. I just need them explained to me so that I really understand them, when I get ready to take my test. 1. How do changes in demand/supply affect prices?
  10. Economics

    Will a tax on oil production affect the supply or the demand for gasoline?

More Similar Questions