Maths

posted by .

What does a business having a "high world demand" mean?
So with this high demand what are the benefits of this?

  • Economics -

    Sorry I meant Economics

  • Economics -

    A high world demand means that the commodity is valued by many people around the world. (Think gasoline or cell phones.)

    A business sells more of the product if there's a high demand for it.

Respond to this Question

First Name
School Subject
Your Answer

Similar Questions

  1. supply and demand

    -what happens if a shortage of a product currently exists in the market?
  2. ECONOMICS

    The demand for high-skilled workers is greater than the demand for low-skilled workers because A. the MRP curve of high-skilled workers lies to the right of the MRP curve of low-skilled workers B. high-skilled workers have a larger …
  3. Economics

    Could you please check these thanks. Directions match each item with the correct statement. Not all terms are USED. Here are the words to fill in the blanks. business planning demand curve complements elastic demand expensive goods …
  4. Math Application

    World grain demand. Freeport McMoRan projects that in 2010 world grain supply will be 1.8 trillion metric tons and the supply will be only 3/4 of world grain demand. What will world grain demand be in 2010?
  5. algebra

    world grain demand.freeport mcmoran projectsthat in 2010 world grain supply willbe 1.8trillion metric tonsand the supply will be only3/4 world garin demand. what will world grain demand be 2010
  6. History

    Following World War II, what factors led to Japan's economic success?
  7. Help math plz

    A firm is deciding whether or not to place a product on the market. They envisage three posible market reactions: high demand, moderate demand, and low demand. If demand is strong they expect to sell 200,000 a month of the good; moderate …
  8. Calc

    The demand for a commodity generally decreases as the price is raised. Suppose that the demand for oil (per capita per year) is D(p)=800/p barrels, where p is the price per barrel in dollars. Find the demand when p=55. Estimate the …
  9. Math

    The demand for a commodity generally decreases as the price is raised. Suppose that the demand for oil (per capita per year) is D(p)=800/p barrels, where p is the price per barrel in dollars. Find the demand when p=55. Estimate the …
  10. Business Math

    3.) The demand equation for a certain product is q=500-40p+p^2 here p is the price per unit (in dollars) and q is the quantity of units demanded (in thousands). Find the point elasticity of demand when p = 15. If this price of 15 is …

More Similar Questions