What would you expect to be the impact of an event such as a forecast of a major storm on demand for storm-related supplies?.

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08-11-2022
Business

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What would you expect to be the impact of an event such as a forecast of a major storm on demand for storm-related supplies?.

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ahmadfardeen571 ahmadfardeen571 · Answer 1 · 2022-11-15T01:09:19-05:00

A shift in the demand curve to the right will be the impact of an event such as a forecast of a major storm on demand for storm-related supplies.

As we can see in the demand graph, there's an inverse relationship between price and amount demanded. Economists call this the regulation of call for.

If the charge is going up, the quantity demanded is going down (but the call for itself stays identical). If the rate decreases, the amount demanded increases.

Economists define demand as the amount of an amazing or provider that shoppers are inclined and in a position to shop for in any respect viable fees in the course of a certain term.

The word that there are two additives to demand: willingness to purchase and potential to pay.

Learn more about demand curve here: https://brainly.com/question/16790743

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