Sellers and buyers price reading fill in the blanks exercise 11

Sellers and buyers price reading fill in the blanks exercise 11

Sellers and buyers price reading fill in the blanks exercise 11

60. Exercise

fall reduce amount raised decreased market

The supply of a thing in the phrase “supply and demand ” is the amount that will be offered for sale at each of a series of prices; the demand is the amount that will be bought at each of a series of prices. The principles that value depends on supply and demand means that in the case of nearly every commodity more will be bought if the price is lowered less will be bought if the price is ……………….. Therefore sellers, if they wish to induce buyers to take more of a commodity than they are already doing must ……………..  its price; if they raise its price they will sell less. If there is a general falling of if in demand – due say, to trade depression- sellers will either have to reduce prices or put less on the …………….; they will not be able to sell the same …………………… at the same price. Similarly with supply. At a certain price a certain amount will be offered for sale,a t a higher price more will be offered,a t a lower price less. If consumers want more they must offer a higher price; if they want less, they will probably be able to force prices down. That is the first result of a change in demand or supply.


multi cultural society reading fill in the blanks exercise 10

Kashmiri houseboat owners reading fill in the blanks 9

Ricky ponting daily read aloud practice exercise 33

PTE Listening practice test 2 full listening practice

Highlight correct summary PTE listening module practice 1

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