| 单词 | adjustment, price and quantity |
| 释义 | adjustment, price and quantity The relative timing of price and quantity adjustments. In any market, if supply or demand conditions change, both price and quantity may need to adjust eventually. The timing of price and quantity changes, however, can vary. In some markets, a market-maker sets the price: for example, in normal retail shops the seller sets a price, and in the short run any change in demand results in changes in the quantity sold. If this leads to an accumulation of stock in excess of their normal level, this may in time to lead to price cuts. If the market-maker's stocks become inconveniently low, the price may be raised. In other markets, in the short run the quantity is fixed: this happens, for example, in fish markets, where price adjusts to clear the market. If the resulting price is low, this discourages supply as producers make losses; if the market-clearing price is high, the prospect of profits draws in additional supplies. |
| 随便看 |
|
英汉经管词典收录了3426条经济管理类英汉双解词条，基本涵盖了经济学、管理学、金融学、会计学、证券期货、商务活动等领域的常用英语单词及短语词组的翻译及用法，是学习及工作的有利工具。