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The price of a commodity simply means the price of goods/stock/items.
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∙ 15y ago
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What is a commodity index used for?
A commodity index is something that tracks the price of different commodities. It often uses the average price of commodities, and is designed to encompass all types of commodities such as petrol and metals.
Does the price of commodities remain unchanged during the change in demand of those commodities?
Almost certainly not.
What is the bid an ask price in commodities?
"Ask" is the price sellers are asking for their commodity. "Bid" is the price buyers are willing to pay.
Why does meat very in price?
Supply and demand, like most other commodities.
How does the government inform and protect consumers?
the government can reduce the taxes on the commodities, it can also use price control that is price cealing
What is praise rise in essential commodities?
because if the price of the commodity increase then the demand will decrease
What is the price of silver on April 19 2008?
Silver was $17.68 an ounce, according to Engelhard Commodities.
Who determines the pricing of oil commodities?
Commodity traders determine the pricing of oil commodities. They bid on future contract, which are basically agreements to buy or sell oil at a certain date in the future for a price.
Why does elasticity of demand differ from other commodities?
Because it doest not relate to consumers its effects on change in price
Commodity brokers use forward and futures contracts for what reasons?
The seasonal nature of many commodities would lead to wide variation in supply and price without these contracts.
Commodity brokers use forward and futures contracts for which of the following reasons?
The seasonal nature of many commodities would lead to wide variations in supply and price without these contracts.The seasonal nature of many commodities would lead to wide variations in supply and price without these contracts.The seasonal nature of many commodities would lead to wide variations in supply and price without these contracts.(Apex)Rebecka Reyes was here :Dmyspace.com/darkemo14
What happens to the equilibrium price when supply goes down?
When supply goes down the equilibrium price tend also to fallcausing the price of commodities to fall and hence shortage of goods and services to the economy.
