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If producers must extract oil from more costly wells what will happen to the price that you pay to fill your gas tank?
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Which of these statements refers to the law of supply?
producers will supply as the good price Producers will supply more of a product as the price goes up. A+
What is more positive connotation costly or extravagant?
Costly. "Extravagant" suggests that the object is not worth the price.
What would happen if suppliers charge less than the equilibrium price for your good or service?
producers would supply less than consumers would be willing to consume at that particular price. There would be SHORTAGE
When does market equilibrium happen?
At market equilibrium, the price and quantity demanded are at a point where they will not vary much. Consumers are unwilling to buy the good at a higher price. Producers are unwilling to produce anymore goods at the same price.
What word means the amount producers will make for a certain price?
Price
What word means the amount of producers will make for a certain price?
Price
What are the release dates for A Wholesale Bundle for a Costly Price - 2012?
A Wholesale Bundle for a Costly Price - 2012 was released on: USA: 1 June 2012 (Dances With Films Festival)
Are things in China costly in price or not?
Things in china are very costly. They are very rare so they sell for a lot of money.
What actors and actresses appeared in A Wholesale Bundle for a Costly Price - 2012?
The cast of A Wholesale Bundle for a Costly Price - 2012 includes: Danielle Artigo as Eiline Pete Gardner as Merty
A market informs producers and consumers through what?
price...
What is the price of border collie in India?
its extremely costly like 1,20,000
What are the advantages and disadvantages of price discrimination to consumers and producers?
An advantage to price discrimination to producers is that firms will be able to increase sales. A disadvantage to consumers is that it can cause things to cost more.
