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What else can I help you with?
What quantity of goods or service that buyers are willing to purchase at various prices?
supply
What social scientist is most concern with analyzing the relationship between supply of and demand for goods and service?
an economist
What do you call in economic terms buying and selling of goods?
Demand and Supply. Demand= buying goods and services. Supply=selling goods and services.
Supply side economics of Ronald Reagan?
the supply of goods and service's would increase
Is characterized by the unregulated exchange of service and goods?
A free market is a market where prices are determined by supply and demand. Free markets contrast with controlled markets in which prices, supply or demand id directly controlled.
How Germany produced goods and service and why?
Germany goods and service are produced
What did the industrial revolution have on the supply of goods?
more goods were made
The phrase or term thats used to refer to the number of goods and services available to each person in an economy is?
Supply is the phrase or term that is used to refer to the number of goods and services available to each person in an economy. The goal is to balance the supply with the demand for the good or service.
What is the law of supply and how does it impact the market for goods and services?
The law of supply states that as the price of a good or service increases, the quantity supplied by producers also increases, and vice versa. This means that there is a direct relationship between price and quantity supplied. In the market for goods and services, the law of supply impacts the availability of products and services, as higher prices incentivize producers to supply more, leading to an increase in the quantity of goods and services available in the market. Conversely, lower prices may lead to a decrease in supply.
What is meant by the equilibrium price?
It is the price where demand equals supply in a competitive market.
Households pay firms for goods and services. Firms supply households with goods and services. The purchase and supply of goods and services takes place in the?
product market
Households pay firms for goods and services. Firms supply households with goods and services. The purchase and supply of goods and services takes place in the .?
product market
