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Q: Were people of the central Sahara also willing to pay a high price in gold for salt?
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People are willing to pay a higher price if they believe that supplies are .?

limited


How People are willing to pay a higher price if they believe that supplies are?

limited


What does a demand curve illustrate?

It mesans that people are more willing to buy things at a low price than a high price.


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Market price is the price at which a buyer is willing to buy and a seller is willing to sell.


What is a rationing devices?

it is when the price mechanism allocate products or services to people who willing to pay the most.


What is bid price and ask price in Stock?

The bid price is the price that someone is willing to pay for that stock, the ask price is what someone is willing to sell that stock for. If the stock is up to $1, for example, when you buy it the lowest someone is willing to sell it for could be $1.01, and someone else may be willing to buy it at $.99.


How will the economy decide who gets the goods?

Usually, the price system does this rationing in a market economy.People who are willing to pay more plunk down their money and they get the scarce goods. People who aren't willing to pay the market price don't get the goods.


What is bid and ask in foreign exchange?

The bid is the price that the buyers are willing to pay. The ask is the price that the sellers are willing to pay.


Why do people pirate software?

Maybe some think the price of a particular software is too high that they are not willing to pay.


How far were the people of the American Revolution willing to go with the revolution?

Some paid the ultimate price in defense of liberty.


How do you set a price for your product?

Depends. Either you try to determine how much people are willing to pay for it, and use that as the price, or you look at how much you need to get back not to be losing on the deal and you use that as a price. Your choice.


Does the price affect the quality of soil?

Not directly, but people are willing to pay more for better soil, so the price is more likely to rise on them then the not so great soils.