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causes a movement along the MRP curve:
-wage rate
causes a shift of the MRP curve:
-price of capital
-changes in productivity
-changes in the price of the firm's product
-demand for the product
What else can I help you with?
Who determines prices?
supply and demand
Who determines the demand of a product?
the consumer
What determines the prices of goods and services in the product market?
Supply and demand. Supply and demand determines the prices of goods and services in the market.
Who determines the demand for a good or service?
The consumer.
What determines the quantity of a good that sellers supply?
The demand of the consumer determines the quantity of goods a seller supplies. Supply and demand also affects market price.
Who determines what goods to produce in the economy?
It is the demand and supply which determines the goods and services to produce in the economy.
What determines the price of a stock?
the law of supply and demand
Importance of demand analysis?
Analysis of demand is a methodology under which we analyze the influences of the determinants of demand on demand itself. It is important because the demand determines the sustainability and expansion of business
What determines the incidence of a tax?
the elasticity of demand of the product taxed
What determines the incident of tax?
the elasticity of demand of the product taxed
What are the factors that can determines shift in demand?
Demand can be shaped by numerous factors. Economic circumstances can strengthen or weaken demand. Price and population are also strong demand shapers.
What determines the price of goods in a free enterprise system?
Supply and demand
