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supply
What else can I help you with?
What do producers provided consumers?
good or services
What do consumers expect when they buy products and services?
When consumers buy goods and services, they expect them to be as good as the seller claims they are. They look for utility when they purchase the goods.
Does 4imprint offer printing services to consumers?
Yes, 4imprint offer printing services to consumers. They will give a good service for customers. Many promotion and reward will you get there when you be their customers.
Which groups of players use the good and services produced in the game of economics?
Consumers.
What is the amount of a good or service that consumers are willing to buy at a certain price?
supply
Supply is the quantity of good and services available for what?
demand
How will consumers react to the incentive of a higher price on a good or services?
The negative incentive will cause consumers to purchase less of a good or service if it is of lower quality
Is demand defined as the amount of a good or service that consumers are willing and able to buy at a price?
yes
How is production important in the provision of goods and services to consumers?
Production of goods is important for services and companies because companies must produce in mass what goods or services consumers will purchase. If customers do not wish to purchase a certain good or service, then it could cost a company mass amounts of money if they have produced it.
What best explains the law of demand?
As the price of a good decreases, the amount that consumers are willing to purchase increases.
What is the difference between cash and price?
Price is the amount consumers pay to acquire a good or service whereas cost is the amount used to produce a service or good. Cash is the money in your pocket.
How do consumers experience excess demand in the market?
Consumers experience excess demand in the market when the quantity of a good or service demanded by consumers exceeds the quantity supplied by producers. This can lead to shortages, higher prices, and competition among consumers for the limited available supply.
