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When you say that money can be used as a store of value you mean A buyers and sellers are both willing to accept its worth B it will keep its worth over time C it can be used to measure the worth of?
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When buyers will purchase exactly as much as sellers are willing to sell what is the condition that has been reached?
When buyers will purchase exactly as much as sellers are willing to sell, Equilibrium has been reached.
What condition has been reached if buyers purchase exactly as much as sellers are willing to sell?
equilibrium
Why market prices are better than government determined prices?
Market prices tend to an equilibrium where buyers' demand for the good is worth less than the sellers' cost of supplying the good. Put another way, buyers are willing to pay less than the amount producers are willing to accept. Government sets its prices above or below this point. If the price is above the equilibrium buyers will demand less than producers supply. On the other hand, if price is below the equilibrium sellers will supply less than buyers demand.
What is the bid an ask price in commodities?
"Ask" is the price sellers are asking for their commodity. "Bid" is the price buyers are willing to pay.
Why there is a large number of sellers and buyers in monopolistic competition?
large numbers of buyers and sellers
When buyers will purchase exactly as much as sellers are willing to sell what is the condition that has been reached?
When buyers will purchase exactly as much as sellers are willing to sell, Equilibrium has been reached.
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.
What condition has been reached if buyers purchase exactly as much as sellers are willing to sell?
equilibrium
Why market prices are better than government determined prices?
Market prices tend to an equilibrium where buyers' demand for the good is worth less than the sellers' cost of supplying the good. Put another way, buyers are willing to pay less than the amount producers are willing to accept. Government sets its prices above or below this point. If the price is above the equilibrium buyers will demand less than producers supply. On the other hand, if price is below the equilibrium sellers will supply less than buyers demand.
Where is the market located?
market is not a place, its a situation. when tere is a buyer with willingness and capablity and sellers willing to sell that is market,but both buyers and sellers has to be more then one
What is the bid an ask price in commodities?
"Ask" is the price sellers are asking for their commodity. "Bid" is the price buyers are willing to pay.
Why there is a large number of sellers and buyers in monopolistic competition?
large numbers of buyers and sellers
Which of the following best describes the concept of equilibrium price?
A. Sellers are happy with the price, but buyers are unhappy with the quantity. B. Sellers are unhappy with the price, but buyers are happy with the quantity. C. Both sellers and buyers are unhappy with the price and quantity. D. Both sellers and buyers are happy with the price and quantity.
What does marketable mean?
Where buyers and sellers meet to exchange goods and services
An economy in which the buyers and sellers determaine what goods are produced is called?
A Free Market is where buyers and sellers determine what goods or produced.
Numbers of sellers in a market?
perferct competition are a large number of buyers and sellers.
What determines how the burden of a tax is divided between buyers and sellers?
The burden of tax is divided between buyers and sellers by the forces of supply and demand.
