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What else can I help you with?
Is the absolute price of a good is the price of that good in terms of another good?
No, the absolute price of a good refers to its price expressed in a specific currency, such as dollars or euros. In contrast, the relative price of a good is its price in terms of another good, representing the opportunity cost of choosing one good over another. Thus, absolute price and relative price are distinct concepts in economics.
What causes a shortage of a good - a price ceiling or a price floor?
if, at a current price there is a shortage of a good
What is a good price for a black power pistol?
30.00 is a good price
where ca I get a good price on TV's?
you can get a good price on TV's in amazon.
Price of substitutes and complements vs price of commodities?
Relationship of good price to price of substitutes and complements: 1) Substitutes: as the price of substitutes for a good falls, the price of a good must fall in order to maintain demand. 2) Complements: as the price of complements falls, the price of a good can increase and still maintain the same level of demand.
A legal maximum price at which a good can be sold is a price?
A legal maximum price at which a good can be sold is a price ceiling. It is set by the government to protect consumers from high prices, but it can lead to shortages and reduce incentives for producers to supply the good.
What is a good price for a v705 camera?
A good price depends on your opinion of a good price. You should always decide what you have the money for if you are purchasing the item of the camera.
If the price of a good is zero is it a scarce good?
No. The more rare a good, and the more demand, the higher the price will be.
What is a bidding price?
A bidding price is a price offered by a buyer/bidder when he buys a good, such as at an auction.
What is the importance of price in the production of goods?
The price in the production of goods determines if the country will import or export the good. If the country's price is above the world price, it will import the good because it will be cheaper for them to buy it than to make it. If the country's price is below the world price, it will export the good because it can produce the good at a lower price than the rest of the world.
Will the supply of a good be more elastic if the price of the good increases?
Yes, the supply of a good will be more elastic if the price of the good increases.
What happens when demand for a good increase but it's supply decrease?
The price for the good increases
