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Not if they want to sell it. It depends on how much someone wants it. There is always room for negotiations. You don't have to buy and if the price is too high, you won't. And if you can find it cheaper somewhere else, you aren't going to buy from them. The law of supply and demand is going to determine who gets to control the price. If there are thousands of the items in the market, they can't get a big price. If there is only one in existence the seller can pretty much get what they want for it, if anyone really wants it.
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∙ 12y ago
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When the price of a product rises and the total revenue of sellers increase?
You have an inelastic product.
How much control does monopolist have over pricing?
Total control, as there is no competition the monopoly vendor can ask any price they wish. That is why monopolies are bad for society and Governments have to intervene in the capitalistic market.
Is selling price and total variable cost the same?
Selling price = Total Cost (Total Variable cost + Total fixed cost) + profit margin
What is The Total Revenue Rule?
if a price cut decreases total revenue, demand is elastic. if a price cut decreases total revenue, demand is inelastic. if a price cut leaves total revenue unchanged, demand is unit elastic.
Is total cost always greater than total variable cost?
always
When the price of a product rises and the total revenue of sellers increase?
You have an inelastic product.
What the total price of 7.25 sales tax for the price of 22.50?
The total price is $24.13
Why would emotionally abusive boyfriend suddenly end the relationship when before he always got upset afterwards and wanted me back?
to control you. abusers want total control
How much control does monopolist have over pricing?
Total control, as there is no competition the monopoly vendor can ask any price they wish. That is why monopolies are bad for society and Governments have to intervene in the capitalistic market.
Did hitler have a great deal of control or total control?
Total control and yes
What kind of commission do sellers of used cars generally receive?
Most dealers pay you a 20%-35% commission on the GROSS profit (not the total sale of the car), which means that if the dealership was in the car $17,500, and the car sold for $20,000, they'd get 20% of the $2500 between the invoice price and the sale price = $500.
How do you figure total sell price after you have the total plus tax?
The total plus tax should be the total selling price!
What is the total price of 95 plus 6 percent?
The total price is 100.70
What is the total price of a 12.60 item when 0.075 is the tax?
The total tax is $0.94 and the total price with tax is $13.54.
How do you find price per unit?
Divide the total price by the total number of units.
What is the total cost if the price is 28.00 and the tax is 6 percent?
The total tax is $1.68 and the total price with tax is $29.68.
How do you figure out the total price with a 8.25 tax percent?
Total price = 108.25% = 108.25 / 100 = 1.0825 * pre tax price
