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How do supply and demand determine the value and quality of goods and services?
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What do you call in economic terms buying and selling of goods?
Demand and Supply. Demand= buying goods and services. Supply=selling goods and services.
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.
What is needed to determine equilibrium price of a good or a service?
a supply curve and a demand curveA supply curve and a demand curve.
Who dictates the price of goods and services in the market?
In terms of basic economic theory, one idea is that the market itself will determine the price of the goods and services. The laws of supply and demand will allow the marketplace to determine pricing. How does that work? Glad you asked. Let's look at the most fundamental ideas and create a picture.A supplier or suppliers will set a price and promote their goods/services. Consumers will buy them as they want/need them. If the demand is strong and supply stays the same, price will creep up. If buyers don't demand a lot but supply remains high, prices will edge down. Should demand creep up and supply rise faster than demand, prices may edge down. Should supply slip but demand remain high or rise, price will edge up. With these ideas in place, just think about the process and it will make sense.Suppliers and consumers will compete with each other and with themselves to "adjust" prices in the marketplace. Prices will vary a bit around an "equilibrium point" of sorts based on supply and demand. The bottom line remains that the marketplace will determine the price of the goods/services per the laws of supply and demand. Use the link below to read more on supply and demand.
What is the traditional theory of wages?
The theory states that the supply and demand for a worker's skills and services determine the wage or salary. --Danny R. (St. Petersburg, FL)
What is needed to determine the equilibrium price of a good or services?
a supply curve and a demand curveA supply curve and a demand curve.
What do you call in economic terms buying and selling of goods?
Demand and Supply. Demand= buying goods and services. Supply=selling goods and services.
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.
What Determine child trafficking?
Supply and demand.
What is needed to determine equilibrium price of a good or a service?
a supply curve and a demand curveA supply curve and a demand curve.
Supply is the quantity of good and services available for what?
demand
Who dictates the price of goods and services in the market?
In terms of basic economic theory, one idea is that the market itself will determine the price of the goods and services. The laws of supply and demand will allow the marketplace to determine pricing. How does that work? Glad you asked. Let's look at the most fundamental ideas and create a picture.A supplier or suppliers will set a price and promote their goods/services. Consumers will buy them as they want/need them. If the demand is strong and supply stays the same, price will creep up. If buyers don't demand a lot but supply remains high, prices will edge down. Should demand creep up and supply rise faster than demand, prices may edge down. Should supply slip but demand remain high or rise, price will edge up. With these ideas in place, just think about the process and it will make sense.Suppliers and consumers will compete with each other and with themselves to "adjust" prices in the marketplace. Prices will vary a bit around an "equilibrium point" of sorts based on supply and demand. The bottom line remains that the marketplace will determine the price of the goods/services per the laws of supply and demand. Use the link below to read more on supply and demand.
What two factors determine market structure?
demand and supply
What is the traditional theory of wages?
The theory states that the supply and demand for a worker's skills and services determine the wage or salary. --Danny R. (St. Petersburg, FL)
What the roles of merchandiser?
Providing supply of products, or services to demand.
What is Factor Market?
The market for a factor of production, such as labor or capital, in which supply and demand interact to determine the equilibrium price of the factor.
What can greatly determine the price and availability of a good or service?
supply and demand?
