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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.
When buyers and sellers interact in a market what is the result?
agreement on the price and quantity traded
What is the effect of the interaction of buyers and sellers on a market?
agreement on the price and quantity traded
How does a tax a good affect the price paid by buyers the price received by sellers and the quantity sold?
it will totally depand upon elasticity of supply and demand if it is elastic then iten the tax paid will be by both however if it is inelastic then burden of tax will be laid upon buyer
What is it called when buyers will purchase the same amount sellers are willing to sell?
When buyers purchase the same amount that sellers are willing to sell, it is referred to as "market equilibrium." At this point, the quantity demanded by consumers equals the quantity supplied by producers, resulting in a stable market price. This balance is crucial for efficient market functioning.
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 is the effect of the interaction of buyers and sellers on the market?
agreement on the price and quantity traded
When buyers and sellers interact in a market what is the result?
agreement on the price and quantity traded
What is the effect of the interaction of buyers and sellers on a market?
agreement on the price and quantity traded
How does a tax a good affect the price paid by buyers the price received by sellers and the quantity sold?
it will totally depand upon elasticity of supply and demand if it is elastic then iten the tax paid will be by both however if it is inelastic then burden of tax will be laid upon buyer
What is it called when buyers will purchase the same amount sellers are willing to sell?
When buyers purchase the same amount that sellers are willing to sell, it is referred to as "market equilibrium." At this point, the quantity demanded by consumers equals the quantity supplied by producers, resulting in a stable market price. This balance is crucial for efficient market functioning.
Why there is a large number of sellers and buyers in monopolistic competition?
large numbers of buyers and sellers
Describe the forces that move a market toward its equilibrium?
The actions of the buyers and sellers move a market towards its equilibrium.
What were the Economic benefits of the triangle trade?
The shippers, buyers, and sellers all made money on the goods and slaves they sold and received.
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.
What does quantity mean for buying shirts?
Quantity in the context of buying shirts refers to the number of shirts a customer intends to purchase. It can influence pricing, as buying in bulk often leads to discounts. Additionally, quantity can affect inventory decisions for retailers and may indicate consumer demand trends. Ultimately, it helps both buyers and sellers make informed choices about stock and spending.
Numbers of sellers in a market?
perferct competition are a large number of buyers and sellers.
