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How does the market determine the price and the quantities supplied and demanded?
Wiki User
∙ 8y ago
The market determines the price and the quantities supplied and demanded because it is all about what a customer is prepared to pay. Too high a price may result in a fall in demand, and stock left unsold.
Wiki User
∙ 8y ago
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How does the market determine the price and the quantities supplied and demand?
The market determines the price and the quantities supplied and demanded because it is all about what a customer is prepared to pay. Too high a price may result in a fall in demand, and stock left unsold.
Definition of determinants of supply?
Assuming the market is perfectly competitive and there are no government imposed restriction, the quantity supplied will equal the quantity demanded, meaning the quantity demanded by buyers equals the quantity supplied by sellers.
When quantity supplied and quantity demanded are equal the market is in?
Equilibrium.
When is a shortage in a market?
Quantity demanded is less than quantity supplied.
In a market system what must take place for quantity demanded to continually be equated with quantity supplied?
In a market system, price fluctuations must occur for quantity demanded to continually be equated with quantity supplied.
How does the market determine the price and quantity supplied and demanded?
The market determines the price and the quantities supplied and demanded because it is all about what a customer is prepared to pay. Too high a price may result in a fall in demand, and stock left unsold.
How does the market determine the price and the quantities supplied and demand?
The market determines the price and the quantities supplied and demanded because it is all about what a customer is prepared to pay. Too high a price may result in a fall in demand, and stock left unsold.
How does he market determine the price and the quantities supplied and demanded?
It is all about what a customer is prepared to pay. Too high a price may result in a fall in demand, and stock left unsold.
Definition of determinants of supply?
Assuming the market is perfectly competitive and there are no government imposed restriction, the quantity supplied will equal the quantity demanded, meaning the quantity demanded by buyers equals the quantity supplied by sellers.
When quantity supplied and quantity demanded are equal the market is in?
Equilibrium.
When is a shortage in a market?
Quantity demanded is less than quantity supplied.
In a market system what must take place for quantity demanded to continually be equated with quantity supplied?
In a market system, price fluctuations must occur for quantity demanded to continually be equated with quantity supplied.
A market shortage exists when .?
quantity supplied is less than quantity demanded
When is there a shortage in a market for a product?
Quantity demanded is less than quantity supplied.
What shows the quantities of products demanded at each price by all the consumers in the market?
a market demand schedule
What shows the quantities of products demanded at each price by all consumers in a market?
a market demand schedule
What is market clearing price?
Market clearing price is the price at which the quantity demanded of a product equals the quantity supplied.
