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What determines the quantity of a good that sellers supply?
The demand of the consumer determines the quantity of goods a seller supplies. Supply and demand also affects market price.
What are the determinant of supply?
The determinant of supply can be listed as follows: - goal of the firm - price of the goods - price of inputs - technology - price of related goods - expectation of producers - government policy
What is price of related goods in demand?
Price of related goods in demand means prices of substitute goods and complementary goods.
Factors affecting to demand and supply in tourism industry?
prices of goods and servicesincome of consumersprices related to goods and servicesexpected future price of productsnumber of consumers in a market
What detemines the price and the quantity produced of goods?
Supply determines the price and quantity of produced goods.
What determines the quantity of a good that sellers supply?
The demand of the consumer determines the quantity of goods a seller supplies. Supply and demand also affects market price.
What are the determinant of supply?
The determinant of supply can be listed as follows: - goal of the firm - price of the goods - price of inputs - technology - price of related goods - expectation of producers - government policy
What is price of related goods in demand?
Price of related goods in demand means prices of substitute goods and complementary goods.
Factors affecting to demand and supply in tourism industry?
prices of goods and servicesincome of consumersprices related to goods and servicesexpected future price of productsnumber of consumers in a market
What detemines the price and the quantity produced of goods?
Supply determines the price and quantity of produced goods.
Price of related goods?
Demand for good or service increases if the price of related goods increases, and vice versa.
What effects supply and demand?
Fluctuations in the price of goods. The affect of demand on price is directly proportional and supply's affect on price is indirectly proportional.
Why the price of agricultural goods tends to fluctuate more than the price of manufactured goods?
Because the supply is less certain.
How does supplies affect the price of a product?
A higher price will cause an increase in supply, assuming that all other factors remain constant. Likewise, a decrease in price will cause a decrease of supply and an increase in demand.
The market supply curve is?
The market supply curve shows the amount of goods/services produced at any given price. There is a direct relationship between output and price. That is, if the price of goods and services is high, then sellers will produce a large number of goods and services. Conversely, if the price of goods/services is low, then output will also be low.
What are the advantages disadvantages of the price mechanism?
price mechanism is hte demand and supply of goods and services
When does excess supply occur?
Excess supply occurs when, at a given time, the equilibrium price of the market is less than the price that the goods are supplied at.
