0
In what type of system is the price determined by supply and demand?
Wiki User
∙ 15y ago
the market system!!!!
Wiki User
∙ 15y ago
Add your answer:
Earn +20 pts
What is the one price system?
Supply and Demand
How is the equilibrium price determined?
It is the price where the intentions of buyers and sellers match. where the supply and demand curves intersect
How does the price system serve as a rationing mechanism?
Since price of a good is determined where demand meets supply, it means that for the price, the optimum amount of goods are produced and consumed, making sure that everybody who has the demand for the good (willing able able to pay for it) can have that good.
What is the difference between price and supply?
if the supply is low and the demand is high, then the price of the good will be high. if there is high supply but low demand, then the price will be low. the price of a good or service is determined by the relationship between supply and demand. look for any basic macro or micro economics books and it should give you a very good explanation on the subject also pay attention to the graphs of supply and demand and you will get a better understanding of the relationship between supply and demand.
Price determines the answers to the three basic economic questions through the interaction of what?
Price is determined based on supply and demand.
How can price be determined in a free market economy?
In a perfect free-market economy, price is determined by supply and demand.
What is the one price system?
Supply and Demand
What is the price system based on?
Supply and Demand
Who determines a company's share price?
Actually nobody. The price of a company's share is determined by the demand and supply theory and not by any individual. During an IPO, the price is determined by the lead underwriters to the IPO issue. But once the stock gets listed, the demand and supply drives the price of the stock. If a stock has heavy demand and limited supply, the price of the stock goes up. Similarly if a stock has little demand and heavy supply, the price goes down.
Why is gold so much money?
As with any other commodity, price is determined by supply and demand. Gold has a relatively low supply with high demand, which causes the price to rise.
How is the equilibrium price determined?
It is the price where the intentions of buyers and sellers match. where the supply and demand curves intersect
What law is illustrated in this diagram?
The diagram illustrates the law of supply and demand. It shows how the equilibrium price and quantity are determined by the intersection of the supply and demand curves.
What determines the price of a food item at the grocery store?
The price of a product at a grocery store is determined by how the amount of money it takes to manufacture the packaging. Also, the price of the product alone is determined by how much demand there is to the consumer and how much supply the distributor can provide (Supply and Demand).
How does the price system serve as a rationing mechanism?
Since price of a good is determined where demand meets supply, it means that for the price, the optimum amount of goods are produced and consumed, making sure that everybody who has the demand for the good (willing able able to pay for it) can have that good.
What is the difference between price and supply?
if the supply is low and the demand is high, then the price of the good will be high. if there is high supply but low demand, then the price will be low. the price of a good or service is determined by the relationship between supply and demand. look for any basic macro or micro economics books and it should give you a very good explanation on the subject also pay attention to the graphs of supply and demand and you will get a better understanding of the relationship between supply and demand.
Price determines the answers to the three basic economic questions through the interaction of what?
Price is determined based on supply and demand.
The price of a product is the amount of money exchanged for the good what determines the price of these goods?
The price of any product is determined by the laws of demand and supply.
