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Price determines the answers to the three basic economic questions?
Wiki User
∙ 9y ago
There are three basic economic questions answered by price. Who will buy the goods and services produced? What goods and services need to be produced? How should these goods and services be produced?
Wiki User
∙ 9y ago
Wiki User
∙ 9y agoPrice is determined based on supply and demand.
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Price determines the answers to the three basic economic questions through the interaction of what?
Price is determined based on supply and demand.
Can economic analysis provide a final answer to the question of whether the government should intervene in markets by imposing price ceiling and price floors?
Economic analysis cannot provide such an answer because it seeks to address positive questions such as "what is."
What are the factors that can determines shift in demand?
Demand can be shaped by numerous factors. Economic circumstances can strengthen or weaken demand. Price and population are also strong demand shapers.
Who or what determines the market price?
The Value of the Dollar
What determines the price of a stock?
the law of 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 invisible hand directs economic activity through?
The invisible hand directs economic activity through prices. The price of commodities basically determines the law of supply and demand.
Can economic analysis provide a final answer to the question of whether the government should intervene in markets by imposing price ceiling and price floors?
Economic analysis cannot provide such an answer because it seeks to address positive questions such as "what is."
What are the factors that can determines shift in demand?
Demand can be shaped by numerous factors. Economic circumstances can strengthen or weaken demand. Price and population are also strong demand shapers.
What is market driven?
Market driven means the market determines the price. In perfect competitions, the market determines the price of products, not the business.
What is the federal open market committee?
The Federal Open Market Committee reviews economic and financial conditions, determines the appropriate stance of monetary policy, and assesses the risks to its long-run goals of price stability and sustainable economic growth.
Who or what determines the market price?
The Value of the Dollar
What determines a stocks price?
How much money you earn
What determines the price of a stock?
the law of supply and demand
In a market economy who determines the market price?
Compention
What determines the price and quantity produced most goods?
Price and quantity produced of any given product and service is dependent on multiple economic, social and political factors. Assuming ceteris parabus (all else being equal) the quantity of supply and demand determine the equilibrium point, or price of a good or service.
What detemines the price and the quantity produced of goods?
Supply determines the price and quantity of produced goods.
