0
The quantity of a product that will be purchased at a given price is the?
Wiki User
∙ 13y ago
quantity demanded
Wiki User
∙ 13y ago
Add your answer:
Earn +20 pts
When the price at which the quantity of a product willing to be purchased by customers and the quantity of product willing to be made by a producer are equal this is known as?
Supply & demand
The quantity of a product that will be produced and sold at a specific price is the?
The quantity supplied is the quantity of a product that is produced and sold at a specific price.
The important of price elasticity of demand in formulation of government policies?
Priceelasticity of demand for a taxed product plays key role in determining the impact of tax increase on government revenue. The more inelastic the demand for the product, the smaller the impact of any given lump-sum tax on the quantity of the product purchased, therefore the greater the government tax-take. (tax-take = tax per unit x quantity purchased)
When the price of a product is increased the quantity demanded decreases demand for this product is?
when the price of product increased the porchasing powre of consumer is foll so he will decreases his quantity demand for that product.
What is the price at which consumers will purchase the same quantity of a product that suppliers will produce?
The equilibrium price is the price at which consumers will purchase the same quantity of a product that suppliers will produce.
When the price at which the quantity of a product willing to be purchased by customers and the quantity of product willing to be made by a producer are equal this is known as?
Supply & demand
The quantity of a product that will be produced and sold at a specific price is the?
The quantity supplied is the quantity of a product that is produced and sold at a specific price.
The important of price elasticity of demand in formulation of government policies?
Priceelasticity of demand for a taxed product plays key role in determining the impact of tax increase on government revenue. The more inelastic the demand for the product, the smaller the impact of any given lump-sum tax on the quantity of the product purchased, therefore the greater the government tax-take. (tax-take = tax per unit x quantity purchased)
When the price of a product is increased the quantity demanded decreases demand for this product is?
when the price of product increased the porchasing powre of consumer is foll so he will decreases his quantity demand for that product.
What is the price at which consumers will purchase the same quantity of a product that suppliers will produce?
The equilibrium price is the price at which consumers will purchase the same quantity of a product that suppliers will produce.
What is market clearing price?
Market clearing price is the price at which the quantity demanded of a product equals the quantity supplied.
What quantity of a product that will be produced and sold at a specific price is the .?
quantity suppilied
What is the quantity of a product that will be produced and sold at a specific price is?
quantity suppilied
What determines the price and quanty of goods?
The price of a good is determined by all the factors that contribute to making the product. These factors include: labor, materials, and manufacturing overhead. The demand curve is the amount consumers are willing to pay at every given price. The quantity of goods demanded depends on the price of the product. If the price is $1, the quantity demanded will be a lot more than if the price was $100.
How you can find price elasticity of demand if quantity of demand and price is given?
by the formula : %changge in quantity demanded/% change in price of good
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.
How does monopoly control the price of its product?
faces a demand curve that is inelastic throughout the range of market demand. faces a perfectly inelastic demand curve. is a price maker. is also able to dictate the quantity purchased
