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What are sought goods?

Updated: 4/28/2022
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sought goods are product that customer and needs and know the content of it

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Process of price determination?

Price is determined at the point of equilibrium. Equilibrium is a point of balance. In other words, equilibrium is the point at which quantity demanded and quantity supplied is equal. That is, market equilibrium refers to a condition where a market price is established through competition such that the amount of goods or services sought by buyers is equal to the amount of goods or services produced by sellers. This price is called equilibrium price.


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What are produce goods andconsumrr goods?

Consumer goods are market ready goods, producer goods are the input materials needed to manufacture consumer goods.


What is the meaning of income goods?

income goods means goods that were not used by producers. And outcome goods called produced goods


Suppose a customer purchases only 2 goods Can both goods be luxury goods?

The goods are deserts The goods are deserts

Related questions

Who sought to regain their market for manufacturers in America by reducing the cost of their goods?

The British


What Chinese goods were sought by European traders?

In earlier times, the biggest Chinese export was silk.


Which of these was a key motivation behind European imperialism in the 18th and 19th centuries?

Answer this question… Europeans sought new markets for their surplus goods.


What goods were European explorers interested in finding or obtaining?

European explorers were interested in finding valuable goods such as spices, gold, silver, silk, and other luxury items. They sought to establish trade routes to obtain these goods, which would bring wealth and power to their home countries.


Why did Americans sought to obtain control of New Orleans in 1803?

I think it has something to do with the access to a port that allowed goods to be shipped to places east of the Appalachian Mountains.


What items did china want from the European world?

Silk and porcelain were very sought-after goods.


What is the past tense of sought?

Sought is the past tense form of the verb "to seek".


What is Remedy sought?

remedy sought


How did the Industrial Revolution lead to imperialism?

The Industrial Revolution lead to Imperialism by Countries associated with the Industrial revolution started to produce goods that were cheaper and people had better quality homes.


What is the present perfect tense of seek?

The present perfect tense of "seek" is "have sought."


What is the past and past participle of seek?

Past tense of seek is sought. Past participle of seek is "has sought."NOpast participle is sought. Has sought is present perfect. The past participle is used to make present perfect. He has sought a new trial.They have sought a new trial.


Sentence using the word sought in it?

I can give you several sentences.He sought the elusive butterfly of love.She sought to ease the tension in the room.He sought fame and fortune.