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What determines the prices of goods and services in the product market?
Supply and demand. Supply and demand determines the prices of goods and services in the market.
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.
Who determines prices in a market economy?
in a market economy.. the prices are decided by demand and supply....or compention
What is the economy in which the interaction of supply and demand determines price and output?
Market Economy
What determines the supply and demand of the factors of production?
The demand for labor is a derived demand in that it depends on a company's decision to supply output in another market. This expansion in a market that has customers is the main factor in how much the demand for labor will increase.
What determines the prices of goods and services in the product market?
Supply and demand. Supply and demand determines the prices of goods and services in the market.
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.
Who determines prices in a market economy?
in a market economy.. the prices are decided by demand and supply....or compention
What is the economy in which the interaction of supply and demand determines price and output?
Market Economy
What determines the supply and demand of the factors of production?
The demand for labor is a derived demand in that it depends on a company's decision to supply output in another market. This expansion in a market that has customers is the main factor in how much the demand for labor will increase.
How does the interaction between supply and demand determine prices in a market?
The interaction between supply and demand in a market determines prices. When demand for a product is high and supply is low, prices tend to increase. Conversely, when supply is high and demand is low, prices tend to decrease. This balance between supply and demand helps establish the market price for a product or service.
In a market system what determines how many goods and services an individual can buy?
The Price,Supply, and Demand.
How does market economy determine its price?
Supply of the item and demand by other countries determines the price.
What determines the price of items?
Their supply and demand - unless the market mechanism is overridden by government or other authorities.
What determines prices of land labor capital and entrepreneurship in the factor market?
Demand and supply in every market will determine the price differently.
Who or what determines the exchange rates in the foreign currency market?
Currently exchange rates are determined by laws of supply and demand.
Who determines prices?
supply and demand
