0
What do you call the amount of goods that buyers are willing and able to purchase?
Wiki User
∙ 11y ago
Demand
Wiki User
∙ 11y ago
Add your answer:
Earn +20 pts
What quantity of goods or service that buyers are willing to purchase at various prices?
supply
Which of these refers to the quantity of goods or services that buyers are willing to purchase at various prices?
demand
What refers to the quantity of goods or services that buyers are willing to purchase at various prices?
Demand
What are buyers?
Buyers are consumers -- the people in an economy who purchase goods and services. There are also professional buyers, who work for companies to get the best products at the best prices.
Explain the determinants as well as exceptions to law of demand?
The five ceteris paribus demand determinants are buyers' income, buyers' preferences, other prices, buyers' expectations, and number of buyers.Buyers' Income: The amount of income that buyers have available to spend on a good affects the ability to purchase a good. In general, income has a direct affect on the ability to buy a good, that is, more income means more buying. However, income can actually affect demand in two ways. For normal goods, more income means more demand. For inferior goods, however, more income means less demand.Buyers' Preferences: The satisfaction buyers obtain from a good, based on buyers' preferences, wants, needs, likes, and dislikes, affects the willingness to purchase a good. If a good provides greater satisfaction, then buyers are inclined to purchase more.Other Prices: The demand for one good is based on the prices paid for other goods purchased by buyers. A change in the price of a substitute good (or substitute-in-consumption) induces buyers to alter the mix of goods purchased. An increase in the price of a substitute motivates buyers to buy more of one good and less of the substitute good. A change in the price of a complement good (or complement-in-consumption) induces buyers to demand more or less of both goods. An increase in the price of a complement motivates buyers to buy less of one good as they buy less of the complement good.Buyers' Expectations: The decision to purchase a good today depends on expectations of future prices. Buyers seek to purchase the good at the lowest possible price. If buyers expect the price to decline in the future, they are inclined to buy less now. If they expect the price to rise in the future, they are inclined to buy more now.Number of Buyers: The number of buyers willing and able to buy a good affects the overall demand. With more buyers, there is more demand. With fewer buyers, there is less demand.
What quantity of goods or service that buyers are willing to purchase at various prices?
supply
Which of these refers to the quantity of goods or services that buyers are willing to purchase at various prices?
demand
What refers to the quantity of goods or services that buyers are willing to purchase at various prices?
Demand
What are buyers?
Buyers are consumers -- the people in an economy who purchase goods and services. There are also professional buyers, who work for companies to get the best products at the best prices.
What is a transversal term contract?
A transversal term contract is a contract that allows multiple sellers to provide goods at fixed prices. The contract allows buyers to purchase goods from sellers for a certain amount of time at the prices set forth in the contract.
Explain the determinants as well as exceptions to law of demand?
The five ceteris paribus demand determinants are buyers' income, buyers' preferences, other prices, buyers' expectations, and number of buyers.Buyers' Income: The amount of income that buyers have available to spend on a good affects the ability to purchase a good. In general, income has a direct affect on the ability to buy a good, that is, more income means more buying. However, income can actually affect demand in two ways. For normal goods, more income means more demand. For inferior goods, however, more income means less demand.Buyers' Preferences: The satisfaction buyers obtain from a good, based on buyers' preferences, wants, needs, likes, and dislikes, affects the willingness to purchase a good. If a good provides greater satisfaction, then buyers are inclined to purchase more.Other Prices: The demand for one good is based on the prices paid for other goods purchased by buyers. A change in the price of a substitute good (or substitute-in-consumption) induces buyers to alter the mix of goods purchased. An increase in the price of a substitute motivates buyers to buy more of one good and less of the substitute good. A change in the price of a complement good (or complement-in-consumption) induces buyers to demand more or less of both goods. An increase in the price of a complement motivates buyers to buy less of one good as they buy less of the complement good.Buyers' Expectations: The decision to purchase a good today depends on expectations of future prices. Buyers seek to purchase the good at the lowest possible price. If buyers expect the price to decline in the future, they are inclined to buy less now. If they expect the price to rise in the future, they are inclined to buy more now.Number of Buyers: The number of buyers willing and able to buy a good affects the overall demand. With more buyers, there is more demand. With fewer buyers, there is less demand.
What is a verb that begins with the letter you?
underwrite. Our company underwrites bank loans to enable overseas buyers to purchase goods.
What is the meaning of supply?
of Supply
Which of these shows the amount of goods and services demanded by buyers?
both demand schedules and demand curves PSG on A+
The amount of goods and services that consumers are willing to buy at various prices?
the cost
Difference between buyer and merchandiser with reference to a retali organization?
buyers are people who purchase goods, but merchandisers are people who distribute or sell goods to retail stores.
What does marketable mean?
Where buyers and sellers meet to exchange goods and services
