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What determine the quantity of a good that buyers demand?
The quantity of goods that buyers demand are determined by the control and means witch they were contained or dispatched eg. manual/automated and QC. (quality control)
How do buyers and sellers determine prices?
Buyers don't determine prices directly unless at a lcoal market/yard sale. Sellers determine the price of an object by factors such as supply, demand, and maximum profit.
Do buyers and sellers as one group determine demand but only seller determine supply?
Yes. Buyers want a product and those that sell it regulate how much of it they sell to the buyers, therefore controlling the supply as a result of the demand.
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 demand determinants?
Factors that also determine the quantity demanded.QdxPxPyITN
What determine the quantity of a good that buyers demand?
The quantity of goods that buyers demand are determined by the control and means witch they were contained or dispatched eg. manual/automated and QC. (quality control)
How do buyers and sellers determine prices?
Buyers don't determine prices directly unless at a lcoal market/yard sale. Sellers determine the price of an object by factors such as supply, demand, and maximum profit.
Do buyers and sellers as one group determine demand but only seller determine supply?
Yes. Buyers want a product and those that sell it regulate how much of it they sell to the buyers, therefore controlling the supply as a result of the demand.
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 factors contribute to the occurrence of excess demand in economics and how does it impact market equilibrium?
Excess demand in economics occurs when the quantity of a good or service demanded by buyers exceeds the quantity supplied by sellers. Factors that contribute to excess demand include high consumer demand, low production levels, and government regulations. This imbalance can lead to shortages, price increases, and a shift away from market equilibrium, where supply equals demand.
What factors determine the optimal quantity of a good or service in microeconomics?
In microeconomics, the optimal quantity of a good or service is determined by factors such as consumer demand, production costs, market competition, and government regulations. These factors influence the equilibrium point where supply meets demand, leading to the most efficient allocation of resources.
How does the imposition of a tax on buyers affect the shift of the demand curve for a good?
When a tax is imposed on buyers, it increases the price they have to pay for the good. This leads to a decrease in the quantity demanded, causing the demand curve to shift to the left.
What is Supply and demand economics?
In economics, supply and demand describes market relations between prospective sellers and buyers of a good. The supply and demand model determines price and quantity sold in a market. This model is fundamental in microeconomic analysis, and is used as a foundation for other economic models and theories. It predicts that in a competitive market, price will function to equalize the quantity demanded by consumers, and the quantity supplied by producers, resulting in an economic equilibrium of price and quantity. The model incorporates other factors changing equilibrium as a shift of demand and/or supply.
If a demand curve shifts rightward this means?
Quantity buyers are willing and able to purchase more of the good every price.
How can one determine the demand equation for a product or service?
To determine the demand equation for a product or service, one can analyze market research data, consider factors like price, consumer preferences, and competition, and use statistical methods to estimate the relationship between quantity demanded and these variables. This equation helps predict how changes in these factors will affect demand for the product or service.
