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What else can I help you with?
Consumers expect certain goods and services to be available on demand during?
both high and low demand periods
Why are all goods and services scarce in the economy?
Goods and services are scarce in the economy because there are limited resources available to produce them, and the demand for these goods and services exceeds the available supply. This scarcity forces individuals and businesses to make choices about how to allocate resources efficiently.
Why are goods and services scarce in the market?
Goods and services are scarce in the market because there are limited resources available to produce them, and the demand for these goods and services often exceeds the available supply. This scarcity leads to competition among consumers and businesses, which can drive up prices and create shortages.
What do you call in economic terms buying and selling of goods?
Demand and Supply. Demand= buying goods and services. Supply=selling goods and services.
How do people demand goods and services?
When economists refer to the demand for goods and services, what they mean is, what goods and services are people buying. People demand things by buying them. If you demand to have things given to your for free, that is politics rather than economics.
Consumers expect certain goods and services to be available on demand during?
both high and low demand periods
Why are all goods and services scarce in the economy?
Goods and services are scarce in the economy because there are limited resources available to produce them, and the demand for these goods and services exceeds the available supply. This scarcity forces individuals and businesses to make choices about how to allocate resources efficiently.
What do you call in economic terms buying and selling of goods?
Demand and Supply. Demand= buying goods and services. Supply=selling goods and services.
How do people demand goods and services?
When economists refer to the demand for goods and services, what they mean is, what goods and services are people buying. People demand things by buying them. If you demand to have things given to your for free, that is politics rather than economics.
Why are goods and services scarce in the market?
Goods and services are scarce in the market because there are limited resources available to produce them, and the demand for these goods and services often exceeds the available supply. This scarcity leads to competition among consumers and businesses, which can drive up prices and create shortages.
What is the total amount of goods and services in the economy available at all possible price levels called?
aggregate demand.
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 is foreign demand?
It is the foreign demand for domestic goods and services.
What is secondary demand?
It is the demand for specific goods/services of a firm. Due to differentiation of goods in the industry.
What is meant by derived demand and how does this demand characteristic impact freight demand?
Derived demand is the demand to transport goods or services to location depend on demand to consume a goods or services to location. Freight of product is derived from the customer demand of product.
What generates a demand for goods and services?
PRICE
What is aggregate demand'?
the total demand for final goods and services in the economy
