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What is the amount of money exchanged for a good or service?
PRICE
What is the difference between cash and price?
Price is the amount consumers pay to acquire a good or service whereas cost is the amount used to produce a service or good. Cash is the money in your pocket.
What is the amount of a good or service that an individual or producer is offering for sale?
supply
What defined as the amount of a good or service that a consumer is willing to buy?
Demand
What are needed to determine the equilibrium price of a good or service?
Consumers have inelastic demand
What is threshold population?
It's the amount of people needed to justify the provision of a good service. A shop must gain enough money to provide good service.
What factors does a householder consider when decide to produce a good or service at home or buy it in the marketplace?
A household considers the cost of buying the good or service, and the cost of producing it at home. It also considers the amount of time needed to produce it at home.
Where is a good auto maintenance service?
Jiffy is a fantastic place they will do a total check up and fix what ever is needed in a good amount of time. Plus after they fix your car they clean it too.
What factors does a householder consider when deciding whether to produce a good or service at home or buy it in the marketplace?
A household considers the cost of buying the good or service, and the cost of producing it at home. It also considers the amount of time needed to produce it at home.
What is the Conrol of the amount of air needed for good singing?
"Good singing" is in the ear of the beholder.
What is the amount of money exchanged for a good or service?
PRICE
What is the amount at which a good or service will be sold at a market?
mixed economy
What is the difference between cash and price?
Price is the amount consumers pay to acquire a good or service whereas cost is the amount used to produce a service or good. Cash is the money in your pocket.
What is the amount of a good or service that an individual or producer is offering for sale?
supply
A maximum amount that can be legally charged for a good or service?
price ceiling.
What defined as the amount of a good or service that a consumer is willing to buy?
Demand
What are needed to determine the equilibrium price of a good or service?
Consumers have inelastic demand
