bsd
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.
supply
Demand
Consumers have inelastic demand
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.
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.
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.
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.
PRICE
mixed economy
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.
"Good singing" is in the ear of the beholder.
supply
price ceiling.
Demand
Consumers have inelastic demand