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What is the price you are willing to pay for goods and services based upon?
Wiki User
∙ 11y ago
your wants and needs
Wiki User
∙ 11y ago
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What is the price you are willing to pay for and services based upon?
your wants and needs
Price determines the answers to the three basic economic questions?
There are three basic economic questions answered by price. Who will buy the goods and services produced? What goods and services need to be produced? How should these goods and services be produced?
What is the amount of goods an services a buyer willing to pay called?
The price in which customer gets a bundal of satisfaction an in whn customer is willing to pay after the bargain of the actual price set up by the retailor. . .
What is the Aggregate supply curve and its axis?
The aggregate supply curve show the relationship between price level and the quantity of goods and services that producers are willing to produce when their goods are at a certain price. On the x-axis is RGDP (representing quantity of goods that suppliers are willing to produce in terms of the value of the products adjusted for inflation). On the Y-axis is price level.
What is the aggregate supply curve?
A graphical relationship of the total amount of final goods and services that suppliers are willing and able to produce at a given price level.
What is the price you are willing to pay for and services based upon?
your wants and needs
Price determines the answers to the three basic economic questions?
There are three basic economic questions answered by price. Who will buy the goods and services produced? What goods and services need to be produced? How should these goods and services be produced?
What is the amount of goods an services a buyer willing to pay called?
The price in which customer gets a bundal of satisfaction an in whn customer is willing to pay after the bargain of the actual price set up by the retailor. . .
How does the price system affect goods and services?
goods and services whether it may be anything price will be there for it
What is the Aggregate supply curve and its axis?
The aggregate supply curve show the relationship between price level and the quantity of goods and services that producers are willing to produce when their goods are at a certain price. On the x-axis is RGDP (representing quantity of goods that suppliers are willing to produce in terms of the value of the products adjusted for inflation). On the Y-axis is price level.
What is Consumer prices?
Consumer Price Index (CPI) is an index of the changes in the cost of goods and services to a typical consumer, based on the costs of the same goods and services at a base period.
What is the aggregate supply curve?
A graphical relationship of the total amount of final goods and services that suppliers are willing and able to produce at a given price level.
The market supply curve is?
The market supply curve shows the amount of goods/services produced at any given price. There is a direct relationship between output and price. That is, if the price of goods and services is high, then sellers will produce a large number of goods and services. Conversely, if the price of goods/services is low, then output will also be low.
How are goods and services distributed in market economy?
To consumers based on the basis of their ability and willingness to pay the existing market price
What is supply economics?
a) willingness and ability to offer goods and services for sale b) the amount of a commodity that producers are willing and able to offer for sale at a specified price
Compare and contrast cost based pricing value based pricing and competitor based pricing?
Value based pricing is based on percieved value of goods and services in view of customer. A marketer look at the price being offered to customer that how a customer is percieving the value of goods or services. It is price where all cost of product has been accounted and a fair judgment about percieved value for customer in market.
What generates a demand for goods and services?
PRICE
