0
What else can I help you with?
What is a main factor driving prices for good and services upward?
The increase of demand and the shortage of supplies or service.
Which of the following explains the factors responsible for setting prices in a market free system?
Supply relative to demand.government
Which the following most accurately describes how the equilibrium prices of a good or service can be determined?
By finding where the supply curve and the demand curve intersect.
What are the main factors driving prices for goods and services upward?
production costs increase so that producers need to charge more to make a profit
What factors can cause a change in demand for a product or service?
Several factors can cause a change in demand for a product or service, including changes in consumer preferences, income levels, prices of related goods, advertising and marketing efforts, and overall economic conditions.
What is a main factor driving prices for good and services upward?
The increase of demand and the shortage of supplies or service.
Which of the following explains the factors responsible for setting prices in a market free system?
Supply relative to demand.government
Should self service always be rewarded by low prices?
Not necessarily. While self-service can reduce costs for a business, there are other factors to consider when setting prices, such as market demand, competition, and perceived value. Offering low prices for self-service can be a strategy to incentivize customers, but it is not the only way to reward self-service.
Which the following most accurately describes how the equilibrium prices of a good or service can be determined?
By finding where the supply curve and the demand curve intersect.
Is it cheaper to drive or fly to New York?
The cost of driving or flying to New York depends on factors like distance, gas prices, flight prices, and vehicle efficiency. Generally, flying is faster but can be more expensive, while driving may take longer but could be cheaper, especially for multiple passengers. It's important to compare prices and consider other factors like convenience and time when deciding how to travel to New York.
What are the main factors driving prices for goods and services upward?
production costs increase so that producers need to charge more to make a profit
What factors can cause a change in demand for a product or service?
Several factors can cause a change in demand for a product or service, including changes in consumer preferences, income levels, prices of related goods, advertising and marketing efforts, and overall economic conditions.
What factors can cause shifts in the excess demand curve for a particular product or service?
Shifts in the excess demand curve for a product or service can be caused by changes in factors such as consumer preferences, income levels, prices of related goods, advertising, and government policies. These factors can influence the overall demand for the product or service, leading to shifts in the excess demand curve.
What is one of the main factors driving prices for goods and services upward?
Production costs increase so that producers need to charge more to make a profit.
What service can one use to compare TV prices?
A service that one can use to compare television prices is the White Fence service. The White Fence website has a service that allows users to compare prices of various providers.
What factors affect price of coriander spice?
The price of coriander can be effected by the available supply. If there has been a bad growing season, there will be less coriander, driving prices up.
Why does competition among producers result in lower prices and better product quality and customer service service?
It is a matter of basic economics. The more products available, the lower prices. Companies choose the prices to a point, and the more competition for business, the customers will choose the lowest prices for the same items. Competition also effects quality and service, since if the same products and services are offered, customers will use other factors like how they are treated or how long the product lasts.
