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The consumer.
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∙ 13y ago
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What determines prices in the market?
The cost of producing a good or service along with the demand for that good or service.
Demand for one good or service that is determined by demand for another good or service is .?
derived demand
Demand for one good or service that is determined by demand for another good or service is?
derived demand
What determines a price of a good service?
The price and quantity are generally determined by the demand for the products, e.g the desire by consumers to purchase them. Generally, the greater the demand, the higher the price, and the greater the quantity that will be produced for sale.
What determines a demand for a product?
Purchase power,income level,necessarity,willingness
What determines prices in the market?
The cost of producing a good or service along with the demand for that good or service.
Definition for ''law of demand''?
In economics, the law of demand states:- As the price of a good or service increases, the demand for that good or service will decrease.- As the price of a good or service decreases, the demand for that good or service will increases.
Demand for one good or service that is determined by demand for another good or service is .?
derived demand
Demand for one good or service that is determined by demand for another good or service is?
derived demand
What determines a price of a good service?
The price and quantity are generally determined by the demand for the products, e.g the desire by consumers to purchase them. Generally, the greater the demand, the higher the price, and the greater the quantity that will be produced for sale.
What determines a demand for a product?
Purchase power,income level,necessarity,willingness
What determines the quantity of a good that sellers supply?
The demand of the consumer determines the quantity of goods a seller supplies. Supply and demand also affects market price.
What BEST describes the market demand for a particular product good?
The sum of all the individual demands for a particular good determines the market demand for the good.
What determines whether a good is in high demand?
Desire would be one reason.
What is social demand?
Social demand refers to the collective desire or need for a particular product, service, or issue within a society. It represents the level of interest or demand that exists among individuals or groups to address a common societal challenge or meet a shared goal. Understanding social demand is crucial for organizations and policymakers to develop effective solutions and strategies that align with the needs and concerns of society.
What is the amount of a good or service that producers are willing to provide called?
Demand
What is individual demand and market demand?
Individual demand is the demand of one individual consumer in the market for a good or service.Market demand is the total combined demand of all consumers in the market for a good or service.
