0
What is the extended price on a purchase order for a quantity of 3 at a sell price of 5.25?
Wiki User
∙ 14y ago
15.75
Wiki User
∙ 14y ago
Add your answer:
Earn +20 pts
The relationship between the price of a good or service and the quantity that consumers are willing to purchase is known as?
Demand is the best answer
At equilibrium price the quantity is demanded always equal to the quantity supplied?
Yes, the equilibrium price equates the quantity supplied to the quantity demanded.
What is the significance of the economic order quantity?
Economic order quantity ("EOQ") is the level of inventory that minimizes the total inventory holding costs and ordering costs. EOQ is the level of the inventory where ordering cost and carrying cost remains equal. Total Cost = purchase cost + ordering cost + holding cost - Purchase cost: This is the variable cost of goods: purchase unit price × annual demand quantity. This is P×D - Ordering cost: This is the cost of placing orders: each order has a fixed cost C, and we need to order D/Q times per year. This is C × D/Q - Holding cost: the average quantity in stock (between fully replenished and empty) is Q/2, so this cost is H × Q/2
How is price and quantity demanded related?
As a general rule, as the price level increases the quantity demanded will decrease, and vice versa. If the good or service is inelastic (e.g. a necessity or necessary to survival) a change in price will affect the quantity in a less than proportionate manner. That is, if there is a increase in price, the quantity demanded will increase only a small (if any) amount. If the good or service is elastic (e.g. luxury items) a change in price will affect quantity demanded more than proportionately. So if the the price increases, quantity demanded will decrease a large (more than proportionate) amount.
What gross purchase price mean?
gross purchase price
What is the extended price on a purchase order for a quantity of 3 at sell price of 5.25?
15.75
What is the price at which consumers will purchase the same quantity of a product that suppliers will produce?
The equilibrium price is the price at which consumers will purchase the same quantity of a product that suppliers will produce.
The amount that consumers will purchase or consume at a specific price?
The demand or quantity demanded is the amount that consumers will purchase or consume at a specific price.
What does po ine mean?
PO in business terms means Purchase Order. A purchase order is a document produced by the buyer, stating the intent to buy an item and sets forth expectations for quantity, delivery, price, etc
What does PO mean in business?
PO in business terms means Purchase Order. A purchase order is a document produced by the buyer, stating the intent to buy an item and sets forth expectations for quantity, delivery, price, etc
What items of information are require in order to process a purchase requisition?
There are a number of items of information that are required in order to process a purchase requisition. Some of them include items being purchased, quantity, price per unit and so on.
What equilibrium price and equilibrium quantity?
equilibrium price and equilibrium quantity?: equilibrium price: When the price is above the equilibrium point there is a surplus of supply The market price at which the supply of an item equals the quantity demanded Price at which the quantity of goods producers wish to supply matches the quantity demanders want to purchase sa madaling salita supply=demand=price equilibrium quantity: Amount of goods or services sold at the equilibrium price The quantity demanded or supplied at the equilibrium price. supply=demand ayos?
What is price changes?
price change is reaction of consumer and measure the ful effecof the change in a price of goods of the quantity purchase
What three things should a consumer consider when making a purchase?
quantity, alternatives and price.
What is the definition of purchase order?
Purchase order is a formal written order to purchase inventory mentioned on purchase order at price also mentioned on it.
The process of dividing a nominal quantity by a price index in order to express the quantity in real terms is called?
Deflating!
Why demand curve downward slopping?
The demand curve is plotted with quantity on the horizontal axis and price on the vertical. As the price of a good increases, people will want/be able to purchase less of it. If the price decreases, the quantity people will buy more.
