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AlladinOne [14]
2 years ago
12

How do economic principles apply to online markets? For example, a consumer can purchase a movie as a DVD or through a streaming

service. Are supply and demand the same with each format?
Business
1 answer:
mafiozo [28]2 years ago
5 0
  • Demand from consumers is both personalized and ever-changing.
  • The price fluctuates in line with the performance of the stock market.

<h3>What is Demand?</h3>

Generally, asking for something urgently and vehemently, as though by right.

In conclusion, In economics, strong demand and low supply lead to higher prices, whereas the reverse is true when the supply is high and the demand is low. Equilibrium prices exist for every item.

This approach is used by online merchants since each customer demands a product with varying levels of intensity. Because their need for the goods is more pressing than others, some customers are willing to pay more. Discounts, buy one, get one free, and limited-time offers allow them to influence customer demand.

Read more about Demand

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An accrediting agency’s published rules, which serve as the basis for comparative assessment during the review or survey process
valentinak56 [21]

For a health profession, the term "accreditation standard" refers to a standard used to determine whether a program of study and the educational institution that offers it equips graduates with the knowledge, abilities, and professional qualities required to practice their profession in Australia.

<h3>What do the accreditation standards serve?</h3>

Higher education accreditation is a collaborative process based on peer and self-evaluation. Its goal is to raise academic standards and public accountability. This ongoing quality control process is often carried out every five to ten years.

A school, postsecondary institution, or program offering is accredited when it has received initial and ongoing confirmation that it satisfies the requirements set by a nationally recognized accrediting agency for membership in the association.

For more information about accreditation standards refer to the link:

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6 0
2 years ago
Why do you think average income is an important criterion for development explain.
oee [108]

Average income is important because it tells us the income of an average person and gives an idea about the rising standard of living of people.

Average income is basically income earned per person in a given area in a specific year. More income means more money to fulfill your needs and wants. It is believed that the prosperity of a country depends on it. Money is considered an important factor in the development of a country. If the average income of a country increases there are chances of an increase in the development of that country. If the average income is lower there are fewer chances of development.

A country with high average income is considered rich and low average income country is considered poor. The World Bank also uses the average income to measure the development of any country. Therefore average income is considered a very important criteria for development.

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7 0
8 months ago
Builder and Owner agree that Builder will erect a fence for Owner for $1,500. Builder claims that the fence is taking longer tha
artcher [175]

Answer:

Owner owes Builder : B. $2,000.

Explanation:

A Liability is the present obligation of the entity, that arises as a result of past events, the settlement of which is expected to result in a cash outflow from the entity.

Initially, the Owners owes the Builder $,1500

For the fence to be completed on time, an addition of $500 was owed, upon the owner accepting this arrangement.

Thus, the total obligation owing to the Builder is $2,000.

3 0
2 years ago
Complete the following sentence.
grandymaker [24]

Answer:

Crucial or important?

Explanation:

Tell me if there's anything else to the question but I would say that it is very important to convince a person with understanding or appeal.

4 0
3 years ago
Read 2 more answers
Which is the largest component of Aggregate Expenditures?
Lisa [10]

Answer:

gever distribution

Explanation:

fasho

7 0
2 years ago
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