1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
cluponka [151]
2 years ago
12

In economics, the demand for a good refers to the amount of the good that people:_______

Business
1 answer:
Mariulka [41]2 years ago
8 0

In economics, the quantity of an item that consumers will purchase at various price points is referred to as the demand for the good.

Demand for anything or service means that people want to buy it and are willing and able to pay for it. Demand for a product is influenced by its price, the pricing of competing products, the consumer's income, as well as her preferences and tastes. We defined demand as the amount of something that a buyer is willing and able to acquire at each price. This implies that there are at least two more factors besides price that influence demand. A Veblen product is one for which demand rises in proportion to price. Veblen products are often of a high caliber, expertly produced, unique, and status symbol. The majority of Veblen customers are wealthy individuals who value utility over all other factors.

Learn more about demand:

brainly.com/question/13320101

#SPJ4

You might be interested in
AirStep Shoe Company has two retail stores, one in Gainesville and the other in Orlando. The Gainesville store had sales of $165
nata0808 [166]
365000 - 165000 = $215,000
This gives you the Orlando sales.
215000 x 1.27 (27%) gives you the contribution margin for Orlando store
Answer is : $273,050
6 0
3 years ago
"When a company recognizes that the needs of one market segment is not the same as another and accordingly customizes its produc
devlian [24]

Answer:

The correct answer is letter "C": differentiation strategy.

Explanation:

After a company has conducted a market segmentation classifying customers by age, gender, income, location and some other features, the firm must decide if focusing in one single market or if its resources allow them to conduct operations in more than one.  

When the entity decides in which markets their production processes will be focused on the differentiation strategy is implemented. With this approach, the company uses the information obtained from the market segmentation to create goods or services tailored to consumers' needs attempting to provide a product that better matches their needs.

3 0
3 years ago
Chestelle Corporation, a sports equipment manufacturing company, borrows a considerable sum of money as loan from GRJ Bank, a pr
Ymorist [56]

Answer:

Long term liability

Explanation:

Long term liability is defined as the amount of money a business owes that is due above a year. It is liabilities that do not affect the current liquidity of the business and its ability to do business.

In this scenario Chestelle Corporation has borrowed a large amount of money that is due in 4 years. It is due in over a year so it is a long term liability.

Long term liabilities are usually used to purchase capital assets or to make long term investment

3 0
3 years ago
Read 2 more answers
What is the best way to display data if you have more than 10 results?​
Yuri [45]
It would depend on the topic
Some options:
-Bar graph
-Line graph
-Pie chart
-Area chart
-Scatter chart
-Histogram
-Map
-Funnel chart
3 0
3 years ago
Crandle Manufacturers Inc. is approached by a potential customer to fulfill a one-time-only special order for a product similar
Kruka [31]

Answer:

$400

Explanation:

Calculation to determine the minimum acceptable price of this special order

Using this formula

Minimum acceptable price=Direct materials+ Direct labor+ Manufacturing support +Marketing costs

Let plug in the formula

Minimum acceptable price=$140 + $100 + $105 + $55

Minimum acceptable price=$400

Therefore the minimum acceptable price of this special order is $400

7 0
3 years ago
Other questions:
  • Which type of product advertisement can be used to sell a company’s product when two or more other companies are selling the sam
    15·1 answer
  • The 2011 income statements of Leggett & Platt, Inc., reports net sales of $3,636.0 million in 2011 and $3,359.1 million in 2
    9·1 answer
  • Which nims structure makes cooperative multi-agency decisions?
    14·2 answers
  • U.S. voting statistics show that elderly citizens donate both money and time to political campaigns. In the 2012 presidential el
    7·1 answer
  • General motors, in order to achieve a 15 to 20 percent profit on its investment, prices its automobiles accordingly. this approa
    13·1 answer
  • A non-discriminating monopolist will find that marginal revenue:
    14·1 answer
  • Suppose the economy is self-regulating, the price level is 132, the quantity demanded of Real GDP is $4 trillion, the quantity s
    15·1 answer
  • Why do we say that credit is basically a loan?
    13·1 answer
  • Transportation is a big part of the logistics picture. Freight can represent 50% of your logistics cost and up to 10-20% of your
    13·1 answer
  • IDENTIFY THREE THINGS A DEED OF PARTNERSHIP CONTAINS
    5·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!