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bonufazy [111]
2 years ago
8

Buyers and sellers negotiate prices for goods and services through supply and demand in a(n) ________ economy.

Business
1 answer:
Lady bird [3.3K]2 years ago
7 0

Buyers and sellers negotiate prices for goods and services through supply and demand in a market economy, as well as as the quantities of those goods.

<h3>What is market economy?</h3>

The economic system known as market economy relies on the law of supply and demand, which states that, when the price of a product is raised, its supply increases but the demand decreases. On the other hand, if the price is lowered, the supply decreases while the demand increases.

In other words, buyers and sellers are constantly negotiating prices in a market economy, even if it is indirectly. Think about a product you buy often, such as milk. If the price is raised, you and many others may end up not buying milk for a while. Precisely because you stop buying milk, the producer will eventually lower the price, so you start buying milk again.

With the information above in mind, we can conclude that the correct answer for this question is market economy.

Learn more about market economy here:

brainly.com/question/11471834

#SPJ4

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Determine whether each policy below is good or bad cash management; then identify the cash management strategy violated or follo
sertanlavr [38]

Answer: Please refer to Explanation.

Explanation:

a. The company regularly follows up with customers who pay late.

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This is GOOD.

Cash Management Strategy - Earning extra income on idle cash by investing in short-term liquid investments.

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Cash Management Strategy - Cash Planning to establish a correct balance between payments and receipts.

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Cash Management Strategy - Saving money by spending economically only when needed.

e. Bills are paid as soon as they are received.

This is BAD

Cash Management Strategy - Paying bills when due to ensure that operating cash balance is maintained at a healthy level.

If you need any clarification do comment.

Cheers.

6 0
3 years ago
Describe a real or made up but realistic example of a time when you might apply for a loan.
kicyunya [14]
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3 0
3 years ago
When an individual weighs her options and makes a choice that maximizes her benefit at the minimum cost, economists refer to thi
olga_2 [115]
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7 0
3 years ago
The information listed below refers to the employees of Brennan Company for the year ended December 31, 2016. The wages are sepa
Anton [14]

Answer:

Explanation:

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b. The number of employees that are employed in the fourth quarter will be 10 that is if the decline in coming months is only because of disassociation of existing employees and no new employees are employed during the quarter.

c. Because of the time of submitting the form is Jan 31st. If taxes are paid on the due date, the due date is Feb 10. Amount of money to be paid is going to be 3024.

5 0
3 years ago
General Snacks is a typical firm in a market characterized by the model of monopolistic competition. Initially, the market is in
Harrizon [31]

Answer:

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Explanation:

Firms will leave the market in the long run.

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