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prohojiy [21]
1 year ago
6

Competition among suppliers tends to drive prices _______; competition among buyers tends to drive prices ______ .

Social Studies
1 answer:
Furkat [3]1 year ago
6 0

Competition among suppliers tends to drive prices down; competition among buyers tends to drive prices up.

<h3>How prices are determined in the market?</h3>

Price is one that tends to be dependent on the association that exist between demand and supply parts of a market.

Note that the Demand and supply stands for the willingness of customers and producers to be involved  in buying and selling.

Therefore, Competition among suppliers tends to drive prices down; competition among buyers tends to drive prices up.

Learn more about Competition  from

brainly.com/question/25717627

#SPJ1

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hodyreva [135]
San bernardino county, california is the largest county in america
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3 years ago
A part of the Intolerable Acts that angered colonists was the requirement that they
guapka [62]

Answer:

feed and house British soldiers.

Explanation:

5 0
3 years ago
Most US adults have social ties with a large number of people, including friends, family, co-workers, and other acquaintances. I
Serga [27]

Hello. This question is incomplete. The full question is:

Most US adults have social ties with a large number of people, including friends, family, co-workers, and other acquaintances. It is nearly impossible for most people to reliably list all the people they know, but using a mathematical model, social analysts estimate that, on average, a US adult has social ties with 634 people.1 A survey of 1700 randomly selected US adults who are cell phone users finds that the average number of social ties for the cell phone users in the sample was 664 with a standard deviation of 778. Does the sample provide evidence that the average number of social ties for a cell phone user is significantly different from 634, the hypothesized number for all US adults?

Answer:

The sample does not provide evidence that the average number of social ties for a cell phone user is significantly different from 634.

Explanation:

First, it is necessary to find out if the average number of social connections for a cell phone user is significantly different from 634 people. For this, we will consider:

H₀: The average number of social connections for a cell phone user is 634 people. For this we will use μ = 634.

Hₐ: The average number of social connections for a cell phone user is different from 634 people. For this we will use μ ≠ 634.

After these considerations we will adopt the following information:

n = 1700

'X = 664

SD = 778

We can see that the size of the sample is very large and as the population is unknown, we will use the concepts of the central limit theorem and adopt the average sample distribution in the same way as the normal distribution. For this reason, a single mean z test will be appropriate in this case.

After understanding the information, we can calculate the test value. For this it will be necessary to use the formula:

z= ('x-μ)/(SD/√n)

z =(664-663)/(778/√1700) = 1.59

When finding this value, you must take into account whether the p-value of the test is less than the significance level.

The p-value for the two-tailed test is found by the formula:

p - value = 2 * P (Z> 1.59)

p - Value = 2 [1-P (Z> 1.59)

p- value = 2 * (1-0.944) = 0.112

The p-test reveals a very high value in relation to the level of significance and shows that the null hypothesis must be rejected. Based on this, we can say that we have no factor that proves that the average number of social connections for a cell phone user is different from 634 people.

4 0
3 years ago
What do you think are the two main differences between the life of slaves in the North and the life of slaves in the South? Expl
Annette [7]
In the north, northerners weren't much of slavery supporters, and allowed slaves to get away with many things such as an education, right to work, freedom, etc. The north was the one who supported the approval of the Emancipation Proclamation to grant slaves their rights, while the South threatened America to separate and form its OWN country, (what they planned to be the "Confederate States"), just to allow slavery.The south even took their advantage of slavery into abusing their slaves if their behavior didn't satisfy them. 
Basic sum-up:
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North- Trying to abolish slavery
So, slaves' lives would be different, due to more freedom being provided to them in the north than the south. 
c;

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3 years ago
Was the acropolis greek
WITCHER [35]
The Acropolis wan an Ancient Greek settlement.
6 0
3 years ago
Read 2 more answers
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