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777dan777 [17]
3 years ago
15

How is price a language for buyers and sellers?​

Business
1 answer:
ZanzabumX [31]3 years ago
3 0
Prices communicate info and provide incentives to buyers and sellers. And sometimes there negotiating involved. High prices are signals to producers to produce more and buyers to buy less. Low prices are signals for producers to produce less and for buyers to buy more.
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A company launched four new products. The market price, in dollars, of the four products after different number of years is show
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<span>anonymous 2 years ago</span><span>A company launched four new products. The market price, in dollars, of the four products after different number of years is shown below: The price of which product will eventually exceed all others?</span>
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Aggregate supply is represented as a schedule or curve showing the relationship between the nation's
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Aggregate supply is represented as a schedule or curve showing the relationship between the nation's price level (index) and the amount of real domestic output that firms in the economy produce.

The whole supply of products and services produced within an economy at a specific overall price over a specific time period is known as aggregate supply, also known as total output.

In other words, Aggregate supply is the total amount of items produced over a specified time period at a particular pricing point.

The relationship between price levels and the amount of output that businesses are prepared to produce is depicted by the aggregate supply curve.

Usually, the level of prices and total supply have a positive connection.

Demand growth or decline has the biggest impact on short-term changes in aggregate supply.

New technology or other developments in an industry have the biggest impact on long-term changes in aggregate supply.

Learn more about aggregate supply:

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During the stage, managers fail to recognize the internal or external changes that will harm their companies.
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Skeebledobbleflibbleflobbleneedlenoodlepeedlepoodle so like basically what is the question jit?
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When an economy’s production possibilities curve shifts outward due to capital formation or a technological advancement, the lon
slavikrds [6]
<h2>Answer</h2>

Shifts outwards

<h3>Explanation</h3>

An outward shift in the economy's production possibilities curve reflects that a capital formation has been achieved or the economy has benefited from technological advancement. This results in increased resources available within the economy and hence positively impact the supply curve of the company allowing the aggregate supply to either elongate or shift outward, later of the option has higher probability to occur.

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