Businesses wish to sell their products at high prices. consumers with to buy products at low prices. in a market economy this conflict is usually resolved by competition.
Why do Supplies sell more at a higher price and less at a lower price?
Typically, economists combine the volumes that suppliers are willing to produce at various prices into a formula known as the supply curve. The likelihood of suppliers producing more increases with pricing. On the other hand, the cheaper a product is, the more people tend to buy it.
how are prices determined in a market?
The interaction of a market's supply and demand factors determines price. The desire of consumers and producers to engage in purchasing and selling is represented by demand and supply. When buyers and sellers can agree on a price, a product exchange takes place.
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Answer:
affecting wages, employment levels and thus equilibrium
Explanation:
Answer:
The remaining part of the question is:
Round up to the newest whole unit.
OA . 3,572 units
OB. 4,000 units
OC. 3,935 units
OD. 5.269 units
Correct Answer:
OC. 3,935 units
Explanation:
Current sales 2000000 = 4000*500
Less: Variable costs 880000 = 4000*220
Less: Fixed costs 1000000
Current operating income 120000
Fixed costs 1080000 =1000000+80000
Add: Operating income 120000
Required Contribution margin 1200000
Divide by Contribution margin per unit 305 =525-220
Units to be sold 3935
Answer:
Employees fill out a W-4 form to let employers know how much tax to withhold from their paycheck based on filing status, dependents, anticipated tax credits and deductions, etc. If you don't fill it out correctly, you may end up owing taxes when you file your return.
Explanation:
Other people's opinions of that person you are speaking with, what other people have told you about that person before you meet.