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
diamong [38]
3 years ago
10

How does supply and demand inform the choices of consumers and business owners?

Business
1 answer:
Kipish [7]3 years ago
6 0
<span>In the sale of goods and services, price is determined by the interaction between supply and demand. In a graph, the point where the supply curve and demand curve intersect is called the equilibrium point. This point corresponds to the equilibrium price, the one a business should seek to charge. If suppliers charge a price higher than equilibrium a surplus will result. If they charge less a shortage will result</span>
You might be interested in
What were the goals of the truman doctrine and marshall plan?
Colt1911 [192]
The goal was to help rejuvenate Europes among with other countries economic, political, and social status and to build them back up after WWII, not only that but it was more of. Humanitarian deed, to help those in need and to help them rebuild their lives.
3 0
3 years ago
Which of these can a student use a career assessment for?
hram777 [196]

Answer:

D. To help pick a college or university

Explanation:

Career assessments help a student know which field of work is best. Knowing the best field of work can help work choosing a school that specializes in that area.

3 0
3 years ago
Rediger Inc., a manufacturing Corporation, has provided the following data for the month of June. The balance in the Work in Pro
maw [93]

Answer:

$147,400

Explanation:

The computation of the cost of goods manufactured is shown below:

= Direct materials used + Direct labor cost + Manufacturing overhead cost + beginning work-in-process inventory - ending work-in-process inventory

= $56,400 + $30,100 + $52,400 + $29,000 - $20,500

= $147,400

We considered the applied manufacturing overhead cost instead of actual manufacturing cost

5 0
3 years ago
In terms of GNI PPP, excluding Singapore, the wealthiest nations of Southeast Asia are
shutvik [7]
<span>The wealthiest nations of Southeast Asia, excluding Singapore (which is one of the wealthiest countries in the world) are Thailand and Malaysia, with Malaysia being in the 130th position according to GNI (Gross national Income) and Thailand in the 120th position (the higher the number the bigger the GNI). After this it's Indonesia in the 72nd place. </span>
7 0
3 years ago
At the minimum wage (set above the equilibrium wage),
dimulka [17.4K]
C. None of the individuals who end up working are paid more than if the were paid the equilibrium wage.
3 0
3 years ago
Other questions:
  • Miller is the owner of a restaurant that has several franchises. One of the franchisees owes Miller a sum of $18,000 for the goo
    9·1 answer
  • Conceptual Connection: If Gilmore's estimate of bad debts is correct (2.2% of credit sales) and the gross margin is 20%, by how
    7·1 answer
  • Suppose that fertilizerfertilizer is necessary to produce wheatwheat. if the price of fertilizerfertilizer fallsfalls​, the supp
    15·1 answer
  • Smaller bags of items are generally lower priced per unit than larger bags
    13·2 answers
  • One who brings resources into Combinations that man
    12·1 answer
  • Assuming that Borland retires shares it reacquires, record the appropriate journal entry for each of the following transactions:
    10·1 answer
  • 1 if we want to fill the post, we'll have to........ ........ a qualified technician
    6·1 answer
  • Hello everyone today is the 28 and I hope you are getting some with your school and approving I wanted to reach out to you that
    10·2 answers
  • What are Costco business perks?
    12·1 answer
  • Pace Co. borrowed $10,000 at a rate of 7.25%, simple interest, with interest paid at the end of each month. The bank uses a 360-
    9·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!