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]
2 years ago
10

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

Business
1 answer:
Kipish [7]2 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
Controlling the money supply to achieve desired macroeconomic goals is called
Sergio [31]

Answer:

The answer is monetary policy

Explanation:

Monetary policy is an economic policy that manages the size and growth rate of the money supply in an economy. It is a powerful tool to regulate macroeconomic variables such as inflation, consumption, growth and liquidity.

3 0
3 years ago
Vision statements are used to create a better understanding of the overall purpose and direction of the organization. Vision sta
artcher [175]

Answer:

d. evoke powerful and compelling mental images

Explanation:

The organizational vision is used so that companies have as aspirations to achieve their objectives and goals that will help companies to reach a desired place that helps the company to expand and obtain new achievements.

Therefore, when making a vision statement, companies combine powerful and attractive mental images to attest to goals that generate value for stakeholders, causing greater identification with an inspiring vision where there are development plans not only for their businesses, but for company in which the company operates eg.

6 0
3 years ago
Nire   has a comparative advantage in producing butter, whereas Nire   has a comparative advantage in producing guns.Consider a
riadik2000 [5.3K]

Answer:

False

Explanation:

A proposed trade of 12.5 pounds of butter for 20 guns may NOT be mutually agreeable to both countries.

The main idea of comparative advantage is NOT trade by barter but buying and selling. Comparative advantage is a principle that states that a country should produce more of the goods and services which it can produce at a lower opportunity cost than that of trade partners and thereafter sell to those partners at a lower cost than they would have produced it themselves in the bid to be self reliant.

It is difficult to agree to such a deal of 12.5 pounds of butter for 20 guns because it is impossible to conclude that they are even or equal in value. The both countries should sell to each other as money is a common means of exchange.

5 0
2 years ago
Which of the following statements is incorrect?
DedPeter [7]

Answer:

E. All information systems support businesses.

Explanation:

All information systems do not support businesses because it's there's many types of information systems such as Executive Support Systems , Management Information Systems (MIS), Decision Support Systems , Knowledge Management Systems , Transaction Processing Systems and Office Automation Systems and it depends on the purpose of that information system in particular, whether it supports businesses or not

4 0
2 years ago
What are inferior goods in business?​
OleMash [197]

Answer:

Inferior goods are goods that are bought less as income of buyers increase.

Explanation:

In business, inferior goods can be described as goods that experience declines in their demand or sale when the income of buyers or consumers increase.

This implies that there is a negative relationship between the demand of inferior goods and the income of the buyers.

Put in another way, inferiors goods are the more affordable substitutes for goods that are expensive when the income of the consumers fall.

4 0
2 years ago
Other questions:
  • The windshield division of fast car co. makes windshields for use in fast car's assembly division. the windshield division inncu
    15·1 answer
  • When businesses collect demographic information on where people live, what they buy, and how they spend their time, they are res
    5·1 answer
  • Tulip Corporation purchased equipment for $ 60 comma 000 on January​ 1, 2017. On December​ 31, 2019, the equipment was sold for
    8·1 answer
  • Which wholesaler's channel function is demonstrated when a buyer receives quicker delivery because wholesalers are located close
    10·1 answer
  • Describe the current global strategy and provide evidence about how the firm’s resources and competencies support the pressures
    8·1 answer
  • Milford Corporation has in stock 16,100 kilograms of material R that it bought five years ago for $5.75 per kilogram. This raw m
    11·1 answer
  • In a fine dining restaurant, which of the guests at a table should the staff serve first?
    6·2 answers
  • Just like what Truman Burbank form the movie named truman show: Good morning, and in case I don't see ya, Good afternoon, good e
    8·2 answers
  • Across mass marketing, niche marketing, and one-to-one marketing, the underlying method of dealing with heterogeneity is the sam
    5·1 answer
  • Omega has a real gdp per capita of $5,000. If it has a constant 6% rate of growth. how many years will it take before omega has
    11·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!