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
marshall27 [118]
2 years ago
5

In market economy a high price is a signal for Group of answer choicesproducers to supply less and consumers to buy more produce

rs to supply less and consumers to buy lessgovernment to intervene to protect consumersproducers to supply more and consumers to buy less
Business
1 answer:
juin [17]2 years ago
5 0

Answer:

producers to supply more and consumers to buy less

Explanation:

In market economy a high price is a signal for consumers producers to supply more and consumers to buy less .

<u>Since a market economy allows the free interplay of supply and demand, it ensures that the most desired goods and services are produced. </u>

<u>Since the market allows the free interplay of supply and demand, then the law of demand holds that </u>'consumers are willing to buy more at a lower price and suppliers are willing to supply more at a higher price.

You might be interested in
One possible reason as to why consumers respond to sales is that by displaying a "high" regular price and a "low" sale price, sa
Olenka [21]

Answer:

True

Explanation:

Experiments regarding consumer behavior have shown that consumers usually expect a product to have a certain price that serves as a reference price that they use to determine if a retailer's price is high (more expensive than the reference price) or low (cheaper than the reference price).

It is normal (but unethical) that some retailers increase their prices a little before starting a sales campaign, since a higher reference price will make consumers believe that the offer is even better.  

8 0
3 years ago
A company is assessing opportunities in the BRIC countries and determines that ________ is one of the youngest populations in th
san4es73 [151]

A company is assessing opportunities in the BRIC countries and determines that India is one of the youngest populations in the world and is increasingly adopting global attitudes.

Explanation:

The BRIC classification acronym refers to the nations of Brazil, Russia, India and China that are perceived to be developing nations working their way towards becoming developed nations during a similar stage of newly established economic growth.

India is among the youngest people worldwide with such a median age of 26.7 years. Her young people are becoming more and more urban, residing in growing cities and shopping in malls.

There is a shortage of modern facilities and structures to handle India's retail environment. India's population, especially in technical fields, is highly skilled.

6 0
3 years ago
Your typical markup for merchandise is 36%. Your cost on an item is $11.00. Calculate the selling price.
wolverine [178]

Answer:

$7.04

Explanation:

$11/10=$1.1 x 3= $3.30

$1.1/10=$0.11 x 6=$0.66

$3.30+$0.66=$3.96

$11-$3.96=$7.04

8 0
3 years ago
What does CPI stand for and what is it used to measure?​
aleksklad [387]

Answer:

please give me brainlist and follow

Explanation:

Consumer Price Index

The Consumer Price Index (CPI) is a measure of the average change overtime in the prices paid by urban consumers for a market basket of consumer goods and services.

8 0
2 years ago
Describe how you can prepare yourself to become an effective manager in the areas of communication, collaboration, and cultural
NISA [10]
In my term i would say communication is truly the best key of all basically communications makes you understand certain prospectives and gets you to places  and helps you with others.
6 0
3 years ago
Other questions:
  • A company constructs a building for its own use. Construction began on January 1 and ended on December 30. The expenditures for
    9·1 answer
  • When Nike purchases it's raw materials it wants to ensure they meet a specific quality management standard worldwide. This will
    13·1 answer
  • Which of the following best describes the unit price of an 8-ounce bag of walnuts? It is the number of ounces that can be bought
    9·2 answers
  • If a purchase agreement says to release earnest money after the inspection date, then the seller demands the money be release pr
    6·1 answer
  • Which of the following characteristics of culture is NOT readily observable?
    8·2 answers
  • Michael is a successful business owner who can develop his ideas into productive enterprises. Although he was an average student
    6·1 answer
  • Soprano Corporation allocates administrative costs on the basis of staff hours. Short-run monthly usage and anticipated long-run
    12·1 answer
  • Jake has plans to go to an opera and already has a $100 nonrefundable, nonexchangeable, and nontransferable ticket. Now Megan, w
    12·1 answer
  • True or false: The labor rate variance measures the productivity of direct labor. True false question. True False
    8·1 answer
  • Suppose a self-regulating economy is in a recessionary gap at the time the Fed enacts expansionary monetary policy. Furthermore,
    6·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!