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
vesna_86 [32]
3 years ago
8

How does competition influence the price of a good to either purchase or produce

Business
1 answer:
Elan Coil [88]3 years ago
6 0

It influence it by lowering the price and if it's by producing then people would want to go to the store that has more of the product that people want.

You might be interested in
What did the Supreme Court rule in Burwell v. Hobby Lobby with regard to the Affordable Care Act's requirement that family-owned
Delicious77 [7]

The thing which the Supreme Court ruled in <em>Burwell v. Hobby Lobby </em>with regard to the Affordable Care Act's requirement was:

  • Birth control could be denied

<h3>What is a Court Ruling?</h3>

This refers to the general decision which a competent law court has taken after deliberations of the evidence, witnesses and other available information of a case to the best determination of the judge.

With this in mind, we can see that from the Burwell v. Hobby Lobby case, there was a ruling against birth control access which meant that birth control could be denied to employees and this was with regard to the Affordable Care Act's requirement.

Read more about court rulings here:
brainly.com/question/17040608

3 0
2 years ago
Cups of coffee of milk tea are substitutes. assume both have in elastic demand. Suppose exceptionally good weather increases the
nata0808 [166]

Answer:

In that situation, the demand of the Milk tea will fall.

Explanation:

In businesses subtitles are the type of products that serve a similar purpose but generally less favorable. You use substitutes as a second product when you somehow cannot use the first/main product.

In the example above,

Let's say that Coffee is people's favorite beverages. They like it better than milk tea. But, if they don't have enough money to buy their favorite coffee, they sometimes have to exchange it and settle with milk tea.

When weather increases the harvest of the coffee bean crop, the price of coffee will most likely fall down due to the abundance in resource.

When this happen, there will be lesser people who use the substitute product. in the end, the demand for the milk tea will fall.

8 0
3 years ago
Present value​ (with changing interest​ rates). Marty has been offered an injury settlement of ​$12 comma 000 payable in 3 years
lesantik [10]

Answer:

If opportunity cost is 5%, PV=10,366.05

If opportunity cost is 6.5%, PV=9,934.19

If opportunity cost is 11.5%, PV=8,656.79

Explanation:

PV=Σ(\frac{CF_{t} }{(1+i)^{t} })

If opportunity cost is 5%: PV = \frac{12,000 }{(1+0.05)^{3} } =10,366.05

If opportunity cost is 6.5%: PV = \frac{12,000 }{(1+0.065)^{3} } =9,934.19

If opportunity cost is 11.5%: PV = \frac{12,000 }{(1+0.115)^{3} } =8,656.79

8 0
3 years ago
According to the most recent data available, there are approximately ____ noncustodial mothers in the united states.
kodGreya [7K]
<span>According to the most recent data available, there are approximately two million noncustodial mothers in the united states.
</span>

<span>A custodial parent is the term for a parent who has lawful and physical guardianship of their kid. There are around 13.7 million single guardians in the United States. Of these single parents, 84% of custodial guardians are moms and 16% are fathers. A non-custodial parent does not have legitimate or physical guardianship of their kids, which is typically chosen by a court. Half of non-custodial moms are thoroughly default on help, which implies they struggle or can't pay for the help their families need.</span>

3 0
3 years ago
Which career professionals would typically work in their own private office?
frosja888 [35]

Its actually <em><u>A) Office Managers and Human Resource workers</u></em>

6 0
3 years ago
Read 2 more answers
Other questions:
  • Assume that all of Thurmond Company’s sales are credit sales. It has been the practice of Thurmond Company to provide for uncoll
    5·1 answer
  • This document summarizes why the project is important by describing the benefits of a selected component, and is used as a basis
    12·1 answer
  • The units of an item available for sale during the year were as follows: Jan. 1 Inventory 30 units at $110 Mar. 10 Purchase 60 u
    14·1 answer
  • FedEx Corporation and United Parcel Service, Inc. compete in the package delivery business. The major fixed assets for each busi
    9·1 answer
  • If net operating income is $34,000, average operating assets are $204,000, and the minimum required rate of return is 15%, what
    11·1 answer
  • What are the disadvantages of journal entry​
    12·1 answer
  • What is one consequence of stagflation?
    8·1 answer
  • Bryant leased equipment that had a retail cash selling price of $750,000 and a useful life of six years with no residual value.
    9·1 answer
  • Question 2 of 10
    11·1 answer
  • georgia has an investment portfolio of five stocks. two of the stocks are energy companies, and three are computer manufacturers
    8·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!