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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.

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When evaluating a Website, which of the following statements might indicate the site is based on the author’s opinion instead of
lidiya [134]
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3 years ago
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Empirical evidence from 1960 to 2010 shows that convergence in economic growth is occurring in which of the following cases?
kaheart [24]

Answer:

Correct Answer:

c. Low-income developing countries are catching up to high-income industrial countries.

Explanation:

The evidence which shows that low income developing countries are catching up to high-income industrial countries could be found in the series of developmental strides made by some countries like Rwanda, Kenya, Tanzania, Indonesia, Vietnam etc over the years. <em>Most of their achievements is at par with most European countries in different sectors such as educational, and social sectors.</em>

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3 years ago
Garcia company has 10,000 units of its product that were produced last year at a total cost of $150,000. the units were damaged
timurjin [86]

Answer and Explanation:

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Additional

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Total        $20,000.00      $32,000.00          $12,000.00

4 0
3 years ago
What is online bill payment
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Hope this helps. Mark brainlist?
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3 years ago
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N76 [4]

Answer:

The rate at which money circulates through an economy.

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In Macroeconomics, the term velocity refers to the speed at which money circulates in an economy, and it is a variable in a fundamental macroeconomic equation, the quantity theory of money equation:

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Which states that the price of goods and services is equal to the amount of money in an economy, or its money supply (M) multiplied by the Velocity of circulation of money, which is in turn equal to price (P) multiplied by the number of transactions (T).

7 0
3 years ago
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