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statuscvo [17]
3 years ago
15

In 1 or 2 sentences, explain how consumers affect which goods and services are produced. WRITER

Business
2 answers:
san4es73 [151]3 years ago
8 0
Answer;
Based on Supply and demand; If a more people want a commodity, it is in greater demand, thus the price will be higher, and if less people want a commodity, the price will be lower.
Explanation;
In a market the price is determined using the law of demand and supply in that particular market. Demand is the quantity of goods that consumers are willing and able to buy at a given price while supply is the quantity supplied by suppliers at a particular price. 
If a more people want a commodity, it is in greater demand, thus the price will be higher, and if less people want a commodity, the price will be lower. 
avanturin [10]3 years ago
6 0
If demand for a good or service is high,producers are more likely to produce it since their aim is making profits.In shorter words,refer to consumer sovereignty.
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Carlos opens a dry cleaning store during the year. He invests $30,000 of his own money and borrows $60,000 from a local bank. He
kvv77 [185]

Answer:

$30,000

$6,000

Explanation:

Carlos risk = $30,000

Carlos risk of $30,000 is the amount of funds which he had invested in the course of his business which is why Carlos is not considered at-risk for the nonrecourse loan reason been that carlos is not found liable because the loan was not used in the business which makes him to have a risk of $30,000.

$24,000 loss that occured will reduces Carlos’ amount at-risk to $6,000

($30,000 - $24,000)

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5 0
3 years ago
A student makes the following​ argument: ​"A price floor reduces the amount of a product that consumers buy because it keeps the
Fed [463]

Answer:

The answer is: Yes, the student is right.

Explanation:

Some industries, especially agriculture, work on some unique ways due to their complexity. For instance, the government sets the price floor and the price ceiling for the main crops produced in the country. In order to do this, the government owns and manages huge warehouses and silos.

When the production of crops is higher than usual, the price of that crop will tend to drop because of excessive supply. The government then buys the crop to put a price floor and takes the overstock to its warehouses. That enables the government to control the market so that farmers get a "fair price" for their crops. If the government didn´t do anything, farmers would lose a lot of money and their customers (agricultural corporations) would probably overstock. That at the same time would cause further problems in the future due to lower future sales because the agricultural corporations companies are overstocked.  

When farmers have a bad year due to drought or flooding, their production levels will fall, so the price of the crops would rise due to excessive demand. Then the government sells the crops it had stored previously in its warehouses to put a price ceiling. If the government didn´t do this then a lot of poor people would not be able to buy enough quantities of food.  

3 0
3 years ago
Magic Realm, Inc., has developed a new fantasy board game. The company sold 45,000 games last year at a selling price of $66 per
storchak [24]

Answer:

Please see below and attached.

Explanation:

1a. Prepare a contribution format income statement for the game last year. The Net operating income is $90,000.

1-b The degree of operating leverage

= $10.

2a. Net operating income increases by 220%

2b. Total expected net operating income is $288,000.

Please find attached detailed breakdown of the answers provided above

7 0
4 years ago
The average do-it-yourself bedroom makeover costs $475 with a standard deviation of $86 (fictional data). tanya redoes her daugh
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6 0
3 years ago
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7 0
3 years ago
Read 2 more answers
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