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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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The definition in my own words are:

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8 0
2 years ago
Consider a situation where N consumers interact with a monopolist in a market. Half of these consumers (γ 0.5) have low demand,
kykrilka [37]
Never gunna give you up never gunna let you down… sorry I don’t no your answer… oops
6 0
3 years ago
Ted pays​ $2,100 interest on his automobile​ loan, $120 interest on a loan to purchase a computer for personal​ use, $630 intere
slamgirl [31]

Answer:

A. $850

Explanation:

The answer is net investment income of $850. This is because the investment interest expense to the extent of net investment income is deductible. The others listed are not deducted. The net investment income can either be capital gains, interest or dividends. When the expenses is less than net investment income, all investment interest expense is deductible and when interest expense is more than investment income, only expenses up to net investment income amount is deducted.

8 0
3 years ago
Read 2 more answers
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