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
nikklg [1K]
3 years ago
11

Explain how a price system moves a market toward the quilibrium price

Business
1 answer:
lions [1.4K]3 years ago
8 0

Answer:

By setting the price of goods and services at a level where the suppliers and consumers feel comfortable, the quantity of goods and services supplied will be the same as the quantity of goods demanded.

Explanation:

A price system is a means of arranging economic activities by setting the standard prices of goods and services in that particular economy. In this way the agents of demand and supply can have an estimate of the price of various goods and services. In this way, a supplier who doesn't know the price of a goods or service that he/she plans to sell to a different country or region can use the price system to adjust their selling price effectively. On the same note, the consumers can also acquire goods and services that they have never demanded before by using the price system to determine the standard prices for those goods or services.  

Prices are a reflection of the consensus between suppliers and consumers about the value of goods and services. The equilibrium price can be defined as the price where the quantity of goods supplied equals the quantity demanded. By setting the price of goods and services at a level where the suppliers and consumers feel comfortable, the quantity of goods and services supplied will be the same as the quantity of goods demanded.

You might be interested in
You respond to a local lake where a diver complains of difficulty breathing that occurred immediately after rapidly ascending fr
Svetach [21]

Answer:

the correct answer is

C. suction his mouth and nose, apply high-flow oxygen, monitor the patient's breath sounds for a pneumothorax, and contact medical control regarding transport to a recompression facility.

good luck

5 0
3 years ago
As the team works together, Carol plays a diversity manager role , diffusing conflicts and helping everyone feel welcome to cont
Valentin [98]

As the team works together, Carol plays a diversity manager role, diffusing conflicts and helping everyone feel welcome to contribute ideas.

<h3>Diversity and Inclusion Manager responsibilities </h3>

Designing company policies that reinforce diversity in the workplace, address all kinds of harassment, and protect minority groups. Training hiring managers and HR staff on how to select, manage, evaluate and retain diverse employees.

Diversity and inclusion managers need to be:

  • Excellent communicators and active listeners.
  • Familiar with employment regulations and human resources standards of practice.
  • Organized and dedicated to researching and implementing inclusive programs.
  • Skilled in conflict mediation.
  • Familiar with institutional psychology.

To learn more about diversity manager visit the link

brainly.com/question/7655172

#SPJ4

4 0
2 years ago
In October of the current year, Jasmine received a $15,520 payment from a client for 32 months of rent. The rental period begins
serg [7]

Answer:

Jasmine recognize $1,940 this year if she uses the accrual method of accounting.

Explanation:

The Accrual or Matching Concept in accounting requires revenues and expenses to be recorded in the period i which they occur or incur.

The entry to record the receipt of payment is :

Cash $15,520 (debit)

Unearned Rental Income $15,520 (credit)

By the end of the year on 31 December, 4 months rent income starting September will have been earned and entries are as follows :

Unearned Rental Income $1,940 (debit)

Rental Income $1,940 (credit)

Rental Income calculation = $15,520 × 4 / 32

                                           = $1,940

5 0
3 years ago
The envelope method, notebook and pencil, and online
alexandr1967 [171]

Answer:

Tracking your spending?

3 0
3 years ago
Apex Corp. asks its consumers to determine how they perceive the similarities and dissimilarities among relevant product attribu
8_murik_8 [283]

Answer: (C) Perceptual mapping

Explanation:

The perceptual mapping is one of the type of technique that is used by the marketers for visually displaying the different types of perceptions of the consumers and the users.

It is also known as the market mapping technique that is used for the developing the various types of brands and the products in the market for based on the customer perspective.  

According to the given question, the Apex corp. is using the perpetual mapping technique for determining the different types of product attribute in the market.  

 Therefore, Option (C) is correct answer.

6 0
3 years ago
Other questions:
  • The management of River Corporation is considering the purchase of a new machine costing $380,000. The company's desired rate of
    15·1 answer
  • Parker Inc. is obligated to pay its creditors $33,333 very soon. If the market value of the firm's assets equals $49,700, calcul
    15·1 answer
  • Jeremiah Restoration Company completed the following selected transactions during January: Jan. 1. Established a petty cash fund
    9·1 answer
  • Managers must decide where in the supply chain to hold inventory. In​ general, the decision about where to position inventory is
    14·1 answer
  • Asma plans to retire in exactly 20 years. After retirement her goal is to invest in a fund that will allow her to receive Rs. 20
    6·1 answer
  • Select the four common tools managers use to analyze competitive intelligence and develop competitive advantages. a. The three g
    14·2 answers
  • Faruq spends all of his income on tacos and milkshakes. His income is $100, the price of tacos is $10, and the price of milkshak
    7·1 answer
  • The ways a product can reach a customer is called
    15·1 answer
  • Suppose that Victoria and her friends are running a fundraiser by selling donuts. They want to know what will happen to their re
    7·1 answer
  • According to Interland (2009), the art of economics consists in looking not merely at the immediate but at the longer effects of
    13·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!