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tia_tia [17]
4 years ago
14

In 2 or 3 sentences, explain why putting the demand and supply schedules together can help you to see what price and quantities

will be demanded and supplied in the marketplace.
Business
2 answers:
valina [46]4 years ago
8 0
Answer;
<span>By putting demand and supply schedules together, one can view the lowest price, that is where demand is greatest and supply is least, and at the highest price, where demand is least and supply is greatest.
Having these schedules together as a table, you are able to see the highest price and quantities that are acceptable for consumers to consider a demand.

Explanation;
Demand is the amount of goods and services the buyers are willing and able to buy at a given price. The demand curve shows the amount or quantity of goods and services bought at different prices.
A supply curve on the other hand shows the quantity of goods and services supplied at different market prices. 
By putting the two curves and schedules together one can determine the price and the quantities that will be demanded and supplied in the market.</span>
mario62 [17]4 years ago
4 0
Putting the demand and supply schedules together can help you to see what price and quantities will be demanded and supplied in the marketplace through giving you a clear picture of the data. By looking at both, you can already compare how much of the supply and demand of the good and see a clear picture of the relationship between the two and how they affect each other with respect to each other.
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damaskus [11]

Answer:

b. a specialty store.

Explanation:

A specialty store. -

It is a type of retail business , which focus on certain goods and services , is known as a speciality store .

These type of company are expert in making a certain goods or services .

For example ,

The store that are designed specifically for men clothing or women clothing  or specific for toys , cosmetics etc .

Hence , from the question , the correct term according to the given information of the question is a specialty store .

8 0
3 years ago
Midpark Co.purchased a 30% interest in Cycling Pros, Inc. on December 31, 2020 for $1,000,000. On that date, Cycling Pros' net a
BARSIC [14]

Answer:

the total goodwill resulting from this operation = $1,333,333

Explanation:

Since Midpark paid $1,000,000 for 30% of Cycling Pros, that would mean that Midpark determined that the total value of Cycling was: $1,000,000 / 30% = $3,333,333

If the book value of Cycling was $2 million, then the total goodwill resulting from this operation = $3,333,333 - $2,000,000 = $1,333,333

3 0
3 years ago
If washburn guitars were to lower the price of the maya pro dd75 to $2,499 from $2,699, sales of the guitar would increase 30 pe
inn [45]

The Washburn guitars reduces their price from  $2,499 to $2,699 as a result of the sales of the product drastically increased by 30%, So this represents that the <u>product has an elastic demand.</u>

<h3>What do you mean by elastic demand?</h3>

When the price of a product has a massive effect on the quantity purchased is called Elastic demand. A product is stated to have an elastic demand if sales drop sharply in reaction to a growth in price, or sales spike whilst prices are decreased.

Thus, The Washburn guitars reduces their price from  $2,499 to $2,699 as a result of the sales of the product drastically increased by 30%, So this represents that the <u>product has an elastic demand.</u>

Learn more about elastic demand:

brainly.com/question/5078326

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3 0
2 years ago
Charles delivers flowers. He aerns $5.57 to deliever a flower arrangement. Last week he made $746.38. How many arrangements did
Wittaler [7]

Answer:

134

Explanation:

i divided 746.38 by 5.57 and thats your answer

3 0
3 years ago
Adrienne had contracted to convey real estate to rich. however adrienne died before the conveyance is completed. what is the sta
kondaur [170]
If he chose to, Rich can enforce the contract against Adrienne's estate. This is because, sickness or death of a promisor is not an avenue or excuse for non-performance in contracts such as this, which  can easily be delegated to another person for performance. 
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3 years ago
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