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-BARSIC- [3]
3 years ago
5

In free markets the price of a product depends on how much consumers are willing and able to buy and how much the producers are

willing and able to sell. What does the market price depend on in a free market?
Business
1 answer:
nexus9112 [7]3 years ago
8 0

Answer:

MARKET DEMAND = MARKET SUPPLY

Explanation:

Market Demand & Market Supply are the quantities all consumers & all the producers are able , willing to consume & supply respectively ;  during a given period at a given price .

Market Price , quantity is determined where : market demand = market supply & market demand , supply curves intersect each other .

If market demand > market supply : Excess demand creates competition among buyers & increases prices , which reduces demand & raises supply (law of demand & supply) . This happens till Demand = Supply again

If market supply > market demand : Excess supply creates competition among sellers & decreases prices , which raises demand & reduces supply (law of demand & supply) . This happens till Demand = Supply again .

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Select two skills from the list in the article that you feel you have to offer in the workplace . Discuss the importance of thes
laiz [17]

Answer:

Two skills from the list in the article are Communication and Analytical and problem-solving. Why are these things important? Well because almost every job available today involves dealing with other people such as employers, coworkers, or clients. Good employees need to be able to express themselves clearly. They also need to understand what others are saying. Companies want employees who can speak and write correctly and professionally. Whether using the phone, email, social media, or speaking in person, communication skills are necessary to succeed in business. Employers will also want to have employees who can solve issues easily and effectively. Knowing how to analyze and fix problems is a skill that will make workers successful in their jobs.

4 0
3 years ago
Suppose someone believes that if a per-unit tax is placed on the producers of good Y, the consumers of good Y will end up paying
Alex_Xolod [135]

Answer:

The correct answer is option (B)  perfectly inelastic

Explanation:

It is a known facts that anytime tax is imposed on any goods at any given time, the tax falls totally on the consumers provided the elasticity of demand is zero.

Since increase in tax doesn't affect the demand for goods and services, and no matter the increment in price from the supplier, the demand remains the same. Therefore, the demand curve for goods Y is said to be perfectly inelastic.

4 0
3 years ago
List and briefly define the 4 components of a nation’s demand for goods and services
Lynna [10]

Answer:

C , I , G , NX

Explanation:

The components of nation's demand for goods & services is reflected in Aggregate Demand . AD is the total value of goods & services all the consumers are planning to buy during a period.

AD denotes consumption components by 4 sectors of an Economy : Households, Firms, Government , Rest of World .

All 4 sectors form components of AD = Consumption Expenditure, Investment, Government Expenditure, Net Exports (Exports - Imports) by the 4 above sectors respectively.

3 0
3 years ago
What is the maximum number of accounts allowed within the chart of accounts in QuickBooks Online Plus?
Olegator [25]

The maximum number of accounts allowed within the chart of accounts in QuickBooks Online Plus is: 250 chart.

<h3>What is chart of accounts in QuickBooks?</h3>

Chart of accounts in QuickBooks  can be defined as the account that are mostly use in tracking every financial statement or information.

The Chart of accounts in QuickBooks  should not be more than 250 chart of account based on the fact that if your  account is higher than 250 in your chart of account this can tend to lead to suspension of the subscription you made.

Therefore the maximum number of accounts allowed within the chart of accounts in QuickBooks Online Plus is: 250 chart.

Learn more about chart of accounts in QuickBooks here:brainly.com/question/14493199

#SPJ1

4 0
1 year ago
The indifference policy advocates that dividends are irrelevant. firms are indifferent to dividend policy but stockholders are n
n200080 [17]

Answer:

The indifference policy advocates that dividends are irrelevant.

Explanation:

The indifference Policy holds that that dividends do not add value to a company’s stock price.

According to this theory, investors do not need to concern themselves with a company's dividend policy since they have the option to sell a portion of their portfolio of equities if they want cash.

This school of thought believes that a company’s declaration and payment of dividends should have little to no impact on the stock price.

7 0
3 years ago
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