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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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Tax savings generated from deductions are considered cash inflows.
lubasha [3.4K]
Tax savings generated from deductions are considered cash inflows.

Answer: false

Hope this helps
3 0
3 years ago
Two companies share a market, in which they currently make $5,000,000 each. Both need to determine whether they should advertise
snow_tiger [21]

Answer: Please refer to Explanation.

Explanation:

Two Companies. We shall call them A and B.

If A and B decide not to advertise, they both get $5,000,000.

If A advertises and B does not then A captures $3 million from B at a cost of $2 million meaning their payoff would be,

= 5 million - 2 million + 3 million

= $6 million.

A will have $6 million and B will have $2 million as $3 million was captured from them. This scenario holds true if B is the one that advertises and A does not.

If both of them Advertise, they both reduce their gains by $2 million while capturing $3 million from each other so they'll essentially both have just $3 million if they both decide to advertise.

With the above scenarios, it is better for both companies to ADVERTISE if there is NO COLLUSION. This is because it ensures that they do not get the lowest payoff of $2 million if the other company decides to advertise and they do not.

However, if they DO COLLUDE. They must both decide that NONE of them SHOULD ADVERTISE and this would leave them with their original $5 million each which is a higher payoff than the $3 million they will both receive if they were both advertising.

3 0
3 years ago
Monette has posted over 100 book reviews on amazon.com. she also frequently reviews products and services on epinions and posts
Svetach [21]
<span>As a social media user, Monette would best be characterized as the "Critic".
There are seven types of Social media user:
the creator, the conversationalist, the critic, the collector, the joiner, the spectator and the inactive.
Each user have their own functions. Critic refers to</span><span> the person who answers and responds to content that are posted by others, they also post reviews and comments about the products and services.</span>
4 0
4 years ago
What must a landlord or homeowner post that informs workers that the homeowner is not responsible for the work being performed?
Phantasy [73]

Answer:

A notice of cessation

Explanation:

A notice of cessation is a written notice that is issued by the contractee or the owner of a project (or his or her agent) to inform concerned parties that no work has been performed at the project site for a certain period. This notice also sets the time frame within which the affected parties may carry out their lien rights against one another

5 0
3 years ago
A hospital estimates that, based on past experience, it will incur $5 million in malpractice claims as a result of services rend
Gala2k [10]

Answer:

d) $5 million.

Explanation:

The amount that should appear on the year-end financial statement should be the most probable estimate. In this case, $5 million is the most probable because this is deduced from past experience, while $2 million is a practice that should be reviewed in the light of new information.

5 0
3 years ago
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