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
Marysya12 [62]
3 years ago
8

How do businesses determine the equilibrium price of a good or service?

Business
1 answer:
Helen [10]3 years ago
6 0

Answer:

C. They set a price where the demand matches the quantity they are

willing to supply

Explanation:

The equilibrium price is the current market price as determined by supply and demand forces. It is the price at which buyers are happy to buy the entire supplied quantities. Suppliers are also happy to sell that quantity at the set price. The equilibrium price is, therefore, the intersection of the demand and supply curves.

At the equilibrium price, there is no excess or short supply of a product in the market.

You might be interested in
Calculate the GDP using the data below (all figures are shown in millions)
Anit [1.1K]

Answer:

$250 million.

Explanation:

To calculate the GDP using the following data (Personal Consumption = $ 50, Government Consumption = $ 20, Business Consumption = $ 80 and Gross Investments = $ 100) the following calculation must be performed:

50 million + 20 million + 80 million + 100 million = X

250 million = X

Therefore, the GDP is $ 250 million.

3 0
3 years ago
Inflation in the developing country of terbia has been rising over the last few years and is currently at a very high level. two
gtnhenbr [62]

Answer:

C) The central bank has been increasing the target interest rate at regular intervals and it is now at its highest level in eight years.

Explanation:

Since the central bank has been increasing the interest rates in Terbia, this means that it has been engaging in a contractionary monetary policy. In other words, the central bank has been decreasing the money supply in Terbia. If the money supply has been decreasing constantly during the last 8 years, then the high inflation rate cannot be caused by an increase in the money supply.

5 0
3 years ago
Omega, Inc. sells its fitness wrist band for $100. It cost the company $62 to make the product. While Tom values the Omega wrist
dangina [55]

Answer:

B. each customer's reservation price.

Explanation:

Reservation price is the highest amount a buyer would be willing to pay for a good or service.

I hope my answer helps you

7 0
3 years ago
Read 2 more answers
Which document is necessary for nearly everyone who applies for a job?
mestny [16]
I think it is an application OR a resume. That is usually what is necessary for applying for a job.
6 0
3 years ago
in the cost approach to valuation, land value can be estimated by comparing sales of vacant land that are similar to the subject
antoniya [11.8K]

The statement "in the cost approach to valuation, land value can be estimated by comparing sales of vacant land that are similar to the subject land" is true.

<h3>What is valuation?</h3>

Valuation is an estimation of the price of a good or a product. When a product is manufactured, its evaluation is estimated. It is estimated by seeing the manufacturing price, labor cost, and raw material cost.

Here, the valuation of vacant land and subject land is estimated, which is similar by seeing the comparison. So the statement will be correct about the comparison.

Thus, the statement is true.

To learn more about valuation, refer to the link:

brainly.com/question/16008101

#SPJ4

The question is incomplete. Your most probably complete question is given below:

State whether true or false.

6 0
2 years ago
Other questions:
  • In terms of per capita government spending, texas __________.
    14·1 answer
  • reply to the task: I'm going to be in DC next week and I want to go see the original Declaration of Independence. Where is that?
    12·1 answer
  • To set up a decision tree, you should Multiple Choice
    8·1 answer
  • Bloom’s has the following estimates for the upcoming year:
    9·1 answer
  • What would happen to the equilibrium price and quantity of lattés if coffee shops began using a machine that reduced the amount
    11·1 answer
  • The following items appear on the balance sheet of a company with a one year operating cycle. Identify the proper classification
    7·1 answer
  • What are your thoughts on Encanto?
    6·2 answers
  • Foundation for motivation
    11·1 answer
  • ABC company decides to invest in training for their workers. Select 3 likely reasons
    14·1 answer
  • A(n) _____________ assists in decision-making by considering the product/service, market, industry, and financial data.
    12·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!