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geniusboy [140]
3 years ago
6

The amount of product available to the market is known as which of the following? Demand Interest Supply Resources

Business
1 answer:
Natalka [10]3 years ago
3 0

Answer:

Supply

Explanation: I had to the Economics Cencepts-Assessment ll for DECA today. I got all my answers off a quizlet...

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Scenario planning is a useful technique for firms competing in industries characterized by __________ and ____________.
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The blank spaces will be filled by these words:
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3 years ago
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What are institutional advertisements designed to promote
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To better show and explain a image, idea, and or organization for a business.

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7 0
2 years ago
​Vipsana's Gyros House sells gyros. The cost of ingredients​ (pita, meat,​ spices, etc.) to make a gyro is​ $2.00. Vipsana pays
andrezito [222]

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The average fixed cost is $2.4.

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Vipsana pays her employees​ $60 per day.  

She also incurs a fixed cost of​ $120 per day.

The cost incurred on ingredients and workers is a variable cost.  

The total fixed is thus $120.  

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5 0
3 years ago
. In a perfectly competitive market, the demand curve facing each individual seller is assumed to be ... a) perfectly inelastic
bagirrra123 [75]

Answer:

e) perfectly elastic

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Elasticity is a measure of the sensitivity of demand to the price of a product. If demand is elastic, bidders should avoid raising prices as demand decreases considerably. Conversely, when demand is inelastic, consumers are less sensitive to price changes. When demand is perfectly elastic, this means that a slight increase in the price of a good will cause all demand to flow to a competing supplier. This is observed in competitive markets where providers provide the same type of good for the market price. If one of them raises the price, he loses all of his market share. This is because consumers are rational and will buy the product that is offered at the lowest possible price.

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3 years ago
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