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Whitepunk [10]
3 years ago
15

Which statement applies to the commodities exchange

Business
2 answers:
vredina [299]3 years ago
6 0

Answer:dear God, i think the answer might be it has a set of regulations that must be followed

Explanation:

lidiya [134]3 years ago
4 0

Explanation:

Commodities Exchange is a Market, either physical or virtual, where different commodities are being traded with different volumes. Most commonly traded commodities which are traded physically are agricultural commodities, which may include Rice, Wheat, Corns, nuts, seeds, etc. Most commonly traded commodities, which are traded virtually through a system or software with the help of internet, may include Oil, Gold, Stocks, Silver, other precious metals, Soy, etc.

A large number of buyers and sellers are present in commodities exchange market. People buy and sell different commodities, derivatives, stocks, options, futures, spots etc.

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Why is it necessary for us to have knowledge and professional education? show the relationship between education and professiona
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Answer:

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4 years ago
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Naddik [55]

If the price of steak rises, a consumer who had been maximizing his or her utility before will buy less steak because its "marginal utility to price ratio is now lower than for other items."

<h3>What is marginal utility?</h3>

In economics, marginal utility is the optimum quality or benefit (utility) which a buyer receives by purchasing an additional units of a product or service.

Some key features regrading the marginal utility are-

  • The concept means that the utility and benefit of an extra unit of a product to a consumer is proportional to the quantity of units of such a product he currently owns.
  • The given example shows marginal usefulness.
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To know more about the marginal utility, here

brainly.com/question/15050855

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