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
sp2606 [1]
3 years ago
11

In one or two sentences, describe the effect of competition on price.

History
2 answers:
Vikentia [17]3 years ago
4 0
The effect of the competition of price shifts the balance between supply and demand. For example, given an equilibrium quantity, when the price is high, this results to a surplus of quantity. Competition on price makes the market productive and the consumers get to choose many options. 
Natalija [7]3 years ago
3 0

The effect of competition on price lowers the price of a good or service for example say you where the only business selling shoes across the country you have the advantage of waxing thee prices on these goods because there the only ones in the market but than other producers and competition start selling the same product for a lower price this than faces you with the choice to lower you're prices or close down you're bussines you decide to lower the price, Basically the effect of Price of you're competition made you lower the price of you're products.

You might be interested in
5 points
d1i1m1o1n [39]

Answer: not prototypical behavior

Explanation:

A prototype is a representative example of a concept (ex: sexual harassment towards women but not men)

7 0
3 years ago
All of the following are solutions for reducing air pollution except
brilliants [131]
What are the options
5 0
3 years ago
Read 2 more answers
What I put for amendment 4 for my poster? I don't have to copy it on a blank white paper?​
mart [117]
Just summarize it. That might make it easier!
8 0
3 years ago
Read 2 more answers
Explain what made the fighting in WWI so different than that of previous wars. Be sure to include new technologies, tactics, and
Oksi-84 [34.3K]

Answer:

There were new technologies such as machine guns and submarines. Technologies that we only used by a few countries at the start. The development of tanks emerged during this period.

4 0
3 years ago
How do advances in technology affect the artistic expression of the time?
Fofino [41]

Answer:

because people would get on the electronics instead of the art and expression

Explanation:

8 0
3 years ago
Other questions:
  • Which two statements describe third-party politics since 1860?
    9·2 answers
  • Did the dkota people have two fire council and bands in the dakota nation'
    7·1 answer
  • Which statement is the best example of an appeal to pathos
    10·2 answers
  • What impact did washing machines have
    15·2 answers
  • What was a striking feature in the early phases of colonial development?
    8·1 answer
  • The year 1989 was significant in world history because that year
    6·1 answer
  • Why would the 19th amendment be controversial?​
    7·1 answer
  • Which statement describes the Democratic Party during Andrew Jackson’s presidency?
    6·1 answer
  • Please help fast!! Please double check it is correct
    11·1 answer
  • Please help please help
    9·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!