All categories

3 years ago

Which of the following condition will both consumers and sellers benefit?

1 answer:

5 0

Answer: Option C) When supply equals demand.

The most common supply curve decreases with price. The most common demand curve increases with price. The point at which supply and demand curves intercept each other is the equilibrium point. At that point (equilibrium), there are consumers who are paying less than what they are willing to pay (generating a consumer surplus) and there are producers who are selling at a price that is higher than what they are willing to receive (generating a producer surplus), then both consumer and producers benefit.

You might be interested in

A car plant used to produce 10 cars a day. With new technology, the same plant now produces 20 cars a day. The plant has increas

algol [13]

The plant as increased its production:
As it can make more than before, this means also that the plant is more efficient.
Hope this helps

4 0

3 years ago

Read 2 more answers

6. The motivation people feel to buy a product

mojhsa [17]

The correct answer would be Incentive.
Incentive is a thing that motivates or encourages one to do something.

3 0

3 years ago

Goodman Auto started the year with total assets of $300,000 and total liabilities of $175,000. During the year, the business rec

kow [346]

Answer:

The answer is $ 200,000

Explanation:

The net income reported by Goodman Auto for the year was,$475,000 - $275,000 = $ 200,000.

The net income is difference between revenue earned by the company and expenses incurred in order to earn this revenue. In the problem goodman auto revenue is equal to 475,000 and expense are 275,000. So the difference between 475,000 and 275,000 will be reported as net income.

5 0

3 years ago

In an effort to make better and more efficient purchase decisions, the Ford Motor Co. includes various people, depending on the

expeople1 [14]

Answer:

Buying Center.

Explanation:

A Buying Center is a group if individuals within an organization that are responsible for making purchase decisions.

The Buying Center is also called the Decision Making Unit (DMU), and it includes personnel from various departments.

7 0

2 years ago

An American executive is going on a business trip to Japan and England. Before she departs, she purchases $10,000 worth of Japan

Sedbober [7]

Answer:

The correct answer is $907.76.

Explanation:

According to the scenario, computation of the given data are as follow:-

1¥ = 82.54$

1£ = 132.03¥

Convert pounds to us dollars= £ ÷ $ = £132.03 ÷ $82.54

= 1.60$ ÷ £

Mean, 1£ = 1.6$

She has £567.35 .

After converting the pound into the dollar, she will receive = £567.35 × $1.60

= $907.76

Hence, she receive $907.76 if she sells the pounds.

3 0

2 years ago