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Alexeev081 [22]
3 years ago
11

In the business buying process, the buyer and seller are often __________ one another. equally independent of less dependent on

more dependent on more independent of
Business
2 answers:
Lena [83]3 years ago
3 0

Answer:

equally independent

Explanation:

dusya [7]3 years ago
3 0

<u>Answer:</u>

<em> In the business buying process, the buyer and seller are </em><u><em>often dependent on one another. </em></u>

<u>Explanation:</u>

The buyer and seller are equally dependent on one another. As the seller will sell products only based on the <em>demand in the market and the amount of products</em> that are required in the market.

The Buyer will purchase the product which is available in the market hence depending on the <em>buyer and vice versa.</em>

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Suppose a technological improvement has lowered the cost of manufacturing cell phone batteries. This would lead to ___________ (
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Explanation:

Technological improvement has lowered the cost of producing cell phone batteries. This reduction in the cost of production will cause the price of cell phone batteries to decline. Since batteries are used as inputs in the cell phone. The reduction in the price of inputs means that the cost of production would decrease. The firms will be able to supply more at the same cost. The supply, as a result, will increase. The supply curve will shift to the right. The price of cell phones will decline.

Cell phones and landlines are substitutes. They can be used in place of each other. A decrease in the price of cell phones would cause the demand for landlines to decrease as the consumers will prefer a cheaper substitute.

The cell phones and applications, however, are use complements. They are used together. So when the price of cell phones decrease and its demand increase, the demand for cell phone applications will increase as well.

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