Industry is the supply side of the market. Question 10 options: True False

Business

1 answer:

maksim [4K]2 years ago

4 0

Answer:

TRUE

Explanation:

A good way to think about it is that industry, a general term for businesses engaging in productive practices, is concerned with the production of goods. These are the goods that are demanded by consumers. So as 'industry' is supplying those goods, it must be on the supply side of the market

You might be interested in

If you know how to think critically and have excellent problem solving skills, you are said to have strong

Ugo [173]

Answer:

Explanation:

its right

7 0

3 years ago

borishaifa [10]

The Pawnshop would be the highest risk for the customer.

8 0

3 years ago

Read 2 more answers

As an it professional you may support databases, but not do any application coding, why do you think it is still important to un

Anarel [89]

It is important to understand that the styles describe different aspects of applications. For example, some architectural styles describe deployment patterns, some describe structure and design issues, and others describe communication factors. Therefore, a typical application will usually use a combination of more than one of the styles described in this chapter.

3 0

2 years ago

A monopolist produces a. more than the socially efficient quantity of output but at a higher price than in a competitive market.

irina [24]

Answer:

Explanation:

First, a monopoly produce less than the socially efficient quantity because as the figure shows, the quantity produced is determined by the intersection between the marginal cost curve (MC) and the marginal revenue curve (MR) and not by the intersection between the MC and the demand. For instance, there is a deadweight loss (shown by the figure).

Second, equilibrium price is always higher than in a competitive market because is always higher than the MC. The price is determined by the equilibrium quantity (found before) and the demand. Also, there are barries to entry and so monopolist have always price control.

4 0

3 years ago

One person’s spending becomes another person’s income. This statement is

Paha777 [63]

Answer:

d. the Circular Flow Model

Explanation:

Based on the information provided within the question it can be said that this statement is an example of the Circular Flow Model. This model (like mentioned in the question) illustrates the flow of cash from different people or company's in different industries. Where one person/company pays another, which takes it in as income and uses that to pay another company for what they need and so on.

8 0

2 years ago