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
Tanya [424]
3 years ago
5

1. how does demand help societies determine what, how, and for whom to produce?

Social Studies
2 answers:
sweet-ann [11.9K]3 years ago
5 0

According to economic theory, there will be a certain level of "supply" and "demand" for a given product in an economic system.

It is up to this principle that individuals engage in activities in order to provide different types of goods according to the level of demand each of them has. If there is a growing demand for a certain product, individuals within the economic system will probably make efforts in order to produce goods that will supply that demand and make them profit. Demand will stabilize when the price for a determined good represents the maximum amount a buyer is willing to pay for it.

NNADVOKAT [17]3 years ago
3 0
Society needs to make choices about what should be produced, how should those same goods and services be produced
You might be interested in
What issues did the Roman Empire have with getting taxes paid by all people?
zhuklara [117]
C because i took this test and got it right
7 0
3 years ago
Read 2 more answers
Quotes from revolutionary leaders about common sense
cestrela7 [59]
Honest ignorance or knavish hypocricy by john adams.

4 0
3 years ago
Which of the following best completes the diagram?
velikii [3]
The answer to your question is c
5 0
3 years ago
John did not know that Jesus was greater than he was.<br><br> True<br> False
SSSSS [86.1K]
FALSE! He actually said jesus was greater than him ;) 
6 0
3 years ago
Read 2 more answers
What is the slope of the line that connects the points (0,7)<br> and (4, 15)?
frutty [35]
Answer: m = 2 !!!!!!!!

7 0
3 years ago
Other questions:
  • When Polar Inc., an American fast-food company, wanted to market its burgers and fries in France, it was asked to import French
    13·1 answer
  • What resulted because of the Enclosure Acts? Select all that apply. Rural poor lost their land. Industrialized areas became envi
    7·1 answer
  • What are the government effort do to deal with the issue of slavery
    14·1 answer
  • What is the wrong spelling
    13·1 answer
  • Which 1962 supreme court decision held that states must reapportion their legislative district
    8·1 answer
  • How does the life of a hunter -gatherer compare with that of a settled farmer
    13·1 answer
  • Please help you beautiful human being &lt;3 14 points teehee
    14·2 answers
  • With this type of government citizens cannot speak out against policies
    11·1 answer
  • Which of the following occurrences is a major cause of earthquakes in the Indian Subcontinent?
    9·2 answers
  • Can some one please help me
    14·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!