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
Dafna11 [192]
3 years ago
11

16) When supply is fixed or the product is unique, then price is A) supply determined. B) demand determined. C) government deter

mined. D) indeterminate.
Business
1 answer:
Rudiy273 years ago
3 0

Answer: B) demand determined.

Explanation:

If the supply of a good is fixed or the product is of a unique kind, the price of the good will be determined by the amount of demand for it.

Normally supply can change based on the quantity demanded which will impact prices but if the supply is definite, this means that the supply curve is inelastic and the only curve that can affect price therefore is the demand curve.

If more people demand the good, it will increase in price and if less people demand it, it will fall in price.

You might be interested in
On average, 35% of the sales on account are collected in the month of sale, 40% are collected in the month following sale, 10% a
stellarik [79]

Answer:

35% of sales(say $2,000,000) in April

$700,000

Explanation:

Step one :

Assuming that the sales made for April is $2,000,000

According to the conditions in which money is collected 35% of sales made for a month is collected for the month

For april the expected amount

=35/100*2,000,000

=$700,000

4 0
4 years ago
Read 2 more answers
If you stare at a red patch and then look at a red apple, will your experience of the redness of the apple be stronger or weaker
Montano1993 [528]
It will be weaker. According to Hering’s opponent-process model, our eyes will experience a certain level of fatigue after observing a certain object for a prolonged period of time. This level of fatigue usually happen only temporarily and you could experience the same level of color distinguish if you let your eyes rest for a while.
7 0
3 years ago
Read 2 more answers
Experts in operations management for service industry type businesses stress:
stealth61 [152]
The correct answer would be : training employees on quality management
Operational managers are responsible in handling all company's resource to achieve its goal. In a service industry ( like public accounting, maid cleaning services, financial adviser, etc) quality topped any other aspect of the products. That's why experts in operation management will focus on the increasing employees' quality

5 0
3 years ago
Which of the following is broadly defined as the development of new products, processes, organizations, management practices, an
omeli [17]

<span>In development of new products, the most defined aspect is the processes.  It takes a great deal of effort and time in product creation in laboratories. Testing the feasibility of new product in actual manufacturing environment. Trials are done to capture and document actual procedures, machine specifications, safety requirement, and actual working parameters to achieve the desired specification of the new product. </span>

3 0
4 years ago
How do i know if i received the third stimulus payment?.
alexandr1967 [171]

Answer:

Use the IRS Get My Payment tool to track stimulus money

For the third stimulus check: It's worth visiting the IRS' online portal designed to track the status of your 2021 payment. Generally, it should tell you when your check will be processed and how you'll receive it: for example, as a paper check in the mail.

Explanation:

4 0
3 years ago
Other questions:
  • The Chemco Company uses a highly toxic chemical in one of its manufacturing processes. It must have the product delivered by spe
    9·1 answer
  • In response to some recent customer complaints about poor​ service, francesca prepares a training presentation and manual for cu
    6·1 answer
  • The biweekly taxable wages for the employees of rite shop follow. Compute the FICA taxes for each employee and the employers FIC
    10·1 answer
  • Match each feature with the savings account type.
    13·2 answers
  • So why it is a ration decision to make sure the marginal benefits outweighs the marginal costs? (Be detailed, you can use exampl
    5·1 answer
  • "Bardron, an information technology company in the country of Conimount, wanted to start its business in the country of Bertholt
    13·2 answers
  • Which of the following is NOT an advantage of owning a car?
    13·2 answers
  • Taylor Systems has just issued preferred stock. The stock has a 10​% annual dividend and a $ 110 par value and was sold at ​$119
    8·1 answer
  • The Great Railway Strike of 1877 __________. Group of answer choices represented a weakness in the system that allowed railroads
    7·1 answer
  • What is the management information system that manipulates information to create business intelligence in support of strategic d
    9·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!