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
Anika [276]
3 years ago
11

In a market, buyers want to pay the _____ possible price and sellers want to charge the _____ possible price.

Business
1 answer:
nikklg [1K]3 years ago
8 0

Answer:

Lower; Higher

Explanation:

Lower; Higher

A consumer always wants to pay a lower price for the commodity in order to increase the consumer surplus. While the producer can increase their profit by charging higher prices. Therefore, the producer will try to charge a higher possible price.

You might be interested in
Country b has a gdp of $1 trillion and a gdp per capita of $27,000. its economy is a mix of manufacturing, high tech, services,
liberstina [14]

Based on the descriptions of the economy, the type of economy that country b has is a developed economy.

<h3>What is a developed economy?</h3>

A developed economy is an economy characterised by high GDP, high rate of GDP per capita, high level of technological advancement and favorable laws that encourages the development of businesses.

Examples of developed economies are United States, Switzerland.

To learn more about developed economies, please check: brainly.com/question/19496739

#SPJ4

3 0
1 year ago
An important safety precaution is to ensure that the tools put into use meet the ---------standards.
Tanya [424]
I imagine it's either OSHA or ANSI.
8 0
3 years ago
Which type of detail can a technical writer use to support information in a draft's body? A. an interesting quote B. financial f
SCORPION-xisa [38]

Answer:

A

Explanation:

będzie scen im a cóż i kilka psople

5 0
3 years ago
Three firms are currently producing and selling in a market. When one of the three firms exits the market, economists expect tha
Tpy6a [65]

Answer: higher; lower

Explanation:

From the question, we are informed that three firms are currently producing and selling in a market. When one of the three firms exits the market, economists expect that there will be a rise in the equilibrium price while there will be a reduction in the equilibrium quantity.

This is because when one producer leaves, there will be less supply of the good that is sold, this will eventually lead to a rise in price.

5 0
3 years ago
Consider the market to the right. compared to the perfectly competitive outcome, what would be the change in surplus if instead
Sonbull [250]

If the market had one supplier that was a monopoly then there would be only one firm operating in the market, with no competition.

In a market, a monopolist tends to charge a price higher and produces fewer units than a competitive market structure. Because of such higher monopoly price, the area of consumer surplus tends to decrease.

The market power of a monopoly affects both consumer and producer surplus as a firm is able to earn positive economic profits, and as it is a monopoly, other firms are unable to enter their market and cannot lead to competition.

Hence, a firm is a monopoly if it can ignore other firms prices.

To learn more about monopoly here:

brainly.com/question/17001862

#SPJ4

8 0
1 year ago
Other questions:
  • 6. Calculating a country's population growth rate takes into account all of the
    6·2 answers
  • If it takes a fan 20 minutes to walk to her seat in the last section in the stadium and it takes 5 minutes to get to the lowest-
    10·1 answer
  • An outside supplier has offered to make and sell the part to the company for $24.10 each. If this offer is accepted, the supervi
    10·1 answer
  • A severe cyclone causes substantial damage to a brick manufacturing company's production equipment. As a result, the company spe
    7·1 answer
  • Davison Toaster Corp. sells its products for $250 per unit. It has the following costs:
    13·1 answer
  • Compute net income for 2019 by comparing total equity amounts for these two years and using the following information: During 20
    8·1 answer
  • Billy owes a liquidated debt of $3,000 to Rayna, his personal weight trainer. Billy sends Rayna a check for $300 on which he has
    15·1 answer
  • The term inflation is used to describe a situation in which
    6·1 answer
  • 1) Suppose at market opening on 10/24/2019, the market expects the bond that matures in 2034 ("the longer-term bond") to provide
    9·1 answer
  • Carter invested $3,900 in an account paying an interest rate of 3. 9% compounded daily. Assuming no deposits or withdrawals are
    15·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!