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3 years ago

Supply and demand I don’t know which is which

Business

2 answers:

bogdanovich [222]3 years ago

7 0

To understand the market mechanism, one needs to have a good knowledge of demand and supply, as these two forces regulate the entire market. Demand implies the desire for a good, supported by the ability and readiness to pay for it. On the other hand, supply alludes to the total amount of a commodity ready for sale.

When demand rises there is a shortage in the supply and when a supply is enough the demand falls short, so there is an inverse relationship between these two elements.

Nowadays people are very selective regarding the things they use, carry and wear. They are very conscious about what to purchase and what not to? A little change in the prices or the availability of a commodity affects people drastically.

The demand and supply model is helpful in simplifying how the price and quantity traded are ascertained in the market as well as how the outside forces affect the demand and supply of the commodity. Go through with this write-up to get a clear understanding of the difference between demand and supply.

Akimi4 [234]3 years ago

7 0

Answer:

im confused

Explanation:

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What is cosideration

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he exchange of money and the receipt of the item is mutual consideration for the transaction. In every single agreement, there must be consideration in order for the agreement to be legally binding; it is a critical part of contract formation. ... In other words, each person in a contract must promise to do something.

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4 years ago

What is the maximum dollar limit per money order purchase?

Fed [463]

It differs from store to store. Usually it's around $500-$600 per money order slip. So if you want a $800 money order, you would have to get two seperate slips, but usually the maximum you can take out in two slips is around $1,000.

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3 years ago

Read 2 more answers

The amount of increase or decrease in cost that is expected from a particular course of action as compared with an alternative i

belka [17]

Answer:

differential cost

Explanation:

When you are elaborating a differential cost analysis between two alternative projects or actions, you are looking for the difference in total costs between both alternatives.

For example, you might elaborate a cost analysis to decide whether to continue or stop the production of a certain good. What are the costs associated with stopping the production versus thee profitability of continuing the production.

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3 years ago

Intask Corporation uses the FIFO method in its process costing system. Beginning inventory in the mixing department consisted of

sukhopar [10]

Answer:

$10,500 units

Explanation:

Calculation of equivalent units of production for conversion cost

First step is to find the Units started and completed during the period using this formula

Units started and completed during the period = Units transferred to the next processing department- Beginning inventory in the mixing department units

Let plug in the formula

Units started and completed during the period = = 12,000 - 6,000

Units started and completed during the period = = 6,000

Second step is to find the Equivalent units of production

Equivalent units of production=6,000 * 25% + 6,000*100% + 5,000*60%

Equivalent units of production=1,500+6,000+3,000

Equivalent units of production=10,500 units

Therefore the equivalent units of production for conversion cost will be $10,500 units

4 0

3 years ago

1. Antonio orders 50 bottles of wine from a French distributor at a price of $30 per bottle. 2. A U.S. company sells 200 spark p

vodomira [7]

Answer: consumption= 2500, imports = 1500, exports = 1000, net exports= -500, GDP = 2000 , investment =0, government purchases =0

Explanation:

this question is incomplete. in complete question we have to calculate consumption (C), investment (I), government purchases (G), imports (M), exports (X), net exports (NX) and gross domestic product (GDP) using the given information and abbreviation.

1. Antonio order will be considered as imports which are 50*30=1500

2. exports by US company spark plug selling to Korean are considered as X which are 200*5= 1000

3. net exports = exports - imports

NX = X - M ,

-500 = 1000-1500

in a nutshell, the economy is in deficit of 500

total C is 1500+ 1000=2500

GDP = C+ I + G + NX

GDP =2500 +0+0+ (-500)

GDP =2000

GDP is the value of final good and services which are produced within the boundary of an economy .

this question is about open economy because it includes exports and imports . this freely trade between different countries is considered as open economy .

no information is given for investment (I), government purchases (G) so these will be taken as 0

8 0

4 years ago