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DanielleElmas [232]
3 years ago
15

How is the price of the good determined in the market? Write with example​

Social Studies
1 answer:
Sholpan [36]3 years ago
5 0

Answer:

The market price of an asset or service is determined by the forces of supply and demand. The price at which quantity supplied equals quantity demanded is the market price. The market price is used to calculate consumer and economic surplus. ... Economic surplus is the sum total of consumer surplus and producer surplus.

<h3>plzz mark me as brainliest </h3>

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Don enters into a contract with Eve, who claims to have access to a stock-trading algorithm that will multiply an investment man
Nana76 [90]

Answer:

recover damages

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From the explanation above,we can deduce or conclude that this is a clear case of fraud in which the aforementioned parties which are Don(victim)a and Eve(perpetrator) of this case of fraud.

First and foremost,we should have an idea of what fraud means or connotes-It is an intentional or purposeful act deception by a individual(s) or body as the case may be towards another individual(s) or entity for the purpose of financial or material gains,not minding the medium in which it was portrayed.And it centres around lies,in order to convince or confuse the victim as the case maybe.

So in this case,Eve having lied to Don about having access to a stock-trading algorithm which could multiply an investment and thus,it wasn't so,then Don would have to file a suit and a proof of injury is required to recover damages in order to void the contract and get back money paid earlier on the basis of the contract,instead of affirming the contract because no sort of financial gains were made in the stock-trading transaction.

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