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ddd [48]
3 years ago
7

ARTICULATE THE MAJOR APPLICATIONS OF DEMAND AND SUPPLY TOOLS IN DIFFERENT TYPES OF MARKETS . REFERENCE SHOULD BE MADE TO ANY EME

RGING ECONOMY OF YOUR CHOICE.
Business
1 answer:
zvonat [6]3 years ago
7 0

Answer:

Demand and supply are important tools for formulating an economy. The major role is played by demand and supply function in an economy. Demand and supply of a product decides the price for it.

Explanation:

Demand and Supply of a product is set in order to achieve equilibrium in an economy. If demand for a product is higher than its supply then it will create burden on its price and prices for the product will increase. If the supply for a product is high and demand is low then the prices will decline as customer will have sufficient supply to buy from and they will buy at lowest possible price.

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3 years ago
Brandon's wallet slips from his jacket pocket in the mall. By the time he realizes his wallet is missing and reports the loss, a
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Answer:

$950

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Since the total amount of items purchased by the thief is $950, then Brandon has to pay back the amount deducted from his card.

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AfilCa [17]
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Assume Countries A, B, and C produce goods that are substitutes of each other and that these countries engage in trade with each
sveticcg [70]

Answer:

The answer is: C) decrease; increase

Explanation:

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6 0
2 years ago
Hot Rods, Inc. is an automobile manufacturing company that obtains its automotive parts from the same supplier. The price, quant
Marianna [84]

Answer:

Here the situation can be termed as the straight re buy.

Explanation:

Straight re buy is one of the types of buying situations, where the purchasing and reordering of supplies is made on a routine basis from a particular supplier. Here suppliers are also making efforts on their parts to maintain the quality of product and services and also maintaining a proper automated reordering system which would help in saving time.

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