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
Mkey [24]
3 years ago
12

Why is Supply and Demand a very important concept to microeconomics please state your reasons and why?

Social Studies
1 answer:
puteri [66]3 years ago
8 0

Answer:

Supply and demand are both important for the economy because they impact the prices of consumer goods and services within an economy. According to market economy theory, the relationship between supply and demand balances out at a point in the future; this point is called the equilibrium price.

You might be interested in
Micah is being asked in his psychotherapy sessions to discuss his early childhood experiences and dreams. micah's therapist has
Naddik [55]
<span>The tradition of placing much significance on early childhood experiences and to the content of dreams began with Freud over 100 years ago but has a lineage that extends into the present. Micah's therapist has been influenced by some school of work in the Freudian tradition, anyone from the original Freudians to modern forms of psychodynamic therapy.</span>
4 0
3 years ago
The inclusion of the elastic clause in the Constitution stresses the importance of which of the following: A) The preservation o
Mashcka [7]
<span>The correct answer is B) The need for government to adapt and to change.
</span><span>The "Elastic Clause" allows Congress to make laws it needs to carry out its own powers. This is an indication that the framers of the Constitution were aware of the need for legislation to reflect the changing times.</span>
8 0
3 years ago
A(n) ________ committee is a group of senior managers from the major business functions that works with the CIO to set the IS pr
Tpy6a [65]

Answer:

The correct answer is: Steering committee

Explanation:

Steering committee is a committee that guides and monitor projects in an organization. It is a group of senior managers or experts that work along with CIO to make important decisions, set priorities, provide guidance and assistance, monitor progress, resolve conflicts and make policies for the company.

5 0
3 years ago
Which three options below describe legislative functions?
Rudik [331]

1. The Senate Foreign Relations committee is a standing committee that reviews all legislation affecting international relations in the Senate

2. Sub-committee hearings might hear testimony from the Surgeon General or the President of General Electric  

3. A bill which has already passed through the whole process and been signed into law is repealed by a Congress with a different political agenda.

4 0
3 years ago
Read 2 more answers
How do the eastern lowlands differ from the interior lowlands
Lesechka [4]

Answer:

The Interior Lowland stretches from the Gulf of Mexico in the south to Hudson Bay in the north. While the southern and eastern portions of the Eastern Lowlands consist of the Gulf and Atlantic Coastal Plains, which wrap around the eastern mountains in a gradual slope to the sea.

Explanation:

7 0
3 years ago
Other questions:
  • Introductory psychology students performed best on a midterm psychology test if they had previously spent five minutes a day vis
    8·1 answer
  • Compare the sleep cycle of a dolphin to that of a human being.
    8·2 answers
  • George's theory of personality leads to the discovery of new links between cognition and brain functioning that were previously
    8·1 answer
  • What does "Q” represent on the graph?
    13·2 answers
  • What were the major goals of the british
    13·1 answer
  • What does region mean??
    8·1 answer
  • What type of religion did the Sumerian practice
    8·1 answer
  • Which of the following statements is not true?
    12·1 answer
  • Students can change the direction of the greater society through volunteering and other forms of involvement. They are also subj
    6·1 answer
  • Does a person have to respond if called for jury duty
    14·2 answers
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!