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]
2 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]2 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
I need help with number 2,3,4,8,9,11,13,15,17, and 19.
baherus [9]
2.north and west
3. Gemeny
7 0
3 years ago
What is an economic indicator and why is it important? Use at least two complete sentences to provide your response.
sergejj [24]

Answer:

An economic indicator is a piece of economic data, usually of macroeconomic scale, that is used by analysts to interpret current or future investment possibilities. These indicators also help to judge the overall health of an economy.

Explanation:

5 0
3 years ago
Who was the general in Rome that defeated cartrhage
marysya [2.9K]
Scipio Africanus defeated Carthage at the Battle of Zama :)
4 0
3 years ago
Answer: <br> c. the country experienced high inflation
Shtirlitz [24]

Yes.

...................................................................

6 0
2 years ago
Required courses that build knowledge in a specific field are referred to as: A. elective requirements. B. college requirements.
AveGali [126]
I believe C is the answer <span />
7 0
3 years ago
Read 2 more answers
Other questions:
  • Which of the following activities takes place during a primary election?
    11·2 answers
  • General elections are managed by which of the following/
    5·2 answers
  • "a child in which of piaget's stages of moral development does not take intentions into account when determining whether a behav
    5·1 answer
  • John Hancock was a well-known figure in colonial America because he was _____.
    13·1 answer
  • (Name a cultural landmark in the South.) (Explain why this landmark is important to the South.) Please Giving 30 points
    10·2 answers
  • 1. Which of these is one of the results of the Schenck decision?
    8·2 answers
  • Activity 3: Findings
    11·1 answer
  • I NEED HELP WITH THIS!! PLZZ HELP ME
    15·2 answers
  • Do you believe that western countries like Britain,France and the United States of America followed the values of enlightenment
    6·1 answer
  • Was Nebuchadnezzar the Chaldeans' king? (true or false)
    11·2 answers
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!