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svetlana [45]
2 years ago
6

What is the balance between supply and demand called ?

Business
2 answers:
n200080 [17]2 years ago
5 0

The balance between supply and demand is known as the market equilibrium.

The supply and demand are determined through the price mechanism in a free market. Such as if the goods or services are bought more frequently then their prices will go up and vice versa.

This means that the price mechanism helps to determine what goods are to be produced. In the case where the demand for good increase will result in price go up and will ultimately result in producers supplying more of those goods.

This system of price helps to scale the point where competing demands may be weighed by the consumer or producer requirements.

However, the movement towards the price equilibrium and the resulting balance between the supply and demand is known as the market equilibrium.

Learn more on supply and demand here: brainly.com/question/4804206

marta [7]2 years ago
5 0

Answer:

I think it is Market equilibrium

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3 years ago
Consider an auctioneer who is selling an item through an auction. It is known that the 25 risk-neutral bidders have affiliated v
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Answer:

2. second-price, sealed-bid auction.

Explanation:

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3 years ago
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3 0
3 years ago
Read 2 more answers
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8 0
3 years ago
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IrinaK [193]

Answer:

Simple interest= $273.7

Explanation:

<em>Simple interest is the interest on earned on the principal amount invested only. Kindly note that under this system, only the principal amount invested would earn interest over the course of the investment period</em>

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Simple interest= $273.7

5 0
3 years ago
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