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soldier1979 [14.2K]
2 years ago
15

In a competitive market, the price of a product: ___________

Business
1 answer:
solniwko [45]2 years ago
7 0

Competition exists in the market and the price of the product is determined by sellers and the quantity of the product produced is determined by buyers.

<h3>What is a competitive market?</h3>

A competitive market is a market where many producers compete with each other with the aim to provide goods and services.

The sellers determines how much a product cost.

Therefore, the price of the product is determined by sellers and the quantity of the product produced is determined by buyers.

Learn more on competitive market here

brainly.com/question/24781573

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a human resource professional comes up with a new way to recruit candidates for international positions that will result in more
LiRa [457]

The key to creating novel ideas is originality. A human resources professional devises a novel method of candidate recruitment.

<h3>What does it mean to recruit candidates?</h3>

The practice of constantly pursuing out, locating, and employing individuals for a certain post or career is known as recruitment. The whole hiring process, from the first stages to the recruit's absorption into the business, is covered by the term of recruitment.

<h3>Why is finding candidates crucial?</h3>

Businesses must hire employees. Finding qualified people for open positions, adapting to change, lowering attrition, and boosting morale are all made easier for organizations. Businesses can guarantee they have the staff they require for success by investing in recruitment.

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3 0
1 year ago
Why do we need government support?
MrRa [10]

Answer:

Government is necessary because it keeps order and people from doing whatever they want

Explanation:

Governments provide the parameters for everyday behavior for citizens, protect them from outside interference, and often provide for their well-being and happiness. In the last few centuries, some economists and thinkers have advocated government control over some aspects of the economy.

3 0
3 years ago
Read 2 more answers
There are not enough goods and services to meet the wants of the population
brilliants [131]

Answer:

Explanation:

The fact that limited amounts of goods and services are available to meet unlimited wants is called scarcity. ... Scarcity always exists. There simply are not enough goods and services to supply all of society's needs and wants.

5 0
1 year ago
A rent ceiling set below the equilibrium rent
Anna [14]

A rent ceiling set below the equilibrium rent creates a situation in which the quantity demanded of housing is greater than quantity supplied.

<u>Option: C</u>

<u>Explanation:</u>

Rent limit is the highest price a property owner can demand for rent. Rent ceilings are typically fixed by legislation and limit how high the rent can be in a given area. Although, the amount of affordable housing is also reduced as a consequence of this rule, as tenants are not interested in renting out their properties at a cheap price.

Nevertheless, if the limit is placed underneath the level of equilibrium then a reduction of deadweight is produced. Many issues come in the form of illegal markets, scanning time and charges that aren't leased precisely like key money i.e. high initial cost for new keys.

4 0
3 years ago
A population of wild horses has a growth rate (r) of 0.2 per year. If the population starts out with 50 individuals and there is
777dan777 [17]
The answer to this question is e
7 0
2 years ago
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