How do supply and demand help determine the price of a product?

Answers

Answer 1

Answer:

if supply is low but demand is high the price will go up due to limited supply however if demand is low and supply is high the price will be lower because there is a surplus of supplies and not very many people buying it  

Explanation:

Answer 2

Answer:

By creating a balance between buyers who want low prices and sellers who want high prices

Explanation:


Related Questions

answered "I am 27 years old and have just finished law school and passed the state bar examination. Now I am ready to begin my new career as a lawyer. I am not interested in a job with a big firm. I’d like to be more on my own. I have two friends who are in similar situations. But it takes money to start a law practice. A modern law firm needs a lot of business machines—computers, copiers, fax machines, and so on. Even in a small firm the lawyers might need to hire some helpers—a receptionist, maybe a paralegal worker. I want this firm to be a success, but I am not sure I have all the legal and business skills I need to pull it off." What type of business do you recommend?

Answers

Answer: I THINK YOU SHOULD DO WHAT YOU REALLY WANT

Explanation:

what degree is this?

a degree awarded by a university after completion of 2 or more years of work beyond a masters degree

Answers

Answer:

doctorate

Explanation:

What is quality management.​

Answers

Answer:

Quality management ensures that an organization, product or service is consistent. It has four main components: quality planning, quality assurance, quality control and quality improvement. Quality management is focused not only on product and service quality, but also on the means to achieve it.

Suppose the own price elasticity of market demand for retail gasoline is -0.9, the Rothschild index is 0.6, and a typical gasoline retailer enjoys sales of $1,450,000 annually. What is the price elasticity of demand for a representative gasoline retailer's product?

Answers

Answer:

-1.5

Explanation:

Given the following :

Rothschild index = 0.6

Elasticity of demand for total market = - 0.9

Annual sale = $1,450,000

Elasticity of demand for a representative retailer's product :

Using the Rothschild demand Elasticity relation:

Rothschild index = (Elasticity of demand for total market / Elasticity of demand for a representative retailer's product

0.6 = - 0.9 / Elasticity of demand for a representative retailer's product

Elasticity of demand for a representative retailer's product = - 0.9 / 0.6

= - 1.5

what are you all doing for hoolween this year?

Answers

Answer: I’m having a Halloween party with my parents and family because you know ya girl ain’t trying to get sick

Explanation:

REALLY EASY QUESTION!!

which of these would be considered an issue of law?
a. being excessively tardy
b. helping a child cross the street
c. lying to a friend
d. stealing from a store

Answers

D would be the correct answer due to the fact it is the only illegal option.

Answer:

Stealing from a store

There are at least three ways to submit a cover letter to an employer. Which methods are
most effective in your industry? Why do you think this?

Answers

Answer:

Introduction, Sales Pitch and Conclusion.

Explanation:

As would-be Entrepreneur, you are tasked to identify your dreamed business,
one that involves your interests. Indicate who are your potential market, target
market, available market and/or penetrated market. Write your answer in the space
provided.

Answers

Answer:

My dream business is organic poultry farming.

Explanation:

It is my hobby to have different types of hen breeds. So I would like to invest in my hobby. I would like to have breeds of organic hens that will lay more eggs. I will also invest in fancy chickens which are widely used as pet in backyards.

It has great potential for growth, as people are nowadays moving towards organic foods. The organic poultry market has grown from $7.5 billions to $7.7 billions from 2019 to 2020. The growth recorded is almost 2% despite the breakout of virus. People would like to buy fancy chickens as pets because they lay eggs and look cute in the backyards.

The return on fancy chicken breed is much higher than an ordinary chicken breed that only lays egg. I will start from 1500 baby chickens and will around 50 chicken tractors in a large 8 kanal area. This chicken tractors will help me to keep the death rate of the chickens low and are helpful in lowering the spread of diseases. Furthermore, it is moveable which means my chickens will have fresh grass to eat.

I will buy a small van that will be helpful in managing the delivery of food requirement and egg supply to my customers. To lower the cost of organic feed I will grow many types of plants, herbs, grass, etc in the 8 kanal area that will meet the protien requirements of the chickens. I will also water the land daily so that the waste of the chickens are accessed very quickly to plants.

Their many other tactics that could be used like leasing the land for 2 years because it will lower the investment required, plantation of plants that will grow its value over time, use of thick sheets that will protect chickens from and use of thin sheet that will protect them from mosquitos, etc.

Note: I wasn't able to access complete questions so I think the above explanation of business idea will be very helpful for you to construct a business plan.

If you find the answer very helpful then don't forget to rate it. Thanks

A business model is a document that describes all the phases necessary for the effective operation of a business and the achievement of objectives, such as the business line, value proposition, potential market, etc.

Assuming that your dream business is creating a cafeteria near a college, we can identify the components of the venture:

Potential market:

Part of the market you hope to attract in the future.

Young people and adults aged 15 to 35 years old from neighboring cities.

Target market:

The segment of individuals most likely to become your consumer.

Young students at XX College, aged between 17 and 27 years old.

Available market:

It is the metric used to define the number of people able to buy your products.

Penetration market:

Evaluates the use of its products and services by its customers in relation to the products and services of its competitor

Therefore, when starting a business, you must analyze the viability of the business through a business model and plan that seeks to offer value to your potential market.

It is necessary to segment your market according to the consumer profile to develop a marketing plan that attracts, retains and delivers value to the consumer, in order to become well positioned and competitive in the market.

Learn more here:

https://brainly.com/question/22023016

Your plan projects revenue of $5,000, $8,000, and $10,000 in years 1 through 3. Expenses are projected to be $9,000 for each of years 1 through 3. If your only funding need is the gap between revenue and expenses, which is the best estimate of your maximum cumulative funding need?

a) $0
b) $1,000
c) $4,000
d) $50,000

Answers

Answer:

c) $4,000

Explanation:

The only funding needed is the difference between revenue and expense.

For year 1: funding required is $9,000 -$5000 = $4000

For year 2: funding required is$ 9,000 - $8000 = $1000

For year 3: funding required is $9000 -$10,000 = -$1000

cumulative funding = $4000, + $1000 + (-$1000)

=$5000 - $1000

=$4000

please help me in this question
If you find the answer of this question then i will give you 50marks or points. ​

Answers

Answer:

255,000,000

Explanation:

Jacques designs and produces blankets. The selling price for each blanket is $25. Jacques spends $7.50 on the wool and thread to produce each blanket. For each blanket that Jacques produces, he pays himself $10.


What is the added value for Jacques’ blankets?

please help

Answers

Answer:

$7.50

Explanation:

Added value is the increase in value arising from the production process. It is between the price of the finished good or services and the cost of inputs.

For Jacques's blankets, the cost of inputs will be labor plus materials.

=$7.50 + $10 = $17.50

The selling price is $25.

Added value

= $25- $17.50

=$7.50

Which are types of mergers that involve corporations that have created subsidiaries? Check all that apply.


defacto
short-form
statuatory
hostile takeovers
triangular

Answers

Answer:

its shortform and triangular.

Explanation:

edge 2020

Thanks other dude who commented on the wrong answer!

How do management accountants help managers make business decisions?
A. Management accountants prepare local, state, and federal income
tax returns.
B. Management accountants make sure accounts are paid on time.

C. Management accountants provide accurate financial data and
analyze the data to make predictions.

D. Management accountants ensure that everyone pays their taxes.

Answers

Answer:

C. Management accountants provide accurate financial data and

analyze the data to make predictions.

Explanation:

Management accounting is an accounting arm that focuses on the accurate organization, analysis, presentation, and interpretation of a company's financial data for use by the management.  The information generated by management accounting is for internal use. It aids the top management team in its decision-making process.

Management accountants analyze and make recommendations on the business's operational aspects, such as costs of products and services purchased, product pricing, budget variances, margin analysis, market trends, and forecast.  

Which tool of monetary policy allows the Federal Reserve to increase the
money supply?
A. Increasing the discount rate on short-term loans
B. Selling treasury securities on the open market
C. Reducing the reserve requirement on banks
D. Raising interest on reserves paid to banks

Answers

Answer:

C. Reducing the reserve requirement on banks

Explanation:

The Federal Reserve( Fed) expects commercial banks to maintain a percentage of customer deposits in their custody. The amount that the banks keep is known as reserves. The Fed sets the percentage of deposits to be held as reserves. The Fed may adjust this percentage in line with its monetary objectives.

By reducing the reserve requirements percentage, commercial banks remain with a bigger portion of deposits that they lend out. It means banks will issues out more loans to customers. An increase in lending adds more money to the economy. Reducing the reserve requirement increases the money supply in the country.

HELP PLEASEEEE!!
Which of the following is unsecured short-term debit that a financial manager looks for as a low risk investment with a high return?
A. Commercial paper
B. Certificates of deposits
C. Equity Fiancing
D. short term loans

Answers

Answer:

hello dude b is the correct answer

please make me brainiest

Explanation:

hope it's helpful in future

I think it’s B- Certificates of Deposits

I don't love you anymore
A pretty line that I adore
Five words that I've heard before
'Cause you keep me on a rope
And tied a noose around my throat
You're gone, then back at my door
'Cause if you're gonna leave
Better leave, better do it fast
Can't live a little longer
Sitting on your lap
'Cause you know what you're doing
When you're coming back
And I don't want to have
Another heart attack
Oh, I can't be
Your lover on a leash
Every other week
When you please
Oh, I can't be
The kiss that you don't need
The lie between your teeth
The cut that always bleeds
The cut that always bleeds
Say you love somebody new
And beat my heart, to black and blue
Then they leave, and it's me
You come back to
To say you loved me all along
And kissed the bruises 'til they're gone
Bittersweet, 'cause I can't breathe
Inside your arms
'Cause if you're gonna leave
Better leave, better do it fast
Can't live another minute
Bleeding from my back
'Cause I don't have another one
For you to stab
And I don't want to have
Another heart attack
Oh I can't be
Your lover on a leash
Every other week
When you please
Oh, I can't be
The kiss that you don't need
The lie between your teeth
The cut that always bleeds
The cut that always bleeds
But even though you're killing me
I, I need you like the air I breathe
I need, I need you more than me
I need you more than anything
Please, please
'Cause I could be
Your lover on a leash
Every other week
When you please
Oh, I could be
Anything you need
As long as you don't leave
The cut that always

Answers

Answer:

thats deep

Explanation:

Answer:

Explanation:Nym7ung

Tvhgffhjhg

You observe two locations, both restaurants you own. Location A has 450 passersby between 11:00 a.m. & 2:00 p.m. and 9.1% enter your restaurant as customers. Location B has 600 passersby between 11:00 a.m. and 2:00 p.m. and 6.5% enter. Which location has the higher number entering your restaurant?

Answers

9.1% of 450 is 40.95, 6.5% of 600 is 39. Therefore, Location A has the higher number entering your restaurant.

What happens to birds that don’t get sold in the pet store?

Answers

they get sold to another shop with higher demand, or become breeding stock

What is meant by the phrase “Keeping up with the Joneses”?

a
This phrase refers to the human behavior of wanting to spend more because we see others around us spending more and enjoying goods and services that we think we would enjoy as well.
b
This phrase refers to the concept of saving up for only your needs in your budget, not your wants.
c
This phrase refers to the annual event in August where investors compete with each other to see who can beat the market.
d
This phrase refers to the newest reality television show that demonstrates the effect of saving early and often.

Answers

Answer:

D This phrase refers to the newest reality television show that demonstrates the effect of saving early and often.

Explanation:

A reference to the reality show Keeping up with the Kardashians.

what are some type of jobs for 14 or 15 years old

Answers

-Dish washer
- Ice cream scopper

Discuss two accounting principles that are, in
your opinion, the most important and form the
foundation of modern-day accounting. Explain
the reasons for your choices.

Answers

Answer:

Revenue Principle and Cost Principle

Explanation:

Revenue principle  defines a point in time when bookkeepers may record a transaction as revenue on the books. This principle states that revenue for the business is earned and recorded at the point of sale.

Cost Principle states that you should use the historical cost of an item in the books, not the resell cost.

Answer:

Matching principle because it is an accounting principle for recording revenues and expenses. It requires that a business records expenses alongside revenues earned.

Disclosure principle because increased transparency in the corporations' operations and management makes it easier for investors to make informed decisions. It also cuts down on the possibility of manipulation or misuse of investors' funds.

1.5. Elaborate on the meaning of induction and explain its purpose.

Answers

Induction in business can be defined as the process of acquainting new employees with your business in a workplace.

It has to do with helping this new employees to settle in and as well enlightening/orientating them with information they need/require necessary for them to become valuable team members to achieve set goals.

Induction generally help employees to acclamatise and as well adjust to their jobs and working environment as well.

FUNCTIONS

- To help the employees learn the policies the guide the business or organization.

- To help the employees learn the practices the business or organization is concerned with.

- Induction help employees to quickly learn the practices of a business or Organization.

- It also enlightens the employees on the ethics and ettiquettes guilding the business or organization.

- To make the employees uñderstand the systems and procedures that are followed by the business or organization.

- It also help new employees to settle down rapidly as well as gives them a sense of belonging.

Three types of Induction exists which are; General Induction Programme, Specific Orientation Programme and Follow-up Induction Programme.

Taking money to allow someone to get what they want is a(n) ___ choice
ethical
unethical
neither

Answers

Answer:

its b, unethical

Explanation:

fix your grammer

Answer:

Unethical

Explanation:

Imagine yourself later on down the line knowing that you did something that you can't undo. Think before you react!!! People are challenged every day, but it's up to you to make that right decision.

Gregory is the marketing head of his company. His company has been manufacturing and selling canned processed foods for decades. These canned foods have been widely sold all across the nation. Consumers have grown to identify his company's brand of canned foods. What type of product advertisement should Gregory use to sell his company's canned food

Answers

Answer:

the answer is D. Its not c

Explanation:

Mr. Alex is the marketing manager of the company and he wants to implement a new way to promote the products in the market but his senior manager did not permit him and forced him to work strictly in accordance with the plan. Which limitation of planning is highlighted in this case

Answers

Answer: Planning reduces creativity

Explanation:

Under Planning reduces creativity, all team menbers are instructed or directed to work within the frame given by the management to them, working outside the frame of what was issued would go against the directives of the organization. This type of limitation of planning limits creativity, because members won't be able to introduce ideas to advance the growth of the team.

What is the difference between irregulars and seconds?

Answers

Answer: Have minor flaws that are not noticeable. Seconds: Have noticeable flaws, such as holes

Explanation:

Definitely what the person above me said

write the use of hydraulic press

Answers

Answer:

Hydraulic presses are used for ;

ForgingClinchingMouldingBlankingPunchingDeep drawing Metal forming operations. Creating more intricate shapes Can be economical with materials.

Explanation:

What are the remedial measures of unemployment in nepal?explain​

Answers

Measures to reduce unemployment: (1) Remedial measures: (a) Labour intensive techniques; (b) Population control; (c) Remove bottlenecks in the way of working of industries; (d) Encourage self-employment; (e) Policy of decentralisation; and (f) Restructuring the educational system.

To bring _____ to life, experts advocate a forceful, integrated approach to ethics that includes establishing expectations for ethical behavior at all levels of the organization, from the CEO to the night-time cleaning crew. Group of answer choices social responsibility a code of conduct business ethics a code of ethics

Answers

Answer:

a code of ethics

Explanation:

For this assignment, you will create a budget using the Cost of Living Worksheet. (Do not round any percentages.)

Cost of Living Worksheet
Your job: Sales Representative
Average Salary: $36,000 annually / $3,000 monthly. Note: these are pre-tax amounts, so your take-home pay will be roughly $2,000 monthly.

Based on your salary, what percentage of your monthly take-home pay will go to each of the following expenses? You will use $2,000 as your total take-home pay for the month.

Instructions: Fill in the last column with the correct percentage. The first one, the apartment, has already been done for you. The apartment is $500/$2000 = .25. So, 25% of your monthly total take-home pay goes towards rent. Complete and submit your assignment to 04.01 Your Money Now.

Expense Amount Paid % of total take-home pay of $2,000 per month
Apartment Rent (1 bedroom, 1 bathroom apartment) $500/month 25%
Car Payment (purchased used 4-door sedan) $250/month
Insurance (renter’s insurance, car insurance, health/dental insurance) $200/month
Gas/Parking $200/month
Groceries $360/month
Utilities (electricity, water, gas, garbage, cable) $80/month
Clothing budget $50/month
Entertainment (movies, eating out, etc.) $50/month
Savings Account $150/month
Emergency Fund (car accident, sick leave, house fire, etc.) $115/month
Total expenses $1,955/month

Answers

Answer

1- 25%

2- 12.5%

3- 10%

4- 10%

5- 18%

6- 4%

7- 2.5%

8- 2.5%

9- 7.5%

10- 7.5%

Total expenses =97.75%

Explanation:

You divide everything,So for example 500 divided by 2000=0.25

Then you turn it into a % so 25%

HOPE THIS HELPS

Answer:

Answer

1- 25%

2- 12.5%

3- 10%

4- 10%

5- 18%

6- 4%

7- 2.5%

8- 2.5%

9- 7.5%

10- 7.5%

Total expenses =97.75%

Explanation:

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