What are good market?

Q: What is difference between goods and services?

A: Both goods and services are very important for the economy. The consumers purchase many products to…

Q: whats the differences between basic, producers’ and purchasers’ prices?

A: Basic price :- This is the amount producer receive from the sale of product, which includes…

Q: What is the market situation exist when there are many buyers and many sellers? *

A: There are many type of market in the economy like Perfect competition , Monopoly , Oligopoly and…

Q: Markets for Goods and Services

A: There are different types of sector model such as 2-sector model, 3-sector model, 4-sector model. In…

Q: How does the government intervene on the market?

A: There are three types of economic structure which are command or socialist economy, capitalist…

Q: Name the three markets.

A: The three groups of markets form the foundation of the macroeconomy. Each set of markets exchange a…

Q: What is the market price (market value) of the product?

A: Market price occurs at the point where the market demand and market supply curve intersect each…

Q: How does change in price affect CONSUMER OPPORTUNITIES?

A: Microeconomics refers to the branch of economics that is concerned with a single factor and affects…

Q: What is Supplies?

A: Supplier: A provider is an element that provisions products and enterprises to another association.…

Q: What is contemporary issue. Explain the concept

A: The word contemporary is defined as the present time, current or scenario. The contemporary issue is…

Q: How does change in expectation affect the demand curve? How a change in price affect the demand…

A: Demand curve refers to the downward sloping line that represents all the levels of quantity demanded…

Q: Bread is always a consumer good?

A: consumer good is a good which is use to satisfy consumer wants and needs of current time

Q: It is better to pay regular price than to stand in a long line for a free item?

A: Opportunity cost represents the benefit an individual misses out for not choosing the alternative.…

Q: Difference between Tu and Mu?

A: Utility gets used to measure the satisfaction level or benefit obtained from consuming a good or…

Q: law of supply?

A: The ‘law of supply’ states, ceteris paribus (keeping other things constant) when the price(P) of a…

Q: What is world market

A: The world market is the aggregate of all national markets, seen as linked through mutual economic…

Q: What is produce.?

A: Let's think about the first issue: which goods should be produced, and in what quantities? Producing…

Q: A market is any arrangement that allow buyers and sellers to exchange things

A: # Buyers and sellers engage into the activity of the transaction of goods and services. Such…

Q: Name two types of consumer market

A: Hi! Thank you for the question, As per the honor code, we are allowed to answer three sub-parts at a…

Q: What is Market Mechanism

A: Market mechanism:- The market mechanism is a technique that optimizes the allocation of commodities…

Q: what is the main problem in demand and supply

A: Meaning of Microeconomics: The term microeconomics refers to that situation under which the…

Q: What is Supply

A: Supply: - in economics, the supply is the amount of a good or service available for sale in the…

Q: Which is NOT the stage that customers go through in the process of adopting a new product?

A: The 5 stages are: product awareness, product interest, product evaluation, product trial, and…

Q: A. a change in technology. B. a change in the number of firms selling the good. C. a change in the…

A: In economics, we define the quantity supplied of a good or service as the amount of that good that…

Q: what to produce

A: Meaning of Economics: The term economics refers to the situation under which there remain…

Q: O more

A:

Q: Serious natural disasters like hurricanes and tornadoes cause widespread and extensive damage to…

A: When natural disasters like hurricanes and tornadoes cause widespread and extensive damage to…

Q: o

A: Given 1st choice = 13747 lumpsum payment today 2nd choice = 150 $ monthly for 9 years Interest rate…

Q: What refers to the amount of the satisfaction derived from the consumption of the commodity Help•••

A: It is the UTILITY which refers to the amount of the satisfaction derived from the consumption of the…

Q: What are goods and services

A: Economic decisions are those decisions in which people will choose what to do with limited…

Q: What is supplied

A: Demand is the quantity of an item or service that consumers buy at various prices during a specific…

Q: difference between goods and services?

A: Economics refer to the study of allocation of scarce resources in the most optimal way, when the…

Q: Price is 500 Quantity is 4 Find TR

A: It has been provided that  Price is 500 Quantity is 4

Q: What is imperfect market

A: The market is a location where the transaction of services and commodities takes place.

Q: What did the government encourage people to to increase the food supply and reduce the demand for…

A: To reduce the demand for commercially grown food,government initiated plant victory gardens to…

Q: What is beautiful?

A: Beautiful is a term related to the attractiveness of a place or person.

Q: The effect of the changes in income and prices?

A:

Q: d) There is an increase in income e) taste increase for the good

A: Answer to the question is as follows :

Q: Factors that influence demand and supply

A: Supply and demand, in economics, is relationship between the amount of goods that producers want to…

Q: Economics Does you tube price taker or maker? please explain

A: In economics, a price taker is a market participant who lacks the power to set prices. A price taker…

Q: a. an increase in the price of the good.

A: The supply curve shows the movement that occurred due to the increase in price. More quantity will…

Q: How do market affect your life

A: Market is the place where seller and buyer are exchange the goods and services at a specific Place.

Q: What is the story for this question?

A: The effects of a shock involving a fall in money supply can be well explained using the IS-LM…

Q: How does wealth and power effect relationships between producers and consumers?

A: Factors of production such as land, labor, capital, and enterprise are important for the business as…