describe how supply and demand impact the cost of a good of service

Answers

Answer 1

Answer:

see below

Explanation:

Supply

Supply is the volume of a product or service that suppliers are willing to sell at the market at the stated price. The quantities supplied have a direct impact on the price of the product or service.  The ideal volume is the equilibrium quantity, where there is no excess or short supply.  Both sellers and buyers are happy with the price at the equilibrium quantity.

Should supply exceed equilibrium quantity, there is an excess supply in the markets. Many suppliers try to sell to a few buyers.  Consequently, the prices decrease. When supply is below the equilibrium quantity,  it causes a shortage in the market. As buyers compete for the few available products and services, prices increase.

Demand

Demand refers to the quantities that buyers are willing to purchase at a given price in a period. There exist a direct and proportionate relationship between the demand and price of a product or a service. An increase in demand causes the price to rise. When the demand falls, the prices decline.


Related Questions

Ed, an employee of the Natural Color Company, suffered from a rare disease that was very expensive to treat. The local media ran several stories about Ed’s problems, and the family created a website that generated more than $10,000 in gifts from individuals to help pay the medical bills. Ed’s employer provided hospital and medical insurance for its employees, but the policy did not cover Ed’s illness. When it became apparent that Ed could not pay all of his medical expenses, the hospital canceled the $25,000 Ed owed at the time of his death. After Ed’s death, his former employer paid Ed’s widow $12,000 in "her time of need." Ed’s widow also collected $50,000 on a group term life insurance policy paid for by Ed’s employer. What are Ed’s and his widow’s gross income?

Answers

Answer:

Ed and his Widow's Gross Income is:

$97,000

Explanation:

a) Data and Calculations:

Gifts from individuals     $10,000

Medical expense offset  25,000

Time of need pay             12,000

Group life insurance       50,000

Gross income               $97,000

b) Ed and his widow's gross income is $97,000.  It is the sum of  all forms of earnings before any deductions or taxes. The gross income is higher than the net income, which is defined as the gross income minus taxes and other deductions.

A
person who
owns stock in a
corporation.

Answers

shareholder or stockholder

milk = $3.15
Romaine lettuce= $3.46
Zesty italian dressing= $1.76
Quaker instant grits= $3.48
(4) Chef Boyardee Beefaroni = $3.52
Nestle pure life 12 pack= $1.94
soap= $3.97
clorox= $2.48
subtract these prices from $145 for how much is left!

Answers

$121.24
.
Hope this helps

explain the steps of process of online transaction​

Answers

Answer:

Stages of Online Transaction:

Pre purchase/Sale:

Purchase/Sale:

Delivery Stage:

The steps involved in online transaction are as follows:

Registration:

Placing an Order:

iii. Payment:

Answer:

Online transactions occur when a process of buying and selling takes place through the internet. Transactions between the buyer and seller that are carried out and completed with the help of internet are called online business transactions.

The steps involved in online transaction are as follows:

i. Registration:

The consumer has to register online on the particular website to buy a particular good or service.

ii. Placing an Order

When a customer likes a product or a service, he/she puts the product in the ‘shopping cart’.

The buyer then proceeds to the payment option after selecting all the products.

iii. Payment

The buyer then has to select the payment option, he/she has various payment options. These payment pages are secured with very high-level encryptions so that the personal financial information that you enter (bank/card details) stay completely secure.

Explanation:

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#keep learning!!

Type the correct answer in the box. Spell all words correctly.

Which form of marketing do firms use when they market their products to all consumers alike, even when not all of them constitute the target audience?
When firms market their products to all consumers alike, even when not all of them constitute the target audience, they exhibit (___?___) marketing.

Answers

Answer:

Outbound Marketing is the correct answer

Explanation:

Answer:

outbound marketing - I just took the test this is correct

Explanation:


Which choice best describes differences in corporate decision-making
between the United States and the European Union?
A. Workers in the United States are usually more involved in
corporate decision-making.
B. Workers in the European Union are involved less in decisions over
labor.
ternati
C. Workers in the European Union are usually more involved in
corporate decision-making.
D. Workers in the European Union are usually less active in trade
unions.
expand
SUBMIT

Answers

Answer:

C.WORKERS in the European union are usully move involved in corporate decision-makng

Answer: workers in the European Union are usually more involved in corporate decision-making.

Explanation:

A p e x

Countries use monetary policy in order to:
O A. increase investment in specific industries.
O B. ensure economic equality for all citizens.
O c. manage the supply of money that is available.
O D. encourage companies to import goods.

Answers

Answer:

O c. manage the supply of money that is available.

Explanation:

Monetary policies are deliberate macroeconomic initiatives undertaken by the Federal Reserve to control the money supply in the economy. The Fed has several monetary policies it can use to achieve the desired results. Some policies increase the money supply( Expansionary monetary policies ). Others reduce the money supply in the economy ( Contractionary monetary policies).

Monetary policies are used together with fiscal policies to achieve the overall macroeconomic objectives.

Answer: C. Manage the supply of money that is available

Which function of money describes its ability to enable trade between
different people?
A. Store of value
B. Measure of value
O C. Standard of deferred payment
D. Medium of exchange

Answers

Answer:

D. Medium of exchange

Explanation:

A medium of exchange is any physical object used as a measure of value to facilitate the transfer of goods and services between sellers and buyers. A medium of exchange acts as a go-between in transactions. In modern trade, money is the most widely accepted medium of exchange.

Today, goods and services are given a monetary value. Trade becomes relatively easy as buyers and sellers know how much money is needed to complete a transaction.

In July, Harry's shoes sold 8 pairs of purple crocs for $75 each. On the first day of August, he lowered the price of purple crocs to $50 each and sold 27 pairs during the month. Does this demonstrate Elastic Demand or Inelastic Demand? ​

Answers

Answer:

Elastic Demand

Explanation:

The term elastic means stretchy or stretching. Elastic demand implies a demand that is changing or moving.

Elastic demand is the term used to describe the demand for a good that changes due to an increase or decrease in prices. A product or service whose demand changes significantly in response to a small change in price is said to have elastic demand.

The scenario described in this case is that of elastic demand. The demand for purple crocs rose from 8 in July to  27 in august. An increase of 19 units, which represents an increase of 237 percent. The increase in demand was a result of a decrease in price from $75 to $50.  The price changes by $25, which is a decline of 33 percent. A drop in price by 33 percent results in a rise in demand by 237 percent is an illustration of elastic demand.

what is martin suarez current physical address

Answers

Answer:

174 Se Naranji Ave,Port Saint Lucie,FL; 38 Saint Fitchburg,MA;461 Se Thornhill Dr,Port Saint Lucie FL

Explanation:

The last stage in sales is
Conviction
Action
Desire
Interest

Answers

Answer will be ‘Desire’ according to me.

Answer:

action

Explanation:

If you plan to take money out of the bank frequently, what type of account should you get? A. A savings account B. A checking account C. An interest account D. An investment account

Answers

Answer:

B, A checking account

If you have the intention of taking money from your account fairly frequently, you should get B. A checking account.

A checking account:

Allows for a lot of withdrawal and deposits Does not accrue much interest for the owner Allows for withdrawal via several means such as ATMs, checks, and debit cards.

Checking accounts would be best to get if you want to withdraw frequently because the fees are less for withdrawals.

In conclusion, a checking account would be best for you.

Find out more at https://brainly.com/question/8245649.

Question 2 (1 point)
Huda wants to buy soda. A 12-pack costs $9.50. She knows that with the local sales
tax of $2.00, the total should be $11.50. However, when she gets to the checkout,
the total is now $13.00. Which type of tax is Huda MOST likely paying that would
explain the extra $1.50?
estate
excise
inheritance
O income
Question 3 (1 point)

Answers

Excise, it's an extra tax which makes you pay more

Answer:

$2:00,o income $ 1:50 huda soda most type that tax 3)1 point )

is shift work involved for lawyers??

Answers

Answer:

I think so.

Explanation:

This may be depending on the job you have in the Lawyer Occupation, but because they must do different types of work and must go to several different clients, I would say yes. Sorry if this is wrong, but I hope it helps!

Which of the following has the most significant impact on consumer purchasing power and spending patterns?
Select one:
a. Demographic environment
b. Political and legal environment
c. Technological environment
d. Economic environment

Answers

D because the amount of money you have is what is going to make a person want to buy something more

The most significant impact on consumer purchasing power and spending patterns has the economic environment. Thus, the correct option is (D).

The purchasing power of a currency is the amount of products or services that one unit of money can purchase.

The environment contains components that affect consumer spending preferences and purchasing power.

Natural resources that are needed by marketers as inputs or that are influenced by marketing activities are referred to as the natural environment.

More than just how much you can buy with your money determines your purchasing power. Additionally, it affects stock prices and the state of the economy as a whole.

Therefore, the correct option is "D".

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how could you make your credit score increase ? please help do tonight

Answers

Answer:

Try working hard and getting your money to increase your credit score.

CrEdIt KaRmA l m a o

Explanation:

ANSWER: How Long Does it Take to Build Credit?
Steps to Improve Your Credit Score
Cautiously Pay Off Debt
Keep Credit Card Balances Low
Leverage Mortgage/Car/Utility/Cell Phone Payments
Check Your Free Credit Reports for Mistakes
Increase Your Credit Limit.

Chapter 2 Mastery Problem
The T –
Hassan Rahim won a concession to rent bicycles in the local park during the summer. During the month of June, Hassan completed the following transactions for his bicycle rental business:

Chart of Accounts


Cash
Hassan Rahim Capital
Accounts Receivable
Hassan Rahim, Withdrawals
Supplies
Rental Income
Shed
Wages Expense
Bicycles
Maintenance Expense
Accounts Payable
Repair Expense

Concession Fee Expense

June
2
Began business by placing $7,200 in a business checking account.

3
Purchased supplies on account, $150

4
Purchased 10 Bicycles for $2,500, paying $1,200 down and agreeing to pay the rest in thirty days.

5
Purchased for cash a small shed to hold the bicycles and to use for other operations, $2,900

6
Paid cash for shipping and installation costs (considered as an addition to the cost of the shed) to place the shed at the park entrance, $400.

8
Received cash of $470 for rentals during the first week of operation.

13
Hired a part-time assistant to help out on weekends at $7.50 per hour

14
Paid a maintenance person to clean the grounds, $75.

15
Received cash, $500, for rentals during the second week of operation.

16
Paid the assistant for a weekend’s work, $150.

20
Paid for the supplies purchased on June 3, $150.

21
Paid repair bill on bicycles, $55.

22
Received cash for rentals during the third week of operation, $550.

23
Paid the assistant for a weekend’s work, $150.

26
Billed a company for bicycle rentals for an employee outing, $110

27
Paid the fee for June to the Park District for the right to the bicycle concession, $100.

28
Received cash for rentals during the week, $410.

29
Paid the assistant for a weekend’s work, $150.

30
Transferred $500 to personal checking account.

Answers

Answer:

27.

Explanation:

Please help!!!

Drag each label to the correct location on the image.
Match the descriptions to the possibility of being addressed by a Trial Balance.

can detect the accuracy
of the accounting process

can help prepare the
income statement

can help check whether the
debit side is equal to the
credit side

can help check whether a
particular transaction has
been completely omitted

helps serve as a proof of
the application of the
double-entry system

Answers

According to given Image the all the scenario are possible of being addressed by a Trial Balance

Give explanations for how a Trial Balance might be addressed

Can determine whether the accounting procedure is accurate: PossibleMay aid in the income statement's preparation: PossibleMay assist in determining whether the debit and credit sides are equal: PossibleCan assist in determining whether a specific transaction has been entirely missed: PossibleAids in providing evidence of the double-entry system's use: Possible

What is trial balance?

A Trial Balance is a financial statement that lists all the general ledger accounts and their balances at a specific point in time.

It serves as a tool to ensure that the total debits equal the total credits in the accounting system and helps to detect errors and discrepancies in the accounting records.

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What career might be your best choice in the following scenario?
Your friends comment that you always listen and believe positive change can happen. They further state that you do not make them feel badly about their decisions and instead, you help find solutions. At the same time, you love to be in schools and you like to teach.

family social worker
community social worker
child care social worker
school social worker

Answers

School social worker
School social worker


3. Earning of profit is regarded as the main objective of business? Explain by giving any 3reasons

Answers

Profit maximization is usually a main aim of most businesses in the private sector.

1) Usually people invest personal savings into starting businesses so that the return (aka profits) can be greater than the investment and they can earn a better living.

2) If profit is earned then the business would have enough money to pay dividends to its investors/shareholders, otherwise it wouldn’t have enough money to give as dividends and it will lose its investors.

3) Profit is required for the business to survive in competitive markets.

Which of the following things can help you get a lower interest rate when you receive a loan?
A. A low credit score
B. A history of defaulting
C. Using all of your available credit
D. Collateral

Answers

Answer:

D. Collateral

Explanation:

Collateral refers to an asset offered to a lender to secure a loan. Borrowers use properties, motor vehicles, or other valuable items to convince lenders to advance credit facilities. Collateral reduces the risk of lending. If the borrower default, lenders have the option of selling the collateral to recover their money.

Because collateral makes a loan less risky, the interest charged is low. A high-interest rate reflects a high-risk borrower.

Answer:

D. Collateral

Explanation:

A traditional store selling products

Answers

I’m confused are u asking ?
what is your question?

A federal tax paid for old-age, survivors, and disability insurance is called:
A insurance tax
B income tax
C Social Security tax
D Medicare tax

Answers

Answer: medicare tax

Explanation:

Magazines make most of their money from?

Answers

Answer:

advertisers

Explanation:

There are many Magazines that are published ion the market and becomes popular. Magazines make most of their money from advertiser.

Who is advertiser?

An advertiser is the institution, administration, or any person that pays for an advertising attribute or time to demonstrate a convincing promotion or content to the public. Magazines make most of their money from by the means of advertiser.

Therefore, advertiser advertises the content to the public to publish any information.

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is it true that in the music buisness people will pray satin over a contract before the artists sign it and will they sell their soul?

Answers

Answer:

No.

Explanation:

If this is an actual question for an extremely religious school put yes. but this doesn't actually happen.

Answer:

I don't believe its true for all parts of the music industry, but there is a lot of crazy things going on in the world so you never know.

Joanna Grimshaw makes an hourly rate of $12.50, and she works 40 hours per week. Her boss offers her a promotion to a salaried position that pays $675 per week. How much more will she earn per week with the salaried position?

Answers

Answer:

$175 more

Explanation:

She makes 500 without the promotion and 675 minus 500 is 175

Answer: She will get $16.85 cents per day. She will be earning $175 more per week.

Explanation:

$12.50*40 = original salary

675-500=how much more she will get

Concept check 1. 54/32 converted to a mixed number is ________. 22/32 1.6875 1/38 1 22/32 2. The product of one and four thirty-seconds and twenty thirty-seconds is ________. 1 24/32 45/64 56/32 720 3. One and eight thirty-seconds divided by twelve thirty-seconds is ________. 480/1024 20/1024 3 1/3 3 40/32 4. A u.S. Treasury bond is trading at 98 and 6/32. Convert this price to its decimal form. 98.19 96.63 9/86 98.06 5. What is the percentage increase if the s&p 500 index is currently trading at 1,100 and rises 55 points? 4.5% 5% 55% 5.5%

Answers

Questions

Concept check

1. 54/32 converted to a mixed number is ________.a) 22/32 b)1.6875 c) 1/38 d)1 22/32

2. The product of one and four thirty-seconds and twenty thirty-seconds is ________. a)1 24/32 b)45/64 c)56/32 d)720

3. One and eight thirty-seconds divided by twelve thirty-seconds is ________. a)480/1024 20/1024 3 1/3 3 40/32

4. A u.S. Treasury bond is trading at 98 and 6/32. Convert this price to its decimal form. a)98.19 b)96.63 c)9/86 d)98.06

5. What is the percentage increase if the s&p 500 index is currently trading at 1,100 and rises 55 points? a)4.5% b)5% c)55% d)5.5%

Answer:

1.d)1 22/32

2. b)45/64

3. c)3 1/3

4. a)98.19

5. b)5%

Explanation:

1. 54/32 converted to a mixed number is ________.a) 22/32 b)1.6875 c) 1/38 d)1 22/32

Mixed number is another way of writing improper fraction

54/32= 1 (54 - 32)/32

= 1 22/32

Therefore, option d) 1 22/32 is the correct option

2. The product of one and four thirty-seconds and twenty thirty-seconds is ________. a)1 24/32 b)45/64 c)56/32

d)720

One and four thirty-seconds = 1 4/32

Twenty thirty-seconds = 20/32

= 1 4/32 × 20/32

= 36/32 × 20/32

= 9/8 × 5/8

= 45/64

Therefore, option b)45/64 is the correct option

3. One and eight thirty-seconds divided by twelve thirty-seconds is ________. a)480/1024 b)20/1024 c)3 1/3 d)3 40/32

One and eight thirty-seconds = 1 8/32

Twelve thirty-seconds = 12/32

= 1 8/32 ÷ 12/32

= 40/32 ÷ 12/32

= 40/32 × 32/12

= 40/12

= 3 4/12

= 3 1/3

Therefore, option c) 3 1/3 is the correct option

4. A u.S. Treasury bond is trading at 98 and 6/32. Convert this price to its decimal form. a)98.19 b)96.63 c)9/86 d)98.06

98 and 6/32 = 98 + 6/32

We convert 6/32 to decimal

= 98 + 0.1875

= 98.1875

≈ 98.19

Therefore, Option a is the correct option

5. What is the percentage increase if the s&p 500 index is currently trading at 1,100 and rises 55 points? a)4.5% b)5% c)55% d)5.5%

Percentage increase = Increase/ Orginal amount × 100

Increase = 55 points

Original amount = 1,100

Percentage Increase = 55/1100 × 100

= 0.05 × 100

= 5%

Therefore, option b)5% is the correct option

Dée Trader opens a brokerage account and purchases 400 shares of Internet Dreams at $28 per share. She borrows $3,000 from her broker to help pay for the purchase. The interest rate on the loan is 12%. a. What is the margin in Dée’s account when she first purchases the stock? b. If the share price falls to $18 per share by the end of the year, what is the remaining margin in her account? (Round your answer to 2 decimal places.) c. If the maintenance margin requirement is 30%, will she receive a margin call? Yes No d. What is the rate of return on her investment? (Negative value should be indicated by a minus sign. Round your answer to 2 decimal places.)

Answers

Answer and Explanation:

The computation is shown below:-

a. Margin

Equity account = Number of shares × Price per share

= 400 × $28

= $11,200

Margin = Purchase price - Money borrowed from the broker

= $11,200 - $3,000

= $8,200

b. Remaining margin

Equity account = Number of shares × Price per share

= 400 × $18

= $7,200

Total liability = Borrowed amount × 1.12

= $3,000 × 1.12

= $3,360

Remaining margin = Equity value - Liability to the broker

= $7,200 - $3,360

= $3,840

Remaining margin ratio = Remaining margin ÷ Equity value

= $3,840 ÷ $7,200

= 53.33%

c. As per the information maintenance margin requires 30%

No, maintenance margin requires 30% and the remaining martin is 53.33% then it will no margin calls

d. Rate of return

Rate of return = (Return - Initial inventment) ÷ Initial investment

= ($3,840 - $8,200) ÷ $8,200

= -53.17%

When governments allow one highly regulated business to control an
essential service, such as water treatment, they create:
A. a public oligopoly.
B. a natural monopoly.
C. restricted competition.
D. monopolistic competition.

Answers

The type of Monopoly that occurred when a regulated business is been given control on essential service is B: natural monopoly.

A natural monopoly can be regarded as a kind of monopoly that occurr, as a result of a single firm serving market at lower cost that is even lower than that of combination of two or more firms.

It do occur when government give that control to a firm on essential service such as water treatment.

Therefore, option B is correct.

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Answer:

B. a natural monopoly.

Explanation:

what is the importance of opportunity cost to an individual​

Answers

Answer:

Opportunity costs represent the potential benefits an individual, investor, or business misses out on when choosing one alternative over another. The idea of opportunity costs is a major concept in economics. Because by definition they are unseen, opportunity costs can be easily overlooked if one is not careful. These are from my notes btw

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Evaluate m-n if m= -8 and n= -14 What is the greatest common divisor of 6 and 4? Please answer -3x - x + 2 Translate in english In all three stories, what is the purpose of the flood? Ed, an employee of the Natural Color Company, suffered from a rare disease that was very expensive to treat. The local media ran several stories about Eds problems, and the family created a website that generated more than $10,000 in gifts from individuals to help pay the medical bills. Eds employer provided hospital and medical insurance for its employees, but the policy did not cover Eds illness. When it became apparent that Ed could not pay all of his medical expenses, the hospital canceled the $25,000 Ed owed at the time of his death. After Eds death, his former employer paid Eds widow $12,000 in "her time of need." Eds widow also collected $50,000 on a group term life insurance policy paid for by Eds employer. What are Eds and his widows gross income? Write the coordinate of A after A (5,3) got reflected over the x-axis. Read this excerpt from The Outsiders. Soda tries to understand, at least, which is more than Darry does. But then, Soda is different from anybody; he understands everything, almost. Like he's never hollering at me all the time the way Darry is, or treating me as if I was six instead of fourteen. I love Soda more than I've ever loved anyone, even Mom and Dad. Which statement best states the theme of this excerpt? A. People are alike inside. B. Hardship builds character. C. Kindness creates loyalty. D. Appearances can be deceptive. GIVING BRAILIEST!!!!Give an example of a cause-and-effect relationship in biology. 7/8 + _____ = 1 giveing brainlist Can someone help me? Thank you.Question:How does this ad represent its attitude toward the stamp act?Make sure to answer in 3-5 sentences.Thank you. a huge amount of silver was extracted from the ____ ____ ____ ____ ____ ____ ____ ____ Lode in Nevada Why do we assume that the color of the flame is due to the positive ion ? What is the interquartile range of the following data set?37, 27, 48, 96, 61, 84, 29, 1, 72, 5, 34A. 64B. 37C. 10D. 45 Which of the following is MOST likely to be an outcome of the digital divide Simplify and round the expression below. C isnt necessary to answer Identify the noble gas that has atoms with thesame number of electrons as a chloride ion intable salt. a=4, b=2,c=-1 find value of a-b+c Which of the following is the most challenging aspect of being a freelance multimedia artist?no health or life insurance benefitslimited career advancementlimited job securityno opportunity for collaboration Which of the following has the most significant impact on consumer purchasing power and spending patterns?Select one:a. Demographic environmentb. Political and legal environmentc. Technological environmentd. Economic environment