A _____ is a group of people who have a need, purchasing power, and the desire and authority to spend money on goods, services, and ideas.
Answers
Answer:
market
Explanation:
A market is a group of people who have a need, purchasing power, and the desire and authority to spend money on goods, services, and ideas.
Answer: The term is "Market".
Explanation: A market is a group of people who have a need, purchasing power, and the desire and authority to spend money on goods, services, and ideas. Markets can be segmented based on various factors such as demographics, psychographics, geographic location, and behavior.
Market segmentation is the process of dividing a market into smaller groups of consumers with similar needs or characteristics. This allows companies to tailor their marketing efforts to specific groups of consumers and create products that meet their needs.
Hope this helps, and have a great day!
Related Questions
PLEASE HELP in 2 to 3 sentences, explain the role of prices in a market and include distrbution, producers, and consumers
Answers
Price is the biggest and most important direct determinant in a market for aspects like distribution, producers, and the consumers in the market at large.
What is the significance of price?Price of a product, in an economy, can be referred to or considered as the rate at which a particular quantity of such product is demanded and supplied in the market in which such price prevails.
Higher price attracts producers and distributors, while lower price of a product in a market will attract a larger number of customers to buy such product.
Therefore, the significance regarding price has been aforementioned.
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What two factors influence an economic school of thought?(1 point)
Answers
Answer:
Free-market, or laissez-faire, economics and Keynesian theory.
Explanation:
The economic school of thought can largely be influenced by prevailing societal values and the historical context in which the theory is developed.
There are many factors that might influence an economic school of thought, but the two key elements are often prevailing societal values and historical context. Prevailing societal values can drastically influence an economic philosophy.
Furthermore, the historical context in which an economic thought emerges is crucial. Economists develop their theories in response to the economic challenges and realities of their time. The Great Depression deeply influenced Keynesian economics, and the stagflation of the 1970s prompted a shift towards monetarism.
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HELPP on question 10
Answers
Answer:
land?
Explanation:
Answer:
Land
Explanation:
When the interests of firms and workers are not identical, it gives rise to ______.
Answers
When the interests of firms and workers are not identical, it gives rise to the principal-agent problem.
A corporation, sometimes known as a "co.," is a type of legal body that stands in for a collection of people who are either natural or legal persons or a combination of both. To accomplish definite objectives, the company's members collaborate towards a single aim.
A corporation can be created as a legal body in order to restrict the company's responsibility when members fulfil or fail to fulfil their responsibilities under the incorporation or public disclosure policy. After a company has closed, it could be essential to liquidate it in order to settle any lingering obligations.
The above question is incomplete, the complete question is-
When the interests of firms and workers are not identical, it gives rise to ______.
Multiple choice question.
geographic immobility
the stockholder problem
discrimination
the principal-agent problem
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You've used Jobs Theory to conduct research on how customers are buying your products. You've discovered that they're buying for a different reason than you expected. What should you do
Answers
Answer:
You should atleast try to ask them what their buying it for an diffrent reason
Explanation:
You should atleast try to ask them what their buying it for an diffrent reason.
Sorry if this does'nt help at all.
On february 2, miles inc. Pays $800 to purchase a one-year insurance policy that will expire next year on january 31. Miles indicates this transaction in its books by recording an $800 reduction in cash and an $800 increase in expenses. Did miles make the proper accounting entries? why or why not?.
Answers
If on february 2, miles inc. Pays $800 to purchase a one-year insurance policy. No miles did not make the proper accounting entries.
What is insurance policy?
Insurance policy can be defined as a coverage that help to cover cost incase of unforeseen circumstance.
Based on the scenario mile did not makes the proper accounting entries based on the following:
Prepaid insurance is not an expense but an asset.Hence, the company should have offset the decrease in cash of the amount of $800 and $800 increase in prepaid insurance into an asset account.Therefore miles did not make the proper accounting entries.
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you have an opportunity to acquire a property from first capital bank. the bank recently obtained the property from a borrower who defaulted on his loan. first capital is offering the property for $260,000. if you buy the property, you believe that you will have to spend (1) $11,500 on various acquisition-related expenses and (2) an average of $3,000 per month during the next 12 months for repair costs, and so on, in order to prepare it for sale. because first capital bank would like to sell the property as soon as possible, it is willing to provide $240,000 in financing at 4.25 percent interest for 12 months payable monthly (interest only). your market research indicates that after you repair the property, it may sell for about $303,000 at the end of one year. furthermore, you will probably have to pay about $4,000 in fees and selling expenses in order to sell the property at that time. required: a. if you wanted to earn a 20 percent return compounded monthly, do you believe that this would be a good investment? b. what would you need to sell the property for in order to achieve the 20 percent return? (do not round intermediate calculations. round your final answer to nearest whole dollar amount.)
Answers
A. The NPV for the investment is positive. So, the investment would earn a return greater than the required rate of return of 20% per year, compounded monthly. Therefore, this investment would be considered good.
B. The property would need to sell for approximately $32,185.26 more than the estimated price of $303,000 in order to achieve a 20% return.
a. To determine whether this investment is good, we need to calculate the net present value (NPV) of the investment at a required rate of return of 20% per year, compounded monthly.
First, we need to calculate the total cash inflows and outflows associated with the investment:
Cash inflows:
The sale price of the property after repairs: $303,000
Cash received from financing: $240,000
Total cash inflows: $543,000
Cash outflows:
Purchase price of the property: $260,000
Acquisition-related expenses: $11,500
Repair costs: $36,000 (12 months x $3,000 per month)
Financing costs: $10,200 (12 months x $240,000 x 4.25% / 12)
Total cash outflows: $317,700
Next, we can use the NPV formula to calculate the NPV of the investment:
NPV = -PV(initial investment) + PV(cash inflows)
PV(initial investment) = -$317,700
PV(cash inflows) = $543,000 / (1 + 0.20/12)^12 = $445,304.22
NPV = -$317,700 + $445,304.22 = $127,604.22
Since the NPV is positive, the investment would earn a return greater than the required rate of return of 20% per year, compounded monthly. Therefore, this investment would be considered good.
b. To determine the required sale price to achieve a 20% return, we can use the same approach as in part a, but with the sale price as the unknown variable:
Cash inflows:
The sale price of the property after repairs: unknown
Cash received from financing: $240,000
Total cash inflows: unknown + $240,000
Cash outflows:
Purchase price of the property: $260,000
Acquisition-related expenses: $11,500
Repair costs: $36,000 (12 months x $3,000 per month)
Financing costs: $10,200 (12 months x $240,000 x 4.25% / 12)
Selling expenses: $4,000
Total cash outflows: $321,700
Now we can set up the NPV equation and solve for the unknown sale price:
NPV = -PV(initial investment) + PV(cash inflows)
PV(initial investment) = -$321,700
PV(cash inflows) = (unknown + $240,000) / (1 + 0.20/12)^12 = 1.1799 * (unknown + $240,000)
NPV = -$321,700 + 1.1799 * (unknown + $240,000) = 0
Solving for the unknown sale price:
-$321,700 + 1.1799 * unknown + $283,680 = 0
1.1799 * unknown = $38,020
unknown = $32,185.26
Therefore, the property would need to sell for approximately $32,185.26 more than the estimated price of $303,000 in order to achieve a 20% return.
Rounded to the nearest whole dollar amount, the required sale price to achieve a 20% return would be $335,185.
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if shen produces both paninis and burgers, then when production is efficient
Answers
Shen can make both paninis and hamburgers when production is efficient, so there is no compromise. The additional value from obtaining one more of a good or service decreases as more of it is used up.
What distinguishes a panini from a sandwich?Two slices of bread plus one other component make up a sandwich. A sandwich known as a panino is made entirely with Italian ingredients on Italian bread, like focaccia or ciabatta (because panini is plural in Italian).
Paninis are they always grilled?In order to improve the flavours, make the bread more fragrant and crunchy, and melt any cheese, Italian bars frequently press-grill their sandwiches. However, the Italians still like non-grilled sandwiches when they are at home or when bakery-fresh bread is available.
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why do business need funding
Answers
Type in a sentence using the word Financial planning wrong
Answers
Lee Ray bought 250 shares of a mutual fund with a NAV of $13.85. This fund also has a load charge of 7%.
a. What is the offer price? (Round your intermediate and final answer to the nearest cent.)
b. What did Lee pay for his investment? (Round your intermediate and final answer to the nearest cent.)
Answers
Answer: a. $14.9
b. $3725
Explanation:
a. What is the offer price?
This will be calculated as:
= NAV / (1 - load charge %)
= 13.85 / (1 - 7%)
= 13.85 / (1 - 0.07)
= 13.85 / (0.93)
= $14.9
B. What did Lee pay for his investment?
This will be:
= Number of shares bought × Offer price
= 250 × $14.9
= $3725
3. The owner of a specialty delicatessen buys baskets, decorates and fills them with food items, and
sells them as one of the products in the shop. The entrepreneur sells an average of 130 baskets a
month The basket supplier charges $0.50 per basket. The entrepreneur would like to reduce his
variable costs and has found a basket supplier who will charge only $0.40 per basket. How much
will the delicatessen owner save in a year by changing suppliers?
Answers
Answer:
$156
Explanation:
he old price per basket is $0.50 per basket
the new supplier has a price of $0.40 per basket
Savings per basket is $0.10 ($.50- $0.40)
The average sales per month are 130 baskets.
The average savings per months will be
=$0.10 x 130
=$13
yearly savings will be
=$13 x 12 months
=$156
money that has been spent and cannot be recovered is known as costs.
Answers
A sunk cost is money that has already been spent and cannot be recovered. In business, the axiom that one has to "spend money to make money" is reflected in the phenomenon of the sunk cost.
What is Sunk Cost?Sunk Costs are those costs that cannot be recovered by any means, i.e., money, once invested, is gone forever.
They should not be considered for making any future decisions like whether to continue the investment or not, as these costs cannot be recovered, and decisions should only be made based on relevant costs.
Sunk costs are considered fixed costs, but remember that all fixed costs are not considered sunk costs.
One simplest example of sunk cost is employees working on a probation period. You have paid a joining bonus to the probationer, but the results aren’t satisfactory, so you terminate the probation contract and fire the probationer from their job. The joining bonus is considered a sunk cost, as you won’t be seeing it again.
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Money that has been spent and cannot be recovered is known as sunk costs.
What is sunk costs?Sunk costs are sometimes called a retrospective cost, referring to an investment already incurred that can’t be recovered. Examples of sunk costs in business include marketing, research, new software installation or equipment, salaries and benefits, or facilities expenses. By comparison, opportunity costs are lost returns from resources that were invested elsewhere.
Economists suggest that, in theory, sunk costs are not relevant to future decision-making. In practice, however, sunk costs can and do significantly influence decisions about the future. This is largely because it’s psychologically challenging to let go of previously invested time, effort, or financial resources even if the outcome of those investments fails to meet expectations. A sunk cost refers to money that has already been spent and cannot be recovered.
A manufacturing firm, for example, may have a number of sunk costs, such as the cost of machinery, equipment, and the lease expense on the factory.
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Which of the following influences the consumer when he or she is deciding wether to buy a product?
A. The stock market
B. Opinion factors
C. External factors
D. Multiple factors
Answers
Answer:
D.
Explanation:
The factors that infuence a consumer's decision of buying product are multiple. It can be internal, external, economic, cultural, etc.
These factors include psychological factor, social factor, cultural factor, situational factor, etc.
Many times it's psychological factors such as moods. If a person is in bad or good mood, it will affect his behavior to buy a product. Culture or social life also influences consumer's buying habit. Some buy under peer pressure or to have status in society.
Therefore, option D is correct.
Answer: External factors
Explanation:
Suppose the demand and supply functions on the market for milk are given by q
d
=80−2p and q
s
=20+4p, respectively. a) What are the equilibrium quantity and price of milk? b) Determine the total consumer surplus enjoyed by consumers on the market for milk. c) If a price ceiling of 5 is set, what will be the size of the resulting market shortage?
Answers
At the equilibrium, 40 units of milk are bought and sold at a price of $20, resulting in a consumer surplus of $300. If the price is capped at $5, there will be a shortage of 60 units.
To find the equilibrium quantity and price, we need to make sure the amount people want (quantity demanded) is the same as the amount that can be supplied (quantity supplied). We can do this by setting the two equations equal to each other and solving for price. The result is that the equilibrium price is $20. When we plug this number into either of the equations, we find that the equilibrium quantity is 40 units.
Consumer surplus is the difference between price consumers are willing to pay and market price. Calculate it by integrating demand function from 0 to equilibrium quantity and multiplying by difference of equilibrium price and demand function intercept. Consumer surplus = $300 (1/2 * (80-20) * 40).
A price ceiling is a maximum price that sellers are allowed to charge. In this case, the price ceiling is $5. The quantity of goods demanded (q<sub>d</sub>) is higher than the quantity supplied (q<sub>s</sub>). The shortage can be calculated by subtracting the quantity supplied at the price ceiling from the quantity demanded at the same price. In this case, the shortage is 60 units (80 - 25) - (20 + 45).
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It is known that amounts of money spent on clothing in a year by college students follow a normal distribution with a mean of $365 and a standard deviation of $50.
What is the probability that a randomly chosen student will spend between $300 and $400 on clothing in a year? Please show work :)
a.
0.54333
b.
0.62466
c.
0.67307
d.
0.60062
e.
0.66124
Answers
Option (e) is correct
It is given that the amounts of money spent on clothing by college students follow a normal distribution with a mean of 365 and a standard deviation of 50. We have to find the probability that a randomly chosen student will spend between 300 and 400 on clothing in a year.
We can use the z-score formula to solve the problem.
Z-score formula is given by,
z = (x - μ) / σ
Where,
μ = mean
σ = standard deviation
x = value for which z-score is to be found.
Substituting the values, z for 300 = (300 - 365) / 50
= -1.3z for 400
= (400 - 365) / 50 = 0.7
Now, we have to find the probability of students spending between 300 and 400 on clothing.i.e.,
P(300 ≤ X ≤ 400) = P(-1.3 ≤ z ≤ 0.7)
We can use a z-table or calculator to find the probabilities corresponding to the z-values.
Using the z-table, we can find the probabilities for z ≤ -1.3 and z ≤ 0.7 separately.
Then, we can subtract the two probabilities to find the required probability.
P(z ≤ -1.3) = 0.0968
P(z ≤ 0.7) = 0.7580
Therefore, P(-1.3 ≤ z ≤ 0.7) = P(z ≤ 0.7) - P(z ≤ -1.3)= 0.7580 - 0.0968= 0.6612
Therefore, the probability that a randomly chosen student will spend between 300 and 400 on clothing in a year is 0.6612.
Hence, option (e) is correct
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50 points and brainliest to first one who answers This chart shows a sequence of causes and effects in how banking can affect society. Complete the chart by selecting the correct word..
Answers
The completion of the chart that shows a sequence of the causes and effects of banking on society is as follows:
1st: The Federal Reserve reduces interest rates.
2nd: Banks will make more loans.
3rd: The money supply increases.
4th: People and businesses are more likely to spend and borrow money.
5th: The number of jobs will increase.
6th: People will buy more cars, homes, and fun stuff.
7th: Growth of the nation's economy speeds up.
8th: Inflation will increase.
What is the money supply?The money supply is the total amount of money (cash, coins, and balances in bank accounts) in circulation at any point in time.
The money supply often includes liquid assets and short-term investments.
Thus, the sequence of how banking affects society has been completed.
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in order to ensure that inventory stock is kept at a certain level, each store should
Answers
Based on Inventory System analysis, to ensure that inventory stock is kept at a certain level, each store should "check stock by hand."
This is because checking stock by hand allows the business to manually measure all the inventory that firm currently has at that given time. This method measures the amount of inventory that remains.
By checking stock by hand, the business firms can quickly determine the levels of inventory that need to be maintained, the time stock should be replenished, and how large orders should be.
Hence, in this case, it is concluded that the correct answer is "check stock by hand."
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How does loadshedding affect consumers in South Africa?
Answers
Answer:
The load shedding break-out caught many unsuspecting South African households unaware as little to nothing had been announced about it. Businesses, especially petrol stations without any form of back-up energy were forced to close shop for close to five hours while others quickly cranked their generators to life just to keep the lights and the pumps on. Individual households were not spared either as they were also left in the darkness. The South African Insurance Association is acutely aware of the risks that comes with such intermittent power surges to household appliances.
Explanation:
The birthrate in the U.S. increases by 20%. Download the graph below and illustrate what will happen to supply and demand for college educations. Illustrate and label on the graph any shifts in supply or demand. Your labels should include D1, D2, S1, S2, E1, E2, and E3.
Answers
Because the birthrate in the U.S. increases by 20%, then, the supply and demand for college educations will increase significantly to the uptrend.
What is the supply and demand for college educations?The supply indicates the provision of college education by the schools while the demand indicates the willingness of more people to get college education.
As the birthrate increase, the demand for college educations will increase as well, thereby, increasing the supply for college educations.
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What managerial role does T. K. Kurien assume in his approach to attaining his division's goal of improved customer service
Answers
T. K. Kurien, an Indian chartered accountant and business executive can be said to assume the managerial role of: a change leader.
Who is a Change Leader?A change leader can be described as someone who takes on the responsibility of leading and guiding a group of people to plan and implement changes.
They encourage and work with employees during the decision-making process.
Thus, T. K. Kurien, an Indian chartered accountant and business executive who understands the key importance of employee's contribution to an organization, can be said to assume the managerial role of: a change leader.
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k. decker, s. rosen, and e. toso are forming a partnership. decker is transferring $53,900 of personal cash to the partnership. rosen owns land worth $17,300 and a small building worth $78,600, which she transfers to the partnership. toso transfers to the partnership cash of $13,300, accounts receivable of $35,600, and equipment worth $21,200. the partnership expects to collect $32,040 of the accounts receivable.
Answers
The journal entries to record each of the partners investments are: Debit Cash $53,900, Credit Decker, capital $53,900.
Journal entriesa. Debit Cash $53,900
Credit Decker, capital $53,900
(To record Decker investment)
Debit Land $17,300
Debit Building $78,600
Credit S. Rosen Capital $95,900
($17,800+$78,600)
(To record s,. rosen investment)
Debit Cash $13,300
Debit Account receivable $35,600
Debit Equipment $21,200
Credit Allowance for Bad debts $3,560
($35,600-$32,040)
Credit Toso, capital $66,540
($13,300+$35,600+$21,200-$3,560)
(To record toso investment)
b. Partner's capital statement
Owner's equity
Deckers capital $53,900
S. rosen capital $95,900
Toso capital $66,540
Total owner's equity $216,340
Therefore the journal entries to record each of the partners investments are: Debit Cash $53,900, Credit Decker, capital $53,900.
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The complete question is:
k. decker, s. rosen, and e. toso are forming a partnership. decker is transferring $53,900 of personal cash to the partnership. rosen owns land worth $17,300 and a small building worth $78,600, which she transfers to the partnership. toso transfers to the partnership cash of $13,300, accounts receivable of $35,600, and equipment worth $21,200. the partnership expects to collect $32,040 of the accounts receivable.
a. Prepare the journal entries to record each of the partners investments.
b. What amount would be reported as total owner's equity immediately after the investments?
रचनात्मक र नविन्तम अबधारण लेख्नुहोस। नयाँ ब्यब्साय विभिन्न विधि हरु ब्य्ख्य गर्नुहोस
Answers
Answer:
लेख्नुहोस। नयाँ ब्यब्साय विभिन्न विधि हरु ब्य्ख्य गर्नुहोस
Explanation:
sontee paid $5,250 in property taxes for the period from march 1 through august 31. sontee sold a personal residence on june 30, under an agreement in which the real estate taxes were not prorated between the buyer and the seller. what amount (rounded to the nearest dollar) can sontee deduct for property taxes?
Answers
Sontee may deduct $3,452 (rounded to the closest dollar) for real estate taxes.
By property taxes, what do you mean?Property tax is an annual sum that landowners must pay to their community's municipal corporation or local government. His home, office building, and any tangible real estate that he has leased to others are all included in the property. An ad valorem tax just on value of a property is known as a real estate tax or millage rate. The governing body of the region where the property is situated is responsible for collecting the tax. A town, a county, a federated state, or the federal government are all examples of this.
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for the economy modeled with the PPF in the picture shown here, what is the opportunity cost of each orange?
Answers
the opportunity cost for the production of each orange is the apple sacrifice.
Opportunity cost is the loss you accept to make a gain or the expense of one profit for another gain.
example of opportunity cost is something as simple as choosing between going to work and skipping work. What are you losing out on if you choose one over the other? Opportunity cost doesn't always need to apply to investments or money; it can also apply to life decisions.
In the given question the opportunity cost for the production of oranges is a sacrifice made in terms of apples
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Smith & Sons uses the allowance method of handling its credit losses. It estimates credit losses at two percent of credit sales, which were $1,900,000 during the year. On December 31, the Accounts Receivable balance was $300,000, and the Allowance for Doubtful Accounts had a credit balance of $21,400 before adjustment. Show how Accounts Receivable and the Allowance for Doubtful Accounts would appear in the December 31 balance sheet. (Do not use negative signs with your answers.)
Answers
Answer: See explanation
Explanation:
Firstly, we need to calculate the amount of bad debt. This will be:
= Credit sales × Bad debt expense
= $1900000 × 2%
= $38000
Also, the adjusted balance of allowance account will be the addition of the uadjusted balance of Allowance account and the bad debt expense which will be:
= $21,400 + $38000
= $59,400.00
Then, the balance sheet will be:
Accounts receivables = $300,000
Less: Allowance for Doubtful Accounts = $59,400
Net Realizable value of Accounts receivables = $240,600
which principle defines how many times something repeats.
Answers
The principle that defines how many times something repeats itself is called the repetition compulsion.
This psychological principle was studied by psychoanalyst Freud as an essential component for mental analysis, as the discovery of patterns of repetitive behavior is aimed at the unconscious and instinctive search for:
pleasure and to avoid contempt.Therefore, repetition compulsion is related to repetition of behaviors in the form of dreams and neuroses in the form of the individual unconsciously seeking to assume a slightly more dominant role over an event that may have generated trauma.
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When it comes to credit scores, why is having a thin file not an asset?.
Answers
The possession of a credit thin file is a liability and not an asset because its does not allows lender to access your credit worthiness which makes it hard to obtain loans or credit.
What is a credit scores?A credit score serves an a finacial tool that helpt to tells about someone's creditworthiness.
Normally, the higher the credit score, the higher the rate of repayment of credit.
Hence, these credit score are used by lenders to decide whether to borrow, extend or deny credit for a borrower.
However, having a thin file is not considerd an asset in credit scores because its does not let us know the willing borrower's repayment history of credit.
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Consider simultaneous shifts in demand and supply. What is the net effect on equilibrium price if there is a simultaneous increase in demand and an increase in supply?.
Answers
Consider how both supply and demand could be shifting at once. The equilibrium price is unaffected if supply and demand are both increasing concurrently.
The price is at equilibrium when supply and demand are in balance. When a major index experiences a phase of consolidation or sideways momentum, it can be argued that the forces of supply and demand are comparatively equal and the market is in an equilibrium price. Researchers have shown that the equilibrium price is the region where prices frequently oscillate. If the price rises too much, market forces will push sellers to enter the market and create more. A price that is too low will result in higher bids from more buyers. These acts sustain the relative equilibrium of the equilibrium level over time. Market
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If Japan has a comparative advantage in the production of microchips,how would that affect their international trade?
Answers
Answer: countries would purchase microchips from japan because they are cheaper
Explanation:
Answer:
C countries with purchase microchips from Japan because they are cheaper.
Explanation: USATestprep