the price of a product is set where both buyers and sellers are satisfied. which phrase describes this price?

Answers

Answer 1

The price of a product is set where both buyers and sellers are satisfied this phrases describes the Market Equilibrium Price.

Equilibrium is the state wherein market supply balance and demand become steady. For the most part, an over-supply of labor and products purposes costs to go down, which brings about more popularity — while an under-supply or lack makes costs go up bringing about less interest.

The Equilibrium Price is where the supply of merchandise matches demand. At the point when a significant list encounters a time of solidification or sideways energy, one might say that the powers of demand and supply are somewhat equivalent and the market is in a condition of balance.

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Answer 2

Answer:

Where the market clears

Explanation:

The price is neither higher nor lower than equilibrium, meaning that it "clears" or is even.


Related Questions

To calculate the _______ of an alternative, an individual needs to estimate _______ of the alternative.

Answers

To calculate the net benefit of an alternative, an individual needs to estimate both cost and benefit of the alternative.

How to calculate net benefit?

Net benefit is calculated by subtracting the cost of an alternative from the benefit that the alternative will give:

Net benefit = Benefit - Cost

This means that for us to know the net benefit of an alternative that is presented to us, we need to know the cost of that alternative, and the benefit of that alternative.

For instance, if we want to know the net benefit of licking 5 ice cream cones, we need to know the cost of those ice cream cones (health costs included) and the the value of the benefits that we give to that ice cream cone. This would show the net benefit.

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Covering up incidents, abusing sick days, lying to a supervisor, taking credit for a colleague's ideas, and inflating grades on a résumé are examples of

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Covering up accidents, taking advantage of sick days, telling lie to the boss, appropriating a coworker's ideas, and exaggerating grades on a resume are some examples of unethical actions.

A candidate for a job creates a formal document called a résumé that outlines their qualifications for the position. A resume is typically accompanied with a personalized cover letter in which the applicant expresses interest in a certain job or company and highlights crucial details from the CV.

The term "unethical behavior" refers to conduct that deviates from societal norms or is seen negatively by the general public. The exact opposite of unethical activity is ethical behavior. The public accepts ethical behavior because it adheres to the majority of societal standards.

One of the biggest problems in today's society is the prevalence of unethical behavior, which includes lying, cheating, organizational misbehavior, and many other types. Extreme incidents and expensive frauds are frequent, as the media frequently emphasizes.

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In pure competition, customers see the different available products as close substitutes. many marketing managers compete by ______.

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On one extreme of the market structure range, where there are many enterprises, is perfect competition. In this context, the word "many" has a specific meaning. Each company is so small in relation to the market in a completely competitive industry that it has no impact on the product's pricing. Every company that is totally competitive is a price taker. Numerous businesses therefore imply that each business is so little as to be a price taker.

The other end of the market structure spectrum, where there is only one firm, is called a monopoly. Monopolies possess monopoly power, or the capacity to alter the product's price. Market power, another name for monopoly power, is quantified by the Lerner Index.

Market structure characterized by a differentiated product and flexibility of entry and exit is known as monopolistic competition.

Monopolistic Competitive enterprises have two traits: one similar to a monopoly (a differentiated product gives it market strength) and the other to a competitive firm (freedom of entry and exit). A walk to the grocery shop reveals a sizable number of diverse products, such as toothpaste, laundry soap, morning cereal, and so on. This type of market structure is typical in market-based economies.

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Decreasing temperatures will ________ the frequency of collisions between molecules, thereby ________ the reaction rate.

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Decreasing temperatures will Decrease the frequency of collisions between molecules, thereby decreasing the reaction rate.

What is molecules?

A molecule is an object comprised of two or more atoms that are linked together chemically; the precise number of atomic nuclei that make up a molecule is known. One hydrogen atom gets joined to one chlorine atom to form the molecule HCl(g), for instance.

Therefore,

Decreasing temperatures will Decrease the frequency of collisions between molecules, thereby decreasing the reaction rate.

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One difference between accounting in the united states and the european union is that the u. S. Follows ________, whereas the european union follows.

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One difference between accounting in the united states and the European union is that the U. S. Follows GAAP, whereas the European union follows IFRS

What is GAAP?

A unified collection of accounting regulations, guidelines, and practices published by the Financial Accounting Standards Board is known as generally accepted accounting principles (GAAP) (FASB). When assembling their financial accounts, American public firms' accountants are required to adhere to GAAP.

GAAP is a system of rules-based standards that is guided by 10 key principles. It frequently contrasts with the International Financial Reporting Standards (IFRS), which are seen as more of a standards-based standard. There have been recent efforts to switch from GAAP reporting to IFRS since IFRS is a more global standard.

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The financial statement that is most useful in explaining a company's stock price performance is the:________

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The right answer is for this question is

Income Statement

A firm invests in building a manufacturing plant.this investment is an example of _________blank.

Answers

A firm invests in building a manufacturing plant. This investment is an example of investment blank.

By using designating a price object (along with an funding in equipment or variable costs like tour or accommodation) to a activity, a cost aid enables you to use a cost to that work.

manufacturing may use as many value sources as you want for a job, in contrast to fixed charges.

the manufacturing of making an item or supplying a carrier, including the price of all assets hired in addition to the rate of no longer placing the ones resources to other makes use of.

price resources encompass one-time resource charges like your human beings's tour prices as well as "fixed" resource prices just like the price of the gadget they use. The manufacturing had to satisfy the task's tasks are represented by the work assets, who will burn up the most attempt.

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Which, if any, of the following taxes are regressive (rather than progressive)? a.state general sales tax b.federal gift tax c.federal estate tax d.federal individual income tax

Answers

State General Sales Tax is regressive.

What is a regressive tax?

A tax that is administered equally and is regressive takes a bigger percentage of revenue from low-income earners than it does from high-income earners. It is opposed to a progressive tax, which levies higher rates against high-income taxpayers.

Because it is imposed consistently in all circumstances, regardless of the taxpayer, a regressive tax has a greater negative impact on low-income individuals than on high-income individuals. Taxing everyone the same may be fair in some circumstances, but it is viewed as unfair in others. Because of this, the majority of income tax systems use a progressive schedule that taxes high earnings at a higher percentage rate than low earners, while other types of taxes are imposed consistently. Although the United States has a progressive tax system for income tax, which means that people with higher incomes pay a higher percentage of taxes each year compared to people with lower incomes, we do pay other levies that are regarded as regressive taxes. State sales taxes, user fees, and to a certain extent, property taxes are a few of them.

Thus, it is the General sales tax that is also considered a Regressive Tax.

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The very first step in developing a social marketing plan involves ______________. group of answer choices

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The very first step in developing a social marketing plan involves understanding the target audience.

How to Create a Social Media Marketing Strategy

Having a strategy is essential for successful social media marketing.

You risk posting on social media just for the sake of posting if you don't have a plan. It will be difficult to succeed on social media if you don't know what your objectives are, who your target audience is, and what they want.

Creating a social media marketing strategy is crucial if you want to advance as a social media marketer or expand the reach of your company on social media.

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Face amount x annual rate x fraction of the annual period) is the formula for:___.
a. sales price of a good.
b. issue price of a security.
c. bad debt expense.
d. interest on a note.

Answers

Face amount x annual rate x fraction of the annual period) is the formula for:(d.) interest on a note.

What is the annual interest on a note?

The annual interest payment on a note or loan amount is determined as the loan amount or face amount, in case of a note, multiplied by the annual interest rate.

However, when the period of interest is less than 12 months (a year), there is a need to time-apportion the interest by multiplying the interest by number of months interest has elapsed divided by 12 months in a year, in short, we would multiplied by the interest by a fraction of the annual period that interest relates.

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One advantage of a fixed exchange rate system compared to a floating or managed float exchange rate system is:_________

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A fixed exchange rate system has advantages over a floating or managed float exchange rate system, including lower inflation.

Defining a Fixed Exchange Rate

A fixed exchange rate is a method used by a government or central bank to relate the value of the country's legal tender to the value of the currency of another country or the price of gold. The aim of a fixed exchange rate system is to keep the value of a currency within a predetermined range.

Maintaining a currency's value within a predetermined range is the goal of a fixed exchange rate system.

Fixed exchange rates increase the security of exporters and importers while helping the government maintain low inflation.

A number of developed nations adopted the floating exchange rate system in the early 1970s.

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Which account beginning with the letter 's' is the target of the attack?

Answers

The account beginning with the letter 's' which is the target of the attack is savings account.

What is a savings account?

A savings account is an account at a retail bank. It has features such as a limited number of withdrawals, a lack of cheque and linked debit card facilities, limited transfer options and the inability to be overdrawn.

Therefore, the account beginning with the letter 's' which is the target of the attack is savings account.

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In the Unit, Nestlé is discussed as a company that is making efforts to use less:

water

land

oil

solar energy

Answers

The unit shows that Nestlé  is a company that is making efforts to use less Water.

What is Nestlé using less of?

The unit is not attached but based on news and current affairs, it is known that Nestlé is trying to use less water.

To that end, they have engaged in more efficient water treatment, withdrawals, and recycling.

This has helped Nestlé to reduce their water usage by about two-thirds in 2013 with plans to do more.

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Which regions border the north central plains region in texas? question 2 options: mountains and basins and coastal plains mountains and basins and great plains great plains and coastal plains mountains and basins

Answers

The region bordering the North Central Plains region in Texas is the great plains and coastal plains. North central plains is bordered by the great plains in the west and the coastal plains in the east.

A large area of flat territory in North America is known as the Great Plains, or simply "the Plains" at times. It is mostly covered with prairie, steppe, and grassland and is situated east of the Rocky Mountains and west of the Mississippi River. A coastal plain is a flat, low-lying area of land close to the sea. The boundary between a coastal plain and a piedmont region is frequently marked by a fall line.

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Answer:

THe answer is The Great PLains

Hope this helps!

Explanation:

A company had the following assets and liabilities at the beginning and end of this year. Assets Liabilities Beginning of the year $ 144,000 $ 61,733 End of the year 197,500 79,988 Owner made no investments in the business, and no dividends were paid during the year. Owner made no investments in the business, and dividends paid were $15,600 during the year. No dividends were paid during the year, but the owner did invest an additional $45,000 cash in exchange for common stock. Dividends paid were $15,600 during the year, and the owner did invest an additional $35,000 cash near year-end in exchange for common stock. Determine net income or net loss for the business during the year for each of the above separate cases:

Answers

Net income(first scenario) is $35,245

Net income(second scenario) is $50,845

Net loss(third scenario) is -$9,755

Net income(fourth scenario) is $15,845

What is accounting equation?

The accounting equation means that the assets of the company are financed by its equity and liabilities, also, the increase in assets are financed by the increase in equity and liabilities, based on that, we can determine the net income or net loss of the company based on the different scenarios:

Scenario 1:

increase in assets=increase in equity+ increase in liabilities

increase in assets=$197,500-$ 144,000=$53,500

increase in liabilities=$79,988-$61,733=$18,255

$53,500=x+$18,255

x=$53,500-$18,255

x=net income=$35,245

Scenario 2:

$53,500=net income-$15,600+$18,255

$53,500=net income+$2,655

net income=$53,500-$2,655

net income=$50,845

Scenario 3:

$53,500=net loss+$45,000+$18,255

$53,500=net loss+$63,255

net loss=$53,500-$63,255

net loss=-$9,755

Scenario 4:

$53,500=net income-$15,600+$35,000+$18,255

$53,500=net income+$37,655

net income=$53,500-$37,655

net income=$15,845

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The major factor in investors' ability to finance the new industrial system was ______.

Answers

Answer:

Unite workers across ethnic, racial, and gender lines

Explanation:

Which bones permit the attachment of muscles that assist in arm movement and serve as a place for the attachment of the arms?

Answers

Scapulae permits the attachment of muscles that assist in arm movement and serve as a place for the attachment of the arms

Scapulae

The bone that joins the humerus (upper arm bone) with the clavicle is called the scapula, often known as the shoulder blade (collar bone). The scapulae are paired, with each one on each side of the body being approximately a mirror image of the other. This is similar to how their linked bones are paired.Our scapula is located where in our body?The huge triangular-shaped bone known as the scapula, or shoulder blade, is located in the upper back. An intricate network of muscles surrounds and supports the bone, which helps you move your arm.

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A high water mark is a limiting factor of hedge fund manager compensation. this means that managers can't charge incentive fees ________.

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A high water mark is a limiting factor of hedge fund manager compensation. this means that managers can't charge incentive fees When a fund falls and does not recover to its previous high value.

What Is a High-Water Mark?

The largest peak in value that an investment fund or account has experienced is known as a high-water mark. This phrase is frequently used in relation to performance-based compensation for fund managers. The high-water mark makes that the management is not compensated significantly for subpar performance. Before obtaining a performance bonus from the assets under management, the manager must raise the fund over the high-water level if it loses money over a period of time (AUM).The highest value an investment account or fund has ever attained is referred to as a high-water mark.

A high-water mark is frequently used as a boundary to establish how much a shareholder must pay in performance fees. The intention is to shield investors from having to pay a fee for subpar performance as well as from having to pay a fee repeatedly each time the fund is profitable. With a high-water mark, the investor only pays a charge equal to the money the fund made between the time it was created and when it reached its highest level.

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When a currency is converted into another currency at a given time with an agreement to revert back to the original currency at a future specific time period, this is called a?

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It is called a currency swap

A currency swap is indeed a rate of interest derivative in finance. It is a linear IRD in particular, making it among the most liquid benchmarking products to cover many currencies at once. It shares price similarities with interest rate swaps, FX swaps, and foreign exchange rates. A currency swap entails the conversion of interest—and occasionally principal—in one currency into the same amount in another. Foreign-based businesses frequently employ currency swaps to get loans from local banks at rates that are more favourable than those offered through currency swaps. Companies might change their loan terms by swapping in order to benefit from the present or anticipated market circumstances.

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Personal papers are documentary materials of a private or nonpublic character that do not relate to, or have an effect on, the conduct of agency business. True or false?.

Answers

Personal papers, it is true, are documents with a private or nonpublic nature that have no bearing on or relation to how an agency conducts its business.

Documentary materials utilized solely for personal purposes are referred to as personal papers. They consist of the following types of content:

Documents produced prior to joining the federal service: files from prior employment, political papers, and reference files Private documents made, received, or brought into the office include family and personal correspondence, records of work-related, extracurricular, or political activity, book and article manuscripts, drafts, and volunteer and community service records.

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N addition to industrial and reseller markets, organizational markets include ________ ones.

Answers

Answer: government

Explanation:Organizational buyers include all buyers except ultimate consumers.

As an example of a trade-off decision faced by an operations manager, more options for customization of a laptop will lead to:___

Answers

An operations manager may have to choose between increasing the customization possibilities for laptops and increasing costs for the business, which is an example of a trade-off decision.

One quality, quantity, or characteristic of a set or design may be lowered or lost in return for gains in other areas, which would be known as a trade-off. In basic English, a tradeoff happens when something improves but something else must worsen.

Simple physics is one of the numerous sources of limitations. For instance, only a certain amount of objects may fit in a space, thus a container that is currently full must be cleared of some items until it can store any more. Vessels may, however, transport a number of little goods.

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A $150,000 loan has monthly interest-only payments of $1,000. its annual interest rate is:________

Answers

A $150,000 loan has monthly interest-only payments of $1,000. its annual interest rate is 8 percent. Option C

This is further explained below.

What is the annual interest rate?

Generally, The annual cost of borrowing money, including any associated fees, is referred to as the Annual Percentage Rate (APR). This rate is given as a percentage.

In conclusion, The equation for Rate  is  mathematically given as

R= payment / principal,

Where

$1,000 x 12 = $12,000

Therefore

$12,000 / $150,000 principal

Rate = 8%.

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complete question

A $150,000 loan has monthly interest-only payments of $1,000. Its annual interest rate is

3 percent.

6.5 percent.

8 percent.

12.5 percent.

It is said that kone is embedding intelligence across its supply chain and enables smarter buildings. explain.

Answers

KONE started the next stage of its strategy, Sustainable success with consumers, in January 2021. With innovative intelligent solutions, we will increase the value we provide for clients during the four-year strategy term and further integrate sustainability into all of our activities.

Core goods and services: through connectivity and adaptability, they meet the unique demands of each client for a seamless experience. All goods and services shall be made as cost-effective and environmentally friendly as possible.

In order to provide customers with value in new ways, new customer value solutions are being developed and integrated with existing core products and services.

Smart and sustainable cities: become the go-to partner for the construction of smart and sustainable cities.

In this extremely fragmented and fast-growing economy, the service industry in China is becoming the undisputed market leader.

Core values and concepts form the foundation of our culture. We never err on the side of our core values. They consist of sustainability, quality, and safety. The core of our culture is comprised of our values, which stand for the attitudes and actions that KONE wants to encourage.

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According to the midpoint method, the price elasticity of demand for tomatoes between point x and point y is approximately , which suggests that the demand for tomatoes is between points x and y.

Answers

Between points x and point y, the demand for tomatoes is elastic.

The degree to which demand reacts to a change in an economic component is known as elasticity of demand. The most prevalent economic component considered when calculating elasticity is price. Income level and the accessibility of substitutes are further considerations.

Elasticity gauges how demand changes in response to shifting economic conditions. Demand is said to be inelastic when it is unaffected by price changes.

A good or service's price elasticity of demand is calculated by dividing the percentage change in quantity demanded by the percentage change in price.

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The entry to record the receipt of payment within the discount period on a sale of $2,500 with terms of 2/10, n/30 will include a credit to?

Answers

The entry to record the receipt of payment is  $2,590 in accounts receivable.

What is Trade discount?

Trade discounts, also known as functional discounts, are payments made to distribution channel participants in exchange for completing a task. Storage and shelf stocking are two examples of these tasks. Trade discounts are sometimes bundled to cover a variety of services. For instance, 20/12/5 may stand for 20% off for storing the merchandise, 12% more off for shipping, and 5% more off for keeping the shelves filled.

Terms 2/10, n/30 state that payments must be made within 10 days of the date of purchase to receive a 2% discount, and payments must be made in full within 30 days to avoid a discount.

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The stage in which product ideas are presented to groups of target consumers physically or symbolically is referred to as ________.

Answers

The stage in which product ideas are presented to groups of target consumers physically or symbolically is referred to as concept testing.

Who are the target consumers?

The person who is most likely to buy your product is your target consumer and it's a subset of the broader target market. A target market is a collection of clients with similar populations who have been chosen as the company's most likely purchasers for its products or services. Identifying the target market is important in the development and implementation of a successful marketing plan for any new product. For instance, if female athletes between the ages of 13 and 25 make up your target market, female athletes between the ages of 13 and 16 might be your ideal target consumer.

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Josh collins plans to buy a house for $281,000. if that real estate is expected to increase in value by 8 percent each year, what will its approximate value be six years from now?

Answers

Josh Collins plans to buy a house for $281,000. if that real estate is expected to increase in value by 8 percent each year, $250,740 will its approximate value be six years from now.

Real estate is defined because the land and any permanent structures, sort of a home, or improvements attached to the land, whether natural or man-made. property may be a style of belongings. Key Takeaways. property could be a term that refers to the physical land, structures, and resources attached thereto.

Holding includes the property of the important estate, but it expands its definition to incorporate a bundle of ownership and usage rights. Real estate examples are all around us within the sort of homes, offices, shopping centers, hospitals, farms, etc.

The raw land a particular distance from our city is assets, then is that the road that gets us there. Many folks love working and investing in it because, by nature, the asset Real estate is tangible. There are three main forms of property: vacant land, residential properties, and commercial properties.

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Trek bicycle purchases only the highest quality raw materials to make products that will live up to its mission to build the best bikes in the world. As an organizational buyer, trek operates in which type of market?.

Answers

According to the aforementioned query, the trek bicycle industry serves the industrial market.

In an industrial market, businesses trade goods or services with other businesses rather than with a consumer base. This sector, also referred to as the business-to-business market, includes three different subsets: companies that sell goods, companies that sell raw materials, and companies that provide services. All three of these occur in various distinct industries.

The advantages of this sector above the conventional consumer market are numerous. The industrial market only focuses on the products and services used to create a distinct end product.

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What is the shadow economy?

Answers

Shadow economy – definition and meaning

The term "shadow economy" refers to all employment and commercial activity that takes place "below the radar"—economic activity that is not reported and for which taxes ought to be paid.

The shadow economy, also referred to as the informal sector, the black economy, the underground economy, or the gray economy, is made up of both lawful jobs like gardening, working in construction, or selling goods to passing motorists at traffic lights and illegal ones like drug dealing and smuggling.

This sector of the economy also includes circumstances in which people are required to labor for free or as slaves or in which labour is done in return for goods or services other than money.

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