Ask Question
BusinessBusiness
22 July, 00:19

What determines the price and the quantity produced of most goods

+4
Answers (2)
  1. 22 July, 02:44
    0
    Ultimately it's the demand that governs the price and the quantity produced.

    We can't speak of supply without the demand as the low of demand eventually governs the price and the quantity produced.

    However, several factors affect the supply such as the taxes, technology and environmental effects.
  2. 22 July, 03:14
    0
    What determines the price and the quantity produced of most goods?

    Demand determines the price of goods and the quantity of goods produced

    Explanation:

    The law of demand governs this, the higher the price the lower the quantity demanded. This shows that demand is a great factor whenever price is to be made and quantity of goods.
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “What determines the price and the quantity produced of most goods ...” in 📘 Business if you're in doubt about the correctness of the answers or there's no answer, then try to use the smart search and find answers to the similar questions.
Search for Other Answers
You Might be Interested in
A natural monopoly occurs when: Group of answer choices long-run average costs decline continuously through the range of demand. long-run average costs rise continuously as output is increased.
Answers (1)
Of the following duties, it is most important to separate a. accounts payable and accounts receivable b. warehouse from inventory control c. warehouse from stores d. purchasing and accounts receivable
Answers (1)
A teenager purchases a camera for $62 by endorsing his paycheck of $90. not having $28 change in his register the camera store owner runs across the street to the drug store and obtains $90 in cash for the check.
Answers (1)
The SDS attracted primarily blue-collar workers. True or False
Answers (1)
American Idle sells hammocks in a perfectly competitive market. This year, the price of hammocks has fallen to $24, and Simon Cowbell, the manager of American Idle, is trying to decide what to do.
Answers (1)
New Questions in Business
Richard hires Paul to paint his kitchen in two eight-hour days of work for $500. At the end of the first day, the kitchen is 85 percent complete. Richard asks Paul to stay late and finish.
Answers (1)
A manager demonstrates when he listens carefully to his subordinates and works to build trusting relationships.
Answers (1)
On March 1, 2017, Boyd Company acquired real estate, on which it planned to construct a small office building, by paying $80,000 in cash.
Answers (1)
A. Assume that the risk-free rate is 8 percent, the required rate of return on the market (or an average-risk stock) is 13 percent, and the required rate of return on Acme Healthcare stock is 15 percent.
Answers (1)
taxes: a. are unlikely to affect market supply and demand b. are copmulsory payments to governments c. never affect efficiency in the allocation of resourcesd. are voluntary payments to governments
Answers (1)
Home » Business » What determines the price and the quantity produced of most goods
Sign Up Forgot Password?