Explain the laws of supply and demand from the perspective of the consumer (demand) and the perspective of the producer (supply). Provide, explain, and give local or personal examples for two determinants for both supply and demand.

Answers

Answer 1

The correct answer to this open question is the following.

Although there are no options attached we can say the following.

The explanation of the laws of supply and demand from the perspective of the consumer (demand) and the perspective of the producer (supply) is the following

In the Capitalists economic system, investors and entrepreneurs took risks when invested their money to create their companies. They let supply and demand established the prices of goods and services. The free market is ideal for them.

For the consumer, the demand is the number of people that ask for a determined product in the market. The more people demand a certain product, the price of this product could be higher if product is not enough.

From the perspective of the producer, if too many people demand the product, the producer can charge more when selling the product to the public. But if consumers are not demanding the product and there is plenty of this product, producers have to reduce the price of the product so people could be interested in purchasing it.

A simple example is winter clothes in summer and summer clothes in winter. Nobody is going to ask for a snow jacket in the summertime, so this product won't be available or is going to be relatively cheap because the weather is hot. On the other hand, during winter, that product would be expensive because a lot of people are going to be interested in purchasing one. And as nobody will ask for short pants, these are going to be cheap.


Related Questions

On June 3rd 1942 the Japanese Navy sought to deliver a final blow to the U.S Navy by destroying its last remaining Air craft carriers and other surface ships at the Battle of Midway. Explain what the significance of this battle was for the U.S Navy and the United States?

Answers

Answer:

Battle of Midway, (June 3–6, 1942), World War II naval battle, fought almost entirely with aircraft, in which the United States destroyed Japan's first-line carrier strength and most of its best trained naval pilots

Explanation:

what does (2p to the power of -1/4) to the power of 2 equal?
[tex]( {2p}^{ - \frac{1}{4} } ) {?}^{2} [/tex]
what does this equal to?​

Answers

Answer:

i need weed gimme it

Explanation:

i need weed gimme it

Conquistadores came to Central America to conquer it for _____and to gain great
riches.

France

England

Portugal

Spain

Answers

Answer:

england

Explanation:

SANA MAKATULONG PO

IF IM WRONG

1. How were architects and builders of the Renaissance influenced by both classical and humanist ideas?

Answers

Answer:

How were architects and builders of the Renaissance influenced by both classical and humanist ideas? Renaissance buildings were modeled on ancient ruins. They had Greek and Roman inspired features such as arches, columns, and domed roofs. ... Renaissance figures were realistic like classical figures, but with emotions.

Renaissance buildings were modeled on ancient ruins. They had Greek and Roman inspired features such as arches, columns, and domed roofs. Renaissance figures were realistic like classical figures, but with emotions. Therefore, Renaissance painters were influenced by the renewed interest in classical culture and the spread of humanism. They wanted to depict real people who were posed in lifelike ways and whose faces expressed emotions. They also wanted to include realistic settings. The result was a new style of painting.

In which region of the US is Wyoming located?

Midwest
Southwest
Rocky Mountain
Pacific Northwest

Answers

midwest...............................
Midwest....................

Who created better reforms and policies for Rome, Julius or Augustus Caesar

Answers

Answer:

Julius

Your welcome

where did the treaty of verseilles get signed

Answers

Answer:

Palace of Versailles

Explanation:

Jun 28, 1919 CE: Treaty of Versailles. On June 28, 1919, the Treaty of Versailles was signed at the Palace of Versailles outside Paris, France.

Answer:

paris, france

Explanation:

Question 4 (1 point)
Cultural divergence is when is when one group starts purposely living in isolation from others.
True
False

Answers

Answer: true

Explanation:

Who were the parties in El Salvador's civil war?

Answers

Answer:

I think it was democrats and republicans im not sure though

Explanation:

Machines become more efficient when ______ is reduced.

Answers

Answer: Friction was reduced because lubricants can make machines more efficient.

Answer:

energy/fossil fuels

Explanation:

the use of fossil fuels is inefficient, therefore when machines are able to operate at a reduced consumption rate, it will be more efficient.

who is more famous mj or jfk

Answers

Answer:

jfk

Explanation:

Answer:

mj ppl talk more about mj than j f k

Explanation:

The debate at the center of the two excerpts from the St. Petersburg times represents a broader political divide between which of the following two groups?

Answers

Answer: liberals and conservatives

Explanation: just took the test

Answer:

liberals and conservatives

Explanation:

a.pex

what factor changed Woodrow Wilsons opinion about entering WW1

Answers

Hopes this helps:

Answer: German U-boat activity had forced the United States into the war.

Have a great day.
The sinking of the Lusitania by German u-boats changed Woodrow Wilson’s opinion about entering the war. Before this the people praised Wilson for being the president that kept them out of war.

Ano ang pagkaunawa mo o nabuo mong ideya tungkol sa katarungang panlipunan?

Answers

Answer:

1.Pagpatay, ang buhay ay katarungan.

2. Pang-aagaw ng lupa, katarungan ang gumalang sa pagmamay-ari ng lupa.

3. Pang-aapi, katarungan ang pagkalinga at paggalang sa dignidad ng tao.

4. Diskriminasyon sa komunidad, katarungan ang respetuhin at maging ligtas sa komunidad.

Explanation:

Sana makatulong po.

What was a criticism of the USA Patriot Act when first enacted?

Answers

Answer:

Criticism. Critics of the USA PATRIOT Act charged that several parts of the statute were unconstitutional or invited abuse by federal authorities.

Answer: it went too far in allowing the government to gather intelligence on private conversations of US citizens

Explanation:

Plato

Describe in detail 3 main reasons why the Great Depression came to being?

Answers

Answer:

Deflation

The Great Depression, which generally is considered to have begun with the stock market crash in October 1929, changed the way America worked 12. At the end of the Roaring Twenties when the stock market and the economy soared, the crash appeared inevitable in retrospect. More goods were being produced than were needed, and without people to buy them, jobs disappeared. The event was a part of a spiral that ended with production of materials for World War II. Deflation, the opposite of inflation, occurs when the basic value of money goes up. When too many goods are available, the price goes down, so money essentially is worth more. For example, during the 1920s, there was a dramatic expansion of office space in cities, particularly New York City. This meant that office space could be found all around the city, so prices went down--but no one was occupying the space. A prime example is the Empire State Building, begun in 1930 and opened in 1931. Its 102 stories went largely unoccupied throughout the Depression, and the building did not become profitable until 1950 12.

 

Demand

During the 1920s, the United States was furiously producing products from automobiles to radios that were being purchased largely on credit. By 1929, the markets were saturated with such products and demand began to fall. Because of the runs on banks and the frantic sell-off of stocks, credit became hard to get even for those wanting a new car. Once there was a major backlog of products no one was buying, there was little money coming into the companies that made the products. This resulted in massive layoffs of workers throughout the country. Without income--and there was no unemployment insurance before Franklin Delano Roosevelt’s New Deal in the 1930s--people began to lose their homes and had little money to buy anything other than food. Demand for products and services dried up, which led to even more unemployment.

During the 1920s, the United States was furiously producing products from automobiles to radios that were being purchased largely on credit.

Because of the runs on banks and the frantic sell-off of stocks, credit became hard to get even for those wanting a new car.

Unemployment

Because no one had any money to buy products, the people who built the products were out of work. They also had little money to buy anything, and the spiral continued. Social programs were not government-run at the time, so there were few places to turn to for help other than religious and other charities. They, too, were strained by the sheer numbers of people turning up for bread and soup. The companies had no money coming in, so many of them folded. Those that remained had few workers. By 1933, nearly 25 percent of the workforce was unemployed.

Because no one had any money to buy products, the people who built the products were out of work.

Social programs were not government-run at the time, so there were few places to turn to for help other than religious and other charities.

Explanation:

When did the Battle of Midway take place?


six months after Germany surrendered

six months before the attack on Pearl Harbor.

six months before Germany invaded Poland

six months after the attack on Pearl Harbor

Answers

Answer:

Battle of Midway, June 3rd to 6th 1942

Explanation:

World War II naval battle, fought almost entirely with aircraft, in which the United States destroyed Japan's first-line carrier strength and most of its best trained naval pilots.

The Battle of Midway was a major naval battle in the Pacific Theater of World War II that took place on 4–7 June 1942, six months after Japan's attack on Pearl Harbor and one month after the Battle of the Coral Sea.

Hope this helped!

Answer:

six months after the attack on Pearl Harbor

The Fall of the Soviet Union marked the dissipation of this Communist power after the end of the Cold War. False True

Answers

Answer:

false

Explanation:

Soviet Union has nothing to do with the US communist

How are the major political parties similar?

Answers

Answer:

they all want to run the country and whats best for it. whatever they think that may be.

Explanation:

The Federalists, led by Secretary of Treasury Alexander Hamilton, wanted a strong central government, while the Anti-Federalists, led by Secretary of State Thomas Jefferson, advocated states' rights instead of centralized power.

what did the nazis decide to do about ridding their nation of jews as quickly as possible?

Answers

Answer:

Mass killing

Explanation:

sorry if its wrong but i think its right

they created concentration camps where they would murder a large group of people at once who were mostly Jewish or Romani. they also encouraged their citizens to report if they saw a jewish person or suspected someone was hiding them to ensure that they murdered as many jewish people as possible.

PLSS help


What was the outcome of the debate on Social Security reform?

Answers

Answer:

To solve problems.

Explanation:

The outcome of the debate on Social Security reform was to provide information to the audience about the importance of  Social Security reforms and its role in the economy as well as on the individual. The debate was occurred in order to solve issues and problems related Social Security reform and to find out a solution which is better for the society as well as its people.

PLS HELP! IM IN THE QUIZ RN!

The first Arab-Israeli war resulted in

A. UN censure of Israel.

B. the emergenee of nationalist leaders in places such as Egypt and Iran.

C. the discrediting of the Israeli government.

D. Israeli control of the West Bank and the Gaza Strip.

Answers

Answer:

The Answer is gonna be D. Israeli control of the West Bank and the Gaza Strip.

This is the Answer for your question :3

I hope you are having a great day ❤️❤️❤️❤️

¿Qué diferencias existen en la manera como el liberalismo y el comunitarismo entienden la ciudadanía?

Answers

La respuesta correcta para esta pregunta abierta es la siguiente.

A pesar de que no anexaste opciones o incisos para responder, podemos comentar lo siguiente.

Las diferencias que existen en la manera como el liberalismo y el comunitarismo entienden la ciudadanía, son las siguientes.

Para el comunitarismo, la ciudadanía es el conjunto de miembros que componen una sociedad, y estos, en comunidad, son merecedores de compartir los bienes que el Estado les provee.

La idea de una convivencia comunitaria entre los ciudadanos es la base del comunitarismo que desea estrechar los lazos sociales para lograr la cohesión moral y fortalecer la identidad nacionalista entre sus miembros.

Por el contrario, en el caso del Liberalismo, este entiende a la ciudadanía como miembros de la sociedad que deben respetar el orden establecido por el Estado y sus instituciones y leyes, emanadas por un gobierno constituido.

Para el liberalismo, la ciudadanía debe estar sometida a las leyes que procuran el orden y resguardar las libertades individuales garantizadas en la Constitución, que son el derecho a la vida, la defensa de la libertad y el cuidado de la propiedad privada.

What was NOT a cause of World War I?
A) Alliances
OB) Nationalism
O C) Isolationism
D) Militarism
OE) Imperialism

Answers

I think it is c not sure tho
C) isolationism

if you’ve heard of the acronym “MAIN” for the causes of WW1, it’s militarism, alliances, imperialism, and nationalism

was the civil war more about slavery or states right and why?

Answers

Answer:

Slavery played the central role during the American Civil War. The primary catalyst for secession was slavery, especially Southern political leaders' resistance to attempts by Northern antislavery political forces to block the expansion of slavery into the western territories.

Explanation:

Which of these measures did President Kennedy succeed in passing?A. Tax cuts
B. Aid for education
C. Universal health care
D.A higher minimum wage

Answers

Answer: He succeeded in passing a higher minimum wage so the answer is D

Explanation:

President John F. Kennedy successfully passed a higher minimum wage during his presidency. In 1961, Kennedy signed into law the Fair Labor Standards Act. Hence option D is correct .

Which of these measures did President Kennedy succeed in passing?

Which increased the federal minimum wage from $1 to $1.25 an hour, and from $1.25 to $1.60 an hour in 1963. The legislation also extended minimum wage protection to more workers, including retail and service employees, and raised the minimum wage for tipped workers.

The higher minimum wage was part of Kennedy's efforts to address poverty and stimulate economic growth. He argued that a higher minimum wage would increase consumer spending and reduce poverty, and he also believed that it was a matter of basic fairness to ensure that workers received a living wage.

While Kennedy faced opposition from some business interests and conservative lawmakers who argued that a higher minimum wage would hurt the economy and lead to job losses, he was ultimately able to achieve his goal. The higher minimum wage helped to lift many low-wage workers out of poverty and played a role in reducing income inequality in the United States.

Learn more about President Kennedy here

https://brainly.com/question/10223232

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HURRRY PLEASE!!!!!
What is the first step in the scientific method?

Develop a hypothesis.
Perform experiments.
Identify a question.
Research the topic.

Answers

Answer:

Identify a question.

Explanation:

Which famous general was defeated at the Battle of Little Bighorn?

Robert E. Lee

Ulysses S. Grant

George Armstrong Custer

Answers

I think it’s George Armstrong that they defeated

Answer:

C. George Armstrong Custer

Explanation:

I think but not to sure i hope this helps :0

Have an amazing day children!

O desenho retrata a fazenda de São Joaquim da Grama com a casa-grande, a senzala e outros edifícios representativos de uma estrutura arquitetônica característica do período escravocrata no Brasil. Esta organização do espaço representa uma a) estratégia econômica e espacial para manter os escravizados próximos do plantio. b) tática preventiva para evitar roubos e agressões por escravizados fugidos. c) forma de organização social que fomentou o patriarcalismo e a miscigenação. d) maneira de evitar o contato direto entre os escravizados e seus senhores. e) particularidade das fazendas de café das regiões Sul e Sudeste do país.

Answers

Answer:

c) forma de organização social que fomentou o patriarcalismo e a miscigenação.

Explanation:

Esse desenho retratava a organização espacial das propriedades no Brasil colonial e ele foi estabelecido dessa forma para reforçar as ideias de ordem patriarcal e hierarquia social que estimulava as ideias de desvalorização do escravo negro, enquanto valorizava o senhor da propriedade e as pessoas de traços físicos europeus.  Por esse motivo, a casa grande ficava no centro do tereno, reforçando a ideia de controle e superioridade dos cidadãos brancos, enquanto as demais instalações ficavam nos lugares mais perifericos do terrreno.

Obs: Perguntas em português devem ser postadas no campo "world languagens" porque esse é o servidor americano e não o servidor brasileiro, caso contrario a sua pergunta corre o risco de ser excluída.

Why was the economic system of manorialism used in the early Middle Ages?

Answers

Answer:

The economic system of manorialism was widely used in mediaeval Europe as a mechanism for landowners to lawfully maximise their profits while exploiting a peasant labour.

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Based on the extended metaphor, how does the speaker feel toward Abraham Lincoln?The speaker is annoyed that Lincoln receives so much attention when he returns.The speaker is pleased with Lincolns actions but believes the army deserves the credit.The speaker wants to honor and celebrate Lincolns accomplishment of winning the war.The speaker wants to show how the Confederate armys cause was doomed. 3) How did the conquering of Ethiopia expand the Italian Emperor? Determine whether the sampling is dependent or independent. Indicate whether the response variable is qualitative orquantitative.A city council randomly selects 1000 married couples from a certain city and records the number ofwomen who are in favor of a new football stadium and the number of men who are in favor.a. quantitative, dependentb. qualitative, dependentc. qualitative, independentd. quantitative, independent Which prompt would be best addressed with a chronological structure?A. Research the history and development of aviation. Be sure to include major milestones, from the Wright brothers' first experiments to the current space program.B. How does your life differ from the life of a child in colonial times? How is it the same? Consider education, family, communication, transportation, and technology in your response.C. You've been studying the life of the Underground Railroad leader Harriet Tubman. How would Tubman's life best de depicted - as a book or as a movie? Explain the pros and cons of each, and support your choice with reasons and examples.D. In the American Revolution, the Americans had a smaller army with less training than the British, yet they were able to win the war and create an independent United States. What factors best explain the outcome of the war? 28. The mass of a steel building frame is 5500 kg. 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Caged Bird by Maya AngelouThe free bird leapson the back of the windand floats downstreamtill the current endsand dips his wingsin the orange sun raysand dares to claim the sky.But a bird that stalksdown his narrow cagecan seldom see throughhis bars of ragehis wings are clipped andhis feet are tiedso he opens his throat to sing.The caged bird singswith fearful trillof the things unknownbut longed for stilland his tune is heardon the distant hill for the caged birdsings of freedomThe free bird thinks of another breezeand the trade winds soft through the sighing treesand the fat worms waiting on a dawn-bright lawnand he names the sky his own.But a caged bird stands on the grave of dreamshis shadow shouts on a nightmare screamhis wings are clipped and his feet are tiedso he opens his throat to singThe caged bird sings with a fearful trillof things unknownbut longed for stilland his tune is heardon the distant hillfor the caged birdsings of freedom. 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