sarishna176
sarishna176 sarishna176
  • 24-04-2021
  • Social Studies
contestada

how is the price of the good determined in the market? Write with example​

Respuesta :

ajaysolanki
ajaysolanki ajaysolanki
  • 24-04-2021

Answer:

The market price of an asset or service is determined by the forces of supply and demand. The price at which quantity supplied equals quantity demanded is the market price. The market price is used to calculate consumer and economic surplus. ... Economic surplus is the sum total of consumer surplus and producer surplus.

plzz mark me as brainliest

Answer Link

Otras preguntas

I don't know what ten times 10 is?
What is thegcf of 70 and 95?
How would I use Bioethics in one sentence.
The human genome project __________. a. was completed in 2003 b. is still underway and may be completed in the next decade c. provides information that will a
William earns $13 an hour working at a movie theater last week he worked h hours at the concession stand and three times as many hours at the ticket counter wri
How do you write 1/2 into a percent please
Lee reads for 3/4 hour in the morning and 2/4 hour in the afternoon. how much longer does lee read in the morning than in the afternoon.
Where is the acetylcholine produced and to where does it travel?
What steps can i take to ensure a safe workout?
What is the simplest form of this expression? 2(y-1) 8