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Why dont you have a choice in electricity suppliers?

The choice in electricity suppliers is usually limited by location. Considering the price of wiring and poles, most places do not have more then one provider.


Why does the supply line slope and to the right?

Because, as the price increases, suppliers are prepared to produce more units. Because, as the price increases, suppliers are prepared to produce more units. Because, as the price increases, suppliers are prepared to produce more units. Because, as the price increases, suppliers are prepared to produce more units.


What is the price at which consumers will purchase the same quantity of a product that suppliers will produce?

The equilibrium price is the price at which consumers will purchase the same quantity of a product that suppliers will produce.


What factor affect price?

What factors usually affect pricing?


If the price of a product is above the equilibrium price what is the result?

suppliers produce more than consumers want to purchase and the suppliers end up with surpluses.


How would suppliers react to a price increase for a product?

Suppliers supply more of the goods as and when prices of that commodity increases.


Suppliers and consumers are affected by any change in the price of a good or service the price change is a?

The price change is a signal that affects supply and demand dynamics in the market. When prices rise, suppliers may increase production to capitalize on higher potential profits, while consumers may reduce their demand or seek alternatives. Conversely, a price drop may lead to decreased production from suppliers and increased consumption from buyers. This interaction highlights the interconnectedness of suppliers and consumers in response to price fluctuations.


How do you write a letter for asking price reduction from suppliers due to raw material reduction?

price reduce letter


What is factor price?

the cost of factor of production


What is the tendency of suppliers to offer more of a good at higher price?

Law of Supply


Why are price floors and price ceilings posed?

if the market price imposed by suppliers are too high for consumers then the price ceilings are imposed....if the market price is too low for the producers then price floors is imposed.


List of causes of unfavorable direct material price variance?

1.rise in price. if price will be higher than the budgeted price then unfavourable 2.shortage of suppliers. this led to increase in price