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What determines a price of a good service?

The price and quantity are generally determined by the demand for the products, e.g the desire by consumers to purchase them. Generally, the greater the demand, the higher the price, and the greater the quantity that will be produced for sale.


What determines the price and quantity produced of most goods?

Price and quantity produced of any given product and service is dependent on multiple economic, social and political factors. Assuming ceteris parabus (all else being equal) the quantity of supply and demand determine the equilibrium point, or price of a good or service.


What can you use to show that one quantity is greater than another quantity?

You use the "greater than" symbol, > .


When the quantity demanded is greater than the quantity supplied what is it?

could be shortage


If quantity demanded is greater than quantity supplied?

it is called a shortage


What is it when the quantity supplied is greater than the quantity demanded?

could be shortage


When quantity supplied is greater than quantity demanded there is?

Excess supply.


What is 2 times the quantity 4 greater than a number?

2 times the quantity 4 greater than a number


When quantity demanded is greater than quantity supplied the price will?

the price increase


What is the percent of change when the original quantity is greater than the new quantity?

The percentage change is always 100*(new-old)/old provided the old is non-negative. If the original quantity is greater than the new quantity, the percentage change will be negative - no big deal.


What does how many times greater mean?

"How many times greater" refers to a comparison between two quantities, indicating how many times one quantity exceeds another. For example, if Quantity A is three times greater than Quantity B, it means that Quantity A is equal to Quantity B multiplied by three. This phrase is often used in mathematical contexts to express ratios or differences in size, magnitude, or value.


Condition which the quantity demanded is greater than the quantity supplied?

Shortage of supply, or Excess/surplus of demand