Question and answer
13. What determines the price and the quantity produced of most goods? A. the consumer’s perception of necessity B. the interaction of supply and demand C. the availability of substitutes for the goods D. the quality of the goods that are produced
The interaction of supply and demand determines the price and the quantity produced of most goods.
Question
Asked 11/5/2013 12:04:58 PM
Updated 1/6/2015 11:12:51 AM
1 Answer/Comment
Get an answer
New answers
Rating
3
The interaction of supply and demand determines the price and the quantity produced of most goods.


Added 1/6/2015 11:12:51 AM
This answer has been confirmed as correct and helpful.
Confirmed by sujaysen [1/6/2015 11:29:57 AM]
Comments

There are no comments.

Add an answer or comment
Log in or sign up first.
Questions asked by the same visitor
Round 58,291 to the nearest thousand
Question
Not Answered
Updated 12/14/2014 11:35:52 AM
1 Answer/Comment

58,291 to the nearest thousand is 58,000.
Added 12/14/2014 11:35:50 AM
This answer has been confirmed as correct and helpful.
16. What factor has the greatest influence on elasticity and inelasticity of supply? A. profit B. time C. labor D. financing
Question
Expert Answered
Updated 3/10/2015 12:22:38 PM
1 Answer/Comment
TIME has the greatest influence on elasticity and inelasticity of supply.

Added 3/10/2015 12:22:38 PM
This answer has been confirmed as correct and helpful.
Confirmed by jeifunk [3/10/2015 12:37:56 PM]
1. What happens when wages are set above the equilibrium level by law? A. Firms tend to try to break the law and hire people at the equilibrium level. B. Firms employ more workers than they would at the equilibrium wage. C. Firms employ fewer workers than they would at the equilibrium wage. D. Firms hire more workers but for fewer hours than they would at the equilibrium wage.
Question
Expert Answered
Updated 3/10/2015 1:02:12 PM
1 Answer/Comment
When wages are set above the equilibrium level by law: firms employ fewer workers than they would at the equilibrium wage.


Added 3/10/2015 1:02:12 PM
This answer has been confirmed as correct and helpful.
Confirmed by sujaysen [3/10/2015 2:45:16 PM]
3. A shortage will develop when A. the quantity supplied of a good is greater than the quantity demanded of that good. B. the equilibrium quantity supplied is lower than the actual quantity supplied. C. the government provides subsidies to producers. D. the market price is below the equilibrium price.
Question
Expert Answered
Updated 291 days ago|10/3/2017 7:44:59 AM
2 Answers/Comments
A shortage will develop when: the quantity supplied of a good is greater than the quantity demanded of that good.
Added 291 days ago|10/3/2017 7:34:26 AM
This answer has been flagged as incorrect.
Flagged by Masamune [10/3/2017 7:45:02 AM]
A shortage will develop when the market price is below the equilibrium price.
Added 291 days ago|10/3/2017 7:44:59 AM
This answer has been confirmed as correct and helpful.
27,102,451
questions answered
GET
Answers.
GET THE APP.
weegy*
*
Get answers from Weegy and a team of really smart live experts.
Popular Conversations
Solve –19 = x – 4
Weegy: x/2 = 6 User: Find the value of x in the equation 9 – 4x = 57
7/20/2018 11:37:44 AM| 4 Answers
Which of the following is an example of an improper fraction? ...
Weegy: 3 3/5 as an improper fraction is 18/5. User: How are unlike fractions identified? A. The numerators ...
7/13/2018 4:29:47 PM| 3 Answers
In which phase will crossing-over occur? A. Meiosis II ...
Weegy: Crossing-over occurs in Prophase I. User: Which one of the following accurately describes the Lac operon? ...
7/17/2018 1:41:26 AM| 2 Answers
Evaluate 3! + 4!.
Weegy: 4! = 4 x 3 x 2 x 1 = 24. [smile]
7/17/2018 8:40:17 AM| 2 Answers
S
L
P
Points 207 [Total 407] Ratings 0 Comments 207 Invitations 0 Offline
S
L
Points 195 [Total 195] Ratings 0 Comments 145 Invitations 5 Offline
S
L
R
P
R
Points 137 [Total 460] Ratings 0 Comments 7 Invitations 13 Offline
S
R
L
R
P
R
P
R
R
Points 88 [Total 822] Ratings 0 Comments 8 Invitations 8 Offline
S
Points 49 [Total 49] Ratings 1 Comments 39 Invitations 0 Offline
S
Points 11 [Total 11] Ratings 0 Comments 11 Invitations 0 Offline
S
Points 11 [Total 11] Ratings 1 Comments 1 Invitations 0 Offline
S
Points 10 [Total 10] Ratings 0 Comments 0 Invitations 1 Offline
S
Points 3 [Total 3] Ratings 0 Comments 3 Invitations 0 Offline
S
Points 1 [Total 1] Ratings 0 Comments 1 Invitations 0 Offline
* Excludes moderators and previous
winners (Include)
Home | Contact | Blog | About | Terms | Privacy | © Purple Inc.