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 357 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 357 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 357 days ago|10/3/2017 7:44:59 AM
This answer has been confirmed as correct and helpful.
27,380,027
questions answered
GET
Answers.
GET THE APP.
weegy*
*
Get answers from Weegy and a team of really smart live experts.
Popular Conversations
Synonym for poor:
Weegy: A synonym is a word or phrase that means exactly or nearly the same as another word or phrase in the same ...
9/16/2018 4:15:32 PM| 2 Answers
What are the means of the following proportion? 3/15 = 12/60 ...
Weegy: The extremes of the proportion 3/15 = 12/60 are 3 and 60.
9/17/2018 12:13:43 PM| 2 Answers
What is a command staff?
Weegy: COMMAND is The act of directing and/or controlling resources by virtue of explicit legal, agency, or delegated ...
9/17/2018 5:30:24 PM| 2 Answers
The Monroe Doctrine was updated and adapted to the Roosevelt era with ...
Weegy: The Monroe Doctrine was updated and adapted to the Roosevelt era with The Roosevelt Corollary. User: Which ...
9/17/2018 8:38:36 PM| 2 Answers
S
L
Points 1320 [Total 1631] Ratings 16 Comments 1160 Invitations 0 Online
S
R
L
R
P
R
P
R
R
R
R
Points 495 [Total 1379] Ratings 4 Comments 365 Invitations 9 Offline
S
L
R
P
R
P
R
P
R
Points 452 [Total 1227] Ratings 3 Comments 392 Invitations 3 Offline
S
L
P
P
P
Points 363 [Total 1239] Ratings 0 Comments 363 Invitations 0 Offline
S
L
R
Points 77 [Total 194] Ratings 0 Comments 77 Invitations 0 Offline
S
Points 10 [Total 10] Ratings 0 Comments 0 Invitations 1 Offline
S
L
1
R
Points 2 [Total 1453] Ratings 0 Comments 2 Invitations 0 Offline
S
Points 2 [Total 2] Ratings 0 Comments 2 Invitations 0 Offline
S
Points 1 [Total 1] Ratings 0 Comments 1 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.