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.
A luxury good is an example of a good that might not be bought if prices rise. A. true B. false
Weegy: A luxury good is an example of a good that might not be bought if prices rise. TRUE. (More)
Question
Expert Answered
Updated 58 days ago|10/14/2018 10:04:01 AM
0 Answers/Comments
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 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 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 10/3/2017 7:44:59 AM
This answer has been confirmed as correct and helpful.
27,887,990
questions answered
GET
Answers.
GET THE APP.
weegy*
*
Get answers from Weegy and a team of really smart live experts.
Popular Conversations
What is a gland?
Weegy: Pituitary gland is known as the "master gland". User: What gland works in the brain and also makes hormones?
12/4/2018 6:58:27 AM| 5 Answers
Which one of the following is a qualification to becoming the ...
Weegy: A natural-born citizen is a qualification to becoming the president. User: Which one of the following ...
12/6/2018 3:14:39 PM| 4 Answers
who is richard nixon
Weegy: The 38th US President Gerald Ford was the president after Richard Nixon. User: Phyllis Schalfy
12/4/2018 8:24:17 AM| 3 Answers
The thalamus is part of the A. brain stem. B. ...
Weegy: BRAIN STEM helps regulate heartbeat and respiration. User: Myasthenia gravis is a A. rare disease ...
12/4/2018 7:57:45 PM| 3 Answers
This form of argument is an inductive form that reasons from the ...
Weegy: Inductive reasoning (as opposed to deductive reasoning) is reasoning in which the premises seek to supply strong ...
12/1/2018 6:57:38 AM| 2 Answers
One benefit of a sound community plan to deal with a hazardous ...
Weegy: One benefit of a sound community plan to deal with a hazardous materials emergency is: Roles and ...
12/2/2018 8:23:29 PM| 2 Answers
Which ics functional area monitors coast related to the incidents and ...
Weegy: Finance/Administration monitors costs related to the incident and provides accounting, procurement, time ...
12/2/2018 9:17:01 PM| 2 Answers
S
L
P
C
Points 413 [Total 1457] Ratings 1 Comments 403 Invitations 0 Offline
S
R
L
R
P
R
P
R
R
R
R
P
R
P
Points 375 [Total 2384] Ratings 4 Comments 335 Invitations 0 Offline
S
L
Points 248 [Total 394] Ratings 0 Comments 248 Invitations 0 Offline
S
Points 20 [Total 20] Ratings 2 Comments 0 Invitations 0 Offline
S
Points 20 [Total 20] Ratings 2 Comments 0 Invitations 0 Offline
S
L
R
P
Points 18 [Total 1381] Ratings 0 Comments 18 Invitations 0 Offline
S
Points 12 [Total 12] Ratings 0 Comments 2 Invitations 1 Offline
S
Points 12 [Total 12] Ratings 0 Comments 12 Invitations 0 Offline
S
Points 10 [Total 10] Ratings 0 Comments 0 Invitations 1 Offline
S
Points 10 [Total 10] Ratings 0 Comments 0 Invitations 1 Offline
* Excludes moderators and previous
winners (Include)
Home | Contact | Blog | About | Terms | Privacy | © Purple Inc.