Describe how supply and demand affect the price of a product.
What will be an ideal response?
The supply of a product is the quantity of the product that producers are willing to sell at each of various prices. Suppliers supply more product when consumers are willing to pay a higher price. The demand for a product is the quantity that buyers are willing to purchase at various prices. Buyers demand more when a price is low. Shifts in demand for a product raise and lower the market price. Also, a change in the supply of a product can cause a change in the price for the product.
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Position advertising copytesting was a set of principles originally designed for:
A) evaluating television ads B) evaluating print ads C) monitoring emotional responses D) persuasion analysis
Bond issue costs have the effect of
a. decreasing a bond discount. b. increasing a bond premium. c. decreasing the effective interest rate. d. decreasing a bond premium.
The offering of services on account is recorded in the revenue journal
Indicate whether the statement is true or false
According to the latest corruption index of countries around the world, the country with the highest level of perceived corruption is ________.
A. Poland B. Chile C. Ukraine D. Somalia