Register
In microeconomics, price helps determine both supply and demand. which other factors also help determine each?
70.8k views
3 votes
In microeconomics, price helps determine both supply and demand. which other factors also help determine each?

User Dharmbir Singh
by
6.0k points

2 Answers

5 votes
Hello there.

In microeconomics, price helps determine both supply and demand. which other factors also help determine each?
Supply is determined by production costs, and demand is determined by need for the product.
User Igor Artamonov
by
5.9k points
5 votes
The other factors that also help determine each would be that the supply is determined by production costs, and demand is determined by need for the product. Hope this answers the question. Have a nice day.
User Tasin Ishmam
by
6.1k points
Ask a Question
Welcome to QAmmunity.org, where you can ask questions and receive answers from other members of our community.

6.5m questions

8.6m answers

Other Questions

One reason that businesses want to combine with other businesses is to A. avoid taxes. B. delay expenses. C. hire more workers. D. reduce expenses.
Which of the following possesses the sole power to create revenue bills?
A ______ is "the basic interpretive mechanism to let people know what an organization is doing and are sent out to editors and reporters in hopes of stimulating favorable stories about their organizations"
All of the following are fees typically charged by credit card companies EXCEPT: A. Late payment fee B. Balance Transfer fee C. Annual membership fee D. Reload fee
Individuals are free to produce and sell whatever products they wish
Link Copied!