Ask Question
BusinessBusiness
30 October, 09:12

Which of the following statements is correct? Buyers determine supply and sellers determine demand. Buyers determine demand and sellers determine supply Buyers determine both demand and supply. Sellers determine both demand and supply.

+3
Answers (2)
  1. 30 October, 09:18
    0
    Buyers determine demand, and sellers determine supply.

    Explanation:

    Supply is the amount of goods that sellers are willing to sell at various given prices. Demand is the amount of goods buyers/consumers are willing to buy at a given price. The market as an economic activity brings buyers and sellers together. Buyers determine demand for a particular product at various prices while sellers determine the supply of a particular product at various prices.
  2. 30 October, 09:41
    0
    Answer: The statement "Buyers determine demand and sellers determine supply" is correct.

    Explanation: Offer: It is the quantity of goods or services for sale that exists in the market by its bidder.

    Demand: It is the amount of product demand that consumers want to acquire within an economy.
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “Which of the following statements is correct? Buyers determine supply and sellers determine demand. Buyers determine demand and sellers ...” in 📗 Business if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Search for Other Answers
You Might be Interested in
Bustillo Inc. is working on its cash budget for March. The budgeted beginning cash balance is $38,000. Budgeted cash receipts total $119,000 and budgeted cash disbursements total $113,000. The desired ending cash balance is $57,500.
Answers (1)
Which of the following illustrates scarcity I got new pair of running shoes. Angie loves riding her bike. Ben will travel to new york city for spring break. Susa wants to buy an iPhone 7 that costs over $700, but has only $200 to spend.
Answers (2)
Describe a developed nation and pve an example
Answers (1)
A private investment partnership open only to wealthy individuals and institutions is a (n) :
Answers (1)
On September 12, 3,500 shares of Aspen Company are acquired at a price of $39.00 per share plus a $175 brokerage commission. On October 15, a $1.20-per-share dividend was received on the Aspen Company stock. On November 10, 1,400.
Answers (1)
New Questions in Business
John invested $12,000 in the stock of Hyper Cyber. Eight years later, Hyper Cyber's shares reached $125,000, but John held onto the shares in the belief that their price would double in the next five years. Unfortunately, Hyper Cyber did not double.
Answers (2)
Describe key services that the financial system provides to savers. A. Economies of scale of information B. Liquidity C. Risk sharing D. All of the above
Answers (1)
Brooks Company received proceeds of $188,500 on 10-year, 8% bonds issued on January 1, 2016. The bonds had a face value of $200,000, pay interest semi-annually on June 30 and December 31, and have a call price of 101.
Answers (1)
Lion Company's direct labor costs for the month of January were as follows: Actual total direct labor-hours 20,000 Standard total direct labor-hours 21,000 Direct labor rate variance-unfavorable $3,000 Total direct labor cost $126,000 What was
Answers (1)
The priority of the product in agile is more significant than in traditional project management, as the outcome, or product, will drive the elaboration of the project. True / False.
Answers (1)
Home » Business » Which of the following statements is correct? Buyers determine supply and sellers determine demand. Buyers determine demand and sellers determine supply Buyers determine both demand and supply. Sellers determine both demand and supply.
Sign Up Forgot Password?