Ask Question
BusinessBusiness
7 December, 07:17

What are two different ways in which we usually express information about the demand for a good service or resource?

+2
Answers (1)
  1. 7 December, 07:26
    0
    The two different ways in which we usually express information about the demand for a good service or resource are the demand schedule is equal to the demand curve.

    Explanation:

    Demand refers to a consumer's appetite and willingness to buy products and services and to pay the price for a particular good or service. Keeping all the other variables steady will decrease the amount required by increasing the price of a good or service and vice versa.

    Usage means the potential of consumers to buy goods and services at certain prices.

    It can be either market demand for a particular commodity or aggregate demand for all products in such an economy.

    Demand decides, in conjunction with supply, the actual cost and the quantity of goods which increase in value on the market.
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “What are two different ways in which we usually express information about the demand for a good service or resource? ...” 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
A university that promotes itself as a very traditional campus with an old-world look and feel, where the facilities are manicured and the dorm rooms are large is focusing on which service quality dimension?
Answers (1)
Gary would like to choose an access control model in which the owner of a resource decides who may modify permissions on that resource. which model fits that scenario?
Answers (1)
Juan Foods purchases a computer system in 2015 for $20,000. Its expected useful life is 5 years. At the end of 2015, it has to record depreciation on the computer system of $2,000. What is the correct journal entry to record the depreciation
Answers (1)
You were hired by a small start-up company. the company is in a small office and has several remote employees.
Answers (1)
On January 1, 2019, a customer places an order for a new customized vehicle. The contract price is $33,000. The vehicle is delivered to the dealer and customer on April 1, 2019.
Answers (1)
New Questions in Business
The Don't Tread on Me Tire Company had retained earnings at December 31, 2015 of $202,000. During 2016, the company had revenues of $402,000 and expenses of $351,000, and the company declared and paid dividends of $11,200.
Answers (1)
Which of the following refers to the acquisition of goods in one country and the selling of them to buyers in another country? a. Cartel b. Joint venture c. Trading company d. Outsourcing
Answers (1)
1. Of the 4 strategic approaches to international markets, which one (s) might be the best for a manufacturing company? a financial services company? or a company like Coke or Pepsi? Thoughts? 2.
Answers (1)
Masks Inc. is a cosmetics company that makes beauty products. It uses whale oil from dead whales only and does not kill whales to obtain blubber. A newspaper publishes a report stating that Masks Inc.
Answers (1)
Transfer payments are not included in gdp calculation because these are
Answers (1)
Home » Business » What are two different ways in which we usually express information about the demand for a good service or resource?
Sign Up Forgot Password?