When the price is above the equilibrium price

fewer people are willing to buy

individual's need or desire for a product at a set price

Supply and demand graphs do everything below EXCEPT?

How many employees you need to have

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Supply & Demand

13 termsStudBud Administration347 plays

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Questions 13

Answers

1
the Profit motive
encourages people to enter the marketplace
encourages people to stay in the market place
encourages people to leave the market place
is motive for consumers to make a profit
2
Supply is ?
Anindividual’s need or desire for a something at a price
the excess quantity of a product you have
The amount of a product you have to have to make money
How much of something aproducer is willing to make
3
what happens when prices are high?
demand falls
demand raises
equilibrium point is met
demand stays the same
4
The point at which the supply and demand curve meet is known as?
break-even point
equilibrium price and quantity
Stabilizing point
Peak Performance Point
5
More supply causes the price of an item to
Don't Know
Stay the same
Increase
Decrease
6
In a free marker who sees the demand of a product and makes more
Entrepreneur
Government
Anyone
Consumer
7
In a Free Market who determines the demand of a product?
Producer
Entrepreneur
Consumer
Government
8
When the price is below the equilibrium price
there is no change in the amount of buyers
fewer people are willing to buy
no one is willing to buy
many people are willing to buy
9
When the price is above the equilibrium price
the majority of people are willing to buy
fewer people are willing to buy
no one is willing to buy
more people are willing to buy
10
What dictates what products are developed , made, improved or modified?
quanty
demand
Equilibrium
price
11
Demand is ?
what consumers require
an individual need or desire for a product at any price
how much of something a producer can make
individual's need or desire for a product at a set price
12
what happens when the price is low?
demand falls
demand rises
demand stays the same
equilibrium is met
13
Supply and demand graphs do everything below EXCEPT?
Predicts the performance of a product over time
shows the relationship between supply & demand
Shows a visual representation of supply & Demand
How many employees you need to have

Supply & Demand Flashcards | StudBud

Supply & Demand

13 termsStudBud Administration347 plays

Imported from external platform

Flashcards13 cardsFPractice quizPHost liveL

Questions 13

Answers

1
the Profit motive
encourages people to enter the marketplace
encourages people to stay in the market place
encourages people to leave the market place
is motive for consumers to make a profit
2
Supply is ?
Anindividual’s need or desire for a something at a price
the excess quantity of a product you have
The amount of a product you have to have to make money
How much of something aproducer is willing to make
3
what happens when prices are high?
demand falls
demand raises
equilibrium point is met
demand stays the same
4
The point at which the supply and demand curve meet is known as?
break-even point
equilibrium price and quantity
Stabilizing point
Peak Performance Point
5
More supply causes the price of an item to
Don't Know
Stay the same
Increase
Decrease
6
In a free marker who sees the demand of a product and makes more
Entrepreneur
Government
Anyone
Consumer
7
In a Free Market who determines the demand of a product?
Producer
Entrepreneur
Consumer
Government
8
When the price is below the equilibrium price
there is no change in the amount of buyers
fewer people are willing to buy
no one is willing to buy
many people are willing to buy
9
When the price is above the equilibrium price
the majority of people are willing to buy
fewer people are willing to buy
no one is willing to buy
more people are willing to buy
10
What dictates what products are developed , made, improved or modified?
quanty
demand
Equilibrium
price
11
Demand is ?
what consumers require
an individual need or desire for a product at any price
how much of something a producer can make
individual's need or desire for a product at a set price
12
what happens when the price is low?
demand falls
demand rises
demand stays the same
equilibrium is met
13
Supply and demand graphs do everything below EXCEPT?
Predicts the performance of a product over time
shows the relationship between supply & demand
Shows a visual representation of supply & Demand
How many employees you need to have