Mdaulton6741 Mdaulton6741
  • 09-07-2021
  • Business
contestada

In a market, buyers want to pay the _____ possible price and sellers want to charge the _____ possible price.

Respuesta :

Priatouri Priatouri
  • 12-07-2021

Answer:

Lower; Higher

Explanation:

Lower; Higher

A consumer always wants to pay a lower price for the commodity in order to increase the consumer surplus. While the producer can increase their profit by charging higher prices. Therefore, the producer will try to charge a higher possible price.

Answer Link

Otras preguntas

Characteristics of linen Fabric
With the given chemical compounds, what is the balanced chemical equation when lit with fire?
this is my question please answer it
C-14 has a half life of 5730 years, an artifact gives 4 counts per minute on a detector, living matter gives a count of 32. What is the estimated age of the art
1. Read each sentence from Dr. King's "I Have a Dream" speech. Mark the elements that are parallel. Then, note what type of parallel structure is being used-wor
identify the challenges George Washington faced as the first president - please help
Dan’s new appliance arrived in a cardboard box in the shape of cube. What is the surface area of the cardboard box? A cube has side lengths of 3 feet. Use the f
Which statement describes the social division of Saint-Domingue before the Haitian Revolution?
Question 5 of 6 Use the guess and check method to solve this problem. Bunyan Farm sells 3 pound and 5 pound bags of onions. The Tuesday morning delivery consist
What inspires you as a student?