--%>
Assignment Help - homework help

What happens in the product markets

What happens in the product markets?

E

Expert

Verified

a. Households are on the buying side of these markets, purchasing goods and services.

b. Businesses proposes products for sale are on the selling side of these markets

c. Interaction of these buyers and sellers determines the price of each product.

d. Flow of consumer expenditures constitutes sales receipts for businesses.

   Related Questions in Business Economics

  • Q : Problem on current production

    I have a problem in economics on current production possibilities frontier. Please help me in the following question. The combination of 70 units of clothing and 30 units of food are: (1) Completely employs the economy's capacity. (2) Would leave most

    		•
  • Q : Invisible hand Describe the meaning of

    Describe the meaning of the term “invisible hand.”

    		•
  • Q : Demand often exceeds supply and supply

    “In the corn market, demand often exceeds supply and supply sometimes exceeds demand.” “The price of corn rises and falls in response to changes in supply and demand.” Among these 2 statements used correctly which in the terms “supply&rdq

    		•
  • Q : Problem on prisoners dilemma game Lets

    Lets assume an infinitely repeated prisoner’s dilemma game by two players. The resulting payoffs at each phase by the actions of two players are illustrated below in the table (payoffs are symbolized like (payoff for player 1, payoff for player 2)). Two players

    		•
  • Q : What are economic resources What are

    What are economic resources? What are the major functions of the entrepreneur?

    		•
  • Q : The financial investor about bonds

    Describe three ways to finance corporate activity.  Make a case that stocks are more risky for the financial investor than are bonds?

    		•
  • Q : Guideline for monetary policy using

    Question: In using the Taylor Rule as a guideline for monetary policy, what are the pros and cons of using forecasted values of inflation and output rather than observed values of these variables? Answer: <

    		•
  • Q : What do you mean by Shuffling the Deck

    What do you mean by Shuffling the Deck?

    		•
  • Q : Describe four important areas to

    Describe four important areas to emphasize Expenditures?

    		•
  • Q : Productive capacity After the Spanish

    After the Spanish found the new world, they promptly began to plunder this. They imported huge amount of gold and silver to Spain. It inflow of bullion caused a rapid increase in inflation, that would have grave consequences for Spain. It is quick inflation made this

    		•