0
The relationship between the price of a good or service and the quantity that consumers are willing to purchase is known as?
Wiki User
∙ 9y ago
Demand is the best answer
Wiki User
∙ 9y ago
Add your answer:
Earn +20 pts
What is a demand equation?
The demand equation refers to the mathematical expression of the relationship between the quantity demanded and price. The quantity that is demanded is usually denoted by letter Q while the function of the price is usually denoted by letter P.
What is the relationship between finance and retail?
-Finance in Retail goes hand in hand , The relationship is simple, one needs money to buy something, same is with retail. Without finance retail would not work . To retail any product you need to buy it in bulk this is where finance walks in ...Preet SinghFinance helps give the ability to consumers who otherwise may not be able to purchase products with currency from a retailer to purchase the products through financing institutions allowing the retailer to be paid in full.
Aggregate demand curve?
a graphed line showing the relationship between the aggregate quantity demanded and the average of all prices as measured by the implicit GDP price deflator.
Middlemen in marketing system?
The middlemen are intermediaries in the marketing system who complete the distribution channel between a producer and a consumer. They may be wholesalers, retailers, agents or brokers. They purchase products, store them, transport them and deliver them to consumers. They help in promotion of sales from producers to consumers.
What are Advantages and disadvantages of a business granting credit to consumers?
it develop a good relationship between customer and seller. also increased the sale's volume. than the profit margine of an organization increased...
Define the relationship between primary consumers and secondary consumers?
Between that of a Primate and a Scavanger
What is the relationship between two quantities in which the ratio of one quantity to the other quantity is constant?
A linear relationship
Why does a Demand curve for a normal good downward sloping?
I. An increase in the price of the good induces consumers to purchase substitute products. . II. An increase in the price of the good reduces consumer' purchasing power. III. Law of Demand- Inverse relationship between price and quantity
Is their inverse relationship between quantity and price?
Yes.
Difference between demand and supply of money?
The supply side deals with relationship between the price and the quantity. The demand side deals with the volumes that buyers are willing to purchase at various prices
What is the relationship between producers and consumers and in an ecosystem?
they have realation ship
When a rate of change varies from point to point the relationship is what?
it is a proportional relationship because a proportional relationship is known as a relationship between two quantities in which the ratio of one quantity to the other quantity is constant.
What is the relationship between producers and consumers in economics?
Producers make the goods and consumers buy and use the goods.
What is the relationship between two quantities in which one quantity depends on the other?
In that case, one quantity (the quantity that depends on the other) is said to be a function of the other quantity.
The relationship between quantity demanded and price is direct or inverse?
direct
Term for relationship between price and quantity supplied?
Demand Curve
What is a relationship between two quantities in which the ratio of one quantity to other quantity is constant?
It is called direct variation.
