When demand for a service

  1. What explains why businesses produce a good or a service? (1 point)• The good or service is in demand. • The good or service
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  2. As the price of a good or service increases, consumers will purchase a lower quantity of that good or service. This is
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  3. Which of the following is a benefit of knowing your target market? (Choose all that apply) Responses You can better judge the
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  4. describes the relationship betweenprices and demand. According to this law, higher prices encourage buyers to look for a
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  5. Which of the following are considered benefits of knowing your target market?Responses You can more accurately judge the demand
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  6. Which of the following are considered benefits of knowing your target market?Responses You can more accurately judge the demand
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  7. 1. what is supply in the free marketa the amount of a good or service b the benefits of a good or service **** c the demand of a
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  8. What is supply in the free market?• the amount of a good or service • the benefits of a good or service • the demand for a
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  9. For a given market, the equilibrium quantity of the good or service will decrease if _____.(1 point)Responses demand increases
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  10. For a given market, the equilibrium quantity of the good or service will decrease if _____.(1 point)Responses demand decreases
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