Period 2 Supply and Demand by John Vieira

J.T

2017-02-06 13:40:20 UTC

The role of consumers and producers are the consumers are the ones who set the demand and the ones who buy the goods and services provided by the producers.The producers would put a product out and the consumers would satisfy there needs and the producers would make a profit.Each role effects each other by if the demand is high the cost is high.....i think.

Determining Price

john_vieira — 2017-02-06 13:40:58 UTC

Explain the role of consumers and producers in determining the price of a product in a market economy. Think about how each role affects the decision of the other role.

G.R

2017-02-06 13:41:51 UTC

The role of consumers and producers in determining the price of a product are the main decision for businesses to look at. So first they will look at their sales, then that will determine what will we do next? So we either have more supply to get better income or we put more demand because our products are very popular. :)

K.M

morriskh — 2017-02-06 13:44:23 UTC

The producers job is to provide a good quality product is affordable enough. The consumers job is to provide capital for said products that is fair to both parties while getting a guarantee on the quality.

Jovan White

2017-02-06 13:50:24 UTC

The producers determine the price of the product if the product is too high the consumers will probably not buy their product but if the product is a reasonable price the consumers will buy their product.But if the demand is high for the product the price will rise.

Monetttt

2017-02-06 13:52:59 UTC

Consumers is people who want or need goods for a reasonable price and the Producers are supplying what the consumer is commanding for a price the want to profit from. With them both having different prices in mind for what the supply should be but if the demand is high the price is going to be high. If not a big demand than the lower the price would be for consumers with less product

xavi

2017-02-06 13:53:10 UTC

The role of the consumer in a market economy often gets lost in discussions about businesses, government, and unemployment

Jared Burgess

2017-02-06 13:53:15 UTC

Producers base the price of their products on the demand the consumers have on it. If the demand is high, the price goes up. If the demand is greater than the supply, the price will skyrocket. If the demand is low, the price will be at a low reasonable rate. Limited competition equals higher prices.

isaiah

2017-02-06 13:53:39 UTC

customers are those who demand the supply for either wants or needs to satisfy themselves the customer helps determine the price along with the producer when the customer demands a supply but there is only a certain amount the producer is most likely going to raise the price for the product.

S.G

2017-02-06 13:57:38 UTC

A consumer is a Person who buys and uses goods and services.  the consumers are the ones who set the demand and the ones who buy the goods and services provided by the producers

J.S

2017-02-06 13:57:52 UTC

E.G

2017-02-06 13:58:15 UTC

Supply is the quantity of good or service that business are willing and able to provide and Demand is quantity of a good or service that consumers are willing and able to buy.They have the role of the price of there things

b.a

2017-02-06 13:58:17 UTC

the role the consumers play is the more they want and there buy the bigger the producer is going to get and more they can get

B.G

2017-02-06 13:58:39 UTC

Producers have the role of determining the price of their product by seeing how good their product will be. When the consumers have a higher demand for the product then the price will go up. Consumers usually will buy stuff that has a lower price even if the quality of it isn't good .

S.N

2017-02-06 13:59:28 UTC

The producers determine their price high or low if it is low the consumer is most likely going to buy it but if the price is high the consumer is not going to buy it because the price is to high. The consumer doesn't want to buy something that is expensive they want to buy something the can afford.

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Marina Henault

2017-03-27 12:49:43 UTC

Consumers are a free enterprise economy that is made up of consumer spending, business investments and government purchases.
Producers are a the ones that provide goods and services to us even if those goods/services aren't that good.