Help with microeconomics question

Jan 20th, 2015
DreamIt
Category:
Economics
Price: $5 USD

Question description

Every time you purchase a product or service, you evaluate whether the product or service is worth the price you have to pay. The price, though, can be a direct result of the supply available. Think about ATM machines and the fees associated with using your ATM card. What is the demand for using ATM cards? Are the fees reasonable? What would happen to the fees if supply declined? What would happen to the fees if supply increased? How willing are you to pay these fees for the luxury of close and convenient ATMs? 200 words no copying

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