1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
atroni [7]
3 years ago
5

If, at the current price, there is a shortage of a good, thena. sellers are producing more than buyers wish to buy.b. the market

must be in equilibrium.c. the price is below the equilibrium price.and. quantity demanded equals quantity supplied.
Business
1 answer:
sdas [7]3 years ago
7 0

Answer:

C. the price is below the equilibrium price

Explanation:

Remember, in the law of demand and supply the quantity supplied is dependent on the value of the price of a good.

In this case the price is below the equilibrium price; meaning demand would be higher than the supply which results in the shortage of the good and the company therefore raises the price of the good.

For example, the price of oranges decrease in the equilibrium price (from $10 to $5), resulting in an increase in the demand for oranges.

The increase in demand would lead to shortage, making farmers increase price wanting to supply more.

You might be interested in
Which of the following is a valid interpretation of Say's law?
andrew-mc [135]
E. A given amount of supply creates an equal value of demand somewhere in the economy
5 0
3 years ago
What is the most likely reason why the author includes realistic elements in his description of the watchdog?
Advocard [28]

Answer: C. to help the reader to imagine him.

Explanation: I did the test.

4 0
3 years ago
True or False? If you have already submitted a resume with references, you do NOT need to bring copies of your resume or referen
fgiga [73]
Your answer would be true hope this helps
3 0
3 years ago
Read 2 more answers
When thinking about implementation issues as discussed here, we can draw a parallel to the example from the text about Walmart e
Firdavs [7]
Try E or D I am not sure
4 0
3 years ago
The aggregate demand curve shows the graphical relationship between the aggregate price level and the A. supply available. B. ma
Andrews [41]
The answer is c. ok ok ok ok


7 0
3 years ago
Read 2 more answers
Other questions:
  • When Shondra shops at the warehouse club, she buys paper towels and tissues in bulk. What type of packaging do these products co
    15·1 answer
  • Net income for the year was $161,511. The beginning net position balances are net investment in capital assets, $585,400; restri
    11·1 answer
  • Games like "dungeons and dragons," which involve active use of the imagination, have been popular among adolescents for some tim
    10·1 answer
  • A firm expects to increase its annual dividend by 20 percent per year for the next two years and by 15 percent per year for the
    9·1 answer
  • When the sponsor-investigator holds the IND for an investigational drug he or she is responsible for annual reporting of which o
    6·2 answers
  • In a limited partnership, the general partners should encourage the limited partners to take a more active role in the operation
    8·1 answer
  • The assets, liabilities, and equity account of a business, which are interrelated and interact with each other, represent:______
    5·1 answer
  • A change in tastes or fashions can impact..
    14·1 answer
  • Assume Peanut Butter and Jelly are two complement products. For both markets explain what happens for an increase in the Supply
    5·1 answer
  • What buffer system have you formed in the container? Give the formulas of the conjugate acid-base pair that comprise the buffer
    10·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!