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Xelga [282]
1 year ago
7

Please help How does supply and demand effect the price of an item?

Business
1 answer:
Sonbull [250]1 year ago
8 0

Answer:

It's a fundamental economic principle that when supply exceeds demand for a good or service, prices fall. When demand exceeds supply, prices tend to rise. There is an inverse relationship between the supply and prices of goods and services when demand is unchanged.

Explanation:

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A binding minimum wage will increase the income of Question 7 options: A. all workers. B. potential workers seeking employment.
katovenus [111]

Answer:

D. only those workers in jobs that would normally pay more than minimum wage.

Explanation:

A minimum wage is a price floor implemented by the government, which ensures that an employer must pay a minimum rate of pay to an employee, and anything lower than this rate of pay is illegal. “A minimum wage is binding if it is set above the equilibrium wage.

5 0
3 years ago
Read 2 more answers
Dynatech issues 1,000 shares of $10 par value common stock at $12 per share. When the transaction is recorded, which accounts ar
morpeh [17]

Answer:

Common Stock $10,000 and Paid-in Capital in Excess of Par Value $2,000

Explanation:

The journal entry to record the issuance of common stock is presented below:

Cash A/c Dr $12,000         (1,000 shares × $12)

    To Common Stock $10,000        ($1,000-× $10)

    To  Additional Paid-in Capital in excess of par - Common Stock $2,000

(Being the issuance of stock is reported and the remaining balance i.e $2,000 is credited to the additional paid-in capital account)

While issuing the stock, we debited the cash account as there is a cash inflow and credited the common stock and additional paid-in capital account as the share is issued which affect the stockholder equity

7 0
3 years ago
Copland submitted a piece for radio broadcast on cbs radio. it eventually became titled:
Dima020 [189]
The answer is that it eventually became titled as Prairie Journal.
CBS Radio stands for Columbia Broadcasting System radio and within CBS Corporation it is one of the oldest units. <span>The company was founded in 1972  that would become CBS Radio and it was founded as </span>Infinity Broadcasting Corporation.
3 0
3 years ago
The demand for loanable funds depends on future income.<br><br> a. True<br> b. False
aliina [53]

Answer:

The answer is "Option b".

Explanation:

The Loanable funds are the amount of all the assets that individuals and companies have agreed to save and lend to creditors instead of for personal use, as an investment.

The earnings are also the foundation for supplying loanable funds. That request for credit funds is focused on lending. This relationship among saving provision and loan request decides its real rate as well as the sum of loans.

6 0
3 years ago
What is stock? Explain in your own words.
Roman55 [17]

Answer:Definition: What are stocks? Stocks are securities that represent an ownership share in a company. For companies, issuing stock is a way to raise money to grow and invest in their business. ... When you own stock in a company, you are called a shareholder because you share in the company's profits.

Explanation:

4 0
2 years ago
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