All categories

2 years ago

Which explains why the price indicated by p2 on the graph is lower than the equilibrium price?

Business

1 answer:

Vsevolod [243]2 years ago

6 0

According to economic principles, as prices fall, quantity demanded goes up.

What is equilibrium price?

The market price at which the amount of goods supplied and the amount of goods sought are equal is referred to as the "equilibrium price."

The demand and supply model's reasoning is straightforward. For instance, when sugar prices are lower, the market's demand is automatically increased.

Excess demand is depicted in the graph. The price is less than the equilibrium price, as shown by p2 on the graph, since as the price decreases, the quantity demanded increases.

As a result, option (a) As prices fall, quantity demanded goes up is correct.

Learn more about on equilibrium price, here:

brainly.com/question/13458865

#SPJ1

You might be interested in

The capitalized cost of land excludes:

svet-max [94.6K]

Answer:

(D) Property taxes for the first year owned.

Explanation:

Capitalized cost is an added expense of a fixed asset. This is not the price paid for an asset but an additional expense incurred overtime in the form of depreciation or amortization. Excluded in this cost is the property taxes for the first year owned. It is included in the cost basis of the asset.

4 0

4 years ago

Why does Scrum prevent Product Owners from changing Product Backlog items that are being worked on during the Sprint?

Minchanka [31]

Answer:

Option C: The team cannot meet their Sprint commitment to complete work if requirements are changing

Explanation:

In a company, product backlog grooming covers is the process of adding details, estimates, and orders the items in the product backlog. It is an ongoing process. It involves product owner and the development team collaborating on the details of product backlog.

Changing a project or work suddenly or not has an effect on work/production and its efficiency. Changing the product backlog may lead to workers starting the work all over again and which can be stressful, time consuming and affect efficiency of production.

3 0

3 years ago

research and describe an organization that you believe has been highly innovative ( excluding apple). which of the four types of

AleksandrR [38]

Answer:

The innovative Uber Company.

Explanation:

This company used disruptive innovation to disrupt the taxi industry after they started off as a ride sharing platform in 2010/2011. From humble beginnings, just after a few years after lunch, this company has over 110 million users worldwide.

However, over the years Uber has also used radical innovation to diversify into other services such as Uber Food– for deliveries etc.

Note that disruptive innovation is marked by creating a change from the status quo; which may invariably affect the normal trend– in this case commercial taxi cab.

8 0

3 years ago

Homer is considering a project with cash inflows of $950 a year for Years 1 to 4, respectively. The project has a required disco

Sholpan [36]

Answer:

2.68 years

Explanation:

The discounted payback period measures how long it takes for the amount invested in a project to be recovered from the discounted cumulative cash flows.

Explanations on how the payback period is calculated can be found in the attached image.

I hope my answer helps you

5 0

3 years ago

A market-sharing pact negotiated by trading partners that results in voluntary quotas applied to exports in order to protect the

Gnesinka [82]

The market-sharing pact or agreement negotiated by trading partners that give rise to voluntary quotas of exports aimed at protecting the importing country's domestic firms is called a <u>voluntary export restraint (VER)</u>.

<h3>What is voluntary export restraint (VER)?</h3>

Voluntary export restraints (VER) are export arrangements between exporting and importing countries so that the exporter agrees to limit the number of some exports.

VER allows the importing country's domestic firms to survive export dumping. It is the opposite of voluntary import expansions (VIE). VIE, which is a part of international trade agreements, allows for more imports by lowering tariffs or dropping quotas.

Thus, the market-sharing pact negotiated by trading partners allowing for voluntary quotas on exports is called <u>voluntary export restraint (VER)</u>.

Learn more about international trade agreements at brainly.com/question/1465144

6 0

3 years ago