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
Komok [63]
1 year ago
14

When the supply of a commodity decreases while demand remains the same price tends to:_____.

Business
1 answer:
postnew [5]1 year ago
3 0

When the supply of a commodity decreases while demand remains same then the same price tends to increase.

Given that the supply of a commodity decreases while the demand remains same.

We are required to find the effect of decrease of supply on the price of the commodity if the demand remains same.

Supply is the amount of good that the producer manufactures and sends to the market.

Demand is the amount of good that the consumer wants to consume.

When the supply of a commodity decreases,the supply will shift leftwards. The demand remains same then from the graph we can find that the price of the commodity increases from P to P1.

Hence when the supply of a commodity decreases while demand remains same then the same price tends to increase.

Learn more about supply at brainly.com/question/25843620

#SPJ4

You might be interested in
Beginning inventory was $50,000. Inventory purchased during the year cost $75,000. Inventory on hand at year-end was $40,000. Co
marusya05 [52]

Answer:

The Cost of Goods Sold or COGS for the period was $85000

Explanation:

The cost of goods sold is the value or cost of inventory that has been sold off during the period. The Cost of Goods Sold of COGS can be calculated as follows,

COGS = Opening Inventory  +  Purchases  -  Closing Inventory

COGS = 50000  +  75000  -  40000

COGS = $85000

So, the Cost of Goods Sold or COGS for the period was $85000

5 0
3 years ago
Which clause protects proceeds from creditors of the beneficiary?
Inga [223]
The answer is spendthrift clause. It is a trust that is produced for the benefit of a person that gives an independent trustee full authority to make decisions as to how the trust funds may be spent for the benefit of the beneficiary. Creditors of the beneficiary usually cannot reach the money in the trust, and the funds are not actually under the control of the beneficiary. Also,  it prevents the beneficiary's reckless spending of benefits.
8 0
2 years ago
T. Hillcrest Co. sold $500 of merchandise on a bank credit card with a 5% fee. The entry to record this sales transaction would
Rufina [12.5K]

Answer:

Cash for $475 and Credit Card Expense for $25

Explanation:

Cash for $475 and Credit Card Expense for $25

8 0
2 years ago
One reason that the quantity demanded of a good increases when its price falls is that the:
Brums [2.3K]
<span>Lower price increases the real incomes of buyers, enabling them to purchase more.</span>
4 0
3 years ago
In negotiations the ________ task involves how the benefits of the relationship will be allocated between the parties. distribut
Brut [27]

Answer:

The correct answer to the given question is option A) distributive task.

Explanation:

When the negotiations are under way , the task which is performed to determine how the benefits of the relationship from the negotiation would be distributed among the parties involved in the negotiation is Distributive task.

So the correct option is A .

3 0
2 years ago
Other questions:
  • Which of the following is a primary cause of LO/TO accidents?
    10·2 answers
  • A company bought a piece of land. It can use this resource to build a factory or to plant crops. The company can also hold onto
    11·1 answer
  • The periodic expensing of an asset over the property's theoretical economic life is referred to as what
    8·1 answer
  • direct materials $34, direct labor $27, variable manufacturing overhead $15, fixed manufacturing overhead $43, variable selling
    11·1 answer
  • What is a partial refund of the purchase price of an item? A. Pretext B. Sale C. Rebate D. Phishing
    12·1 answer
  • For each of the following parts of the definition of auditing, state which part of the precedingnarrative fits the definition:a.
    6·1 answer
  • I really need help with question 4 Please help
    6·1 answer
  • Which of these statements is true?
    15·1 answer
  • The article entitled​ "My Drug​ Probem" best reflects the economic idea that A. ​Pharmac, like private drug​ companies, attempt
    6·1 answer
  • 1. The people, procedures, hardware, software, data, and knowledge needed to develop computer systems and machines that can simu
    5·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!