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
Vlada [557]
2 years ago
8

When a shortage exists in a competitive market, the price provides incentives for:______.

Business
1 answer:
NISA [10]2 years ago
7 0

When a shortage exists in a competitive market, the price provides incentives for Buyers to decrease the quantity of a good or service purchased to the market.

More about shortage:

In terms of economics, a shortage occurs when there is a discrepancy between the amount supplied and the quantity sought at the going rate.

Three factors primarily contribute to shortages: rising demand, falling supply, and government action. The term "scarcity" ought not to be confused with "shortage" as it is used in economics.

Command economies experience higher shortages. Here, the government refuses to let the forces of supply and demand determine the price of a good or service on the open market.

Learn more about shortage here:

brainly.com/question/14592344

#SPJ4

You might be interested in
Which of the following best describes the difference between a convertible bond and a warrant? Convertible bonds give the invest
levacccp [35]

Answer: Statement A

Explanation: Convertible bonds is a type of bond security which gives its holder the right to convert each bond to a specified number of shares. These are hybrid securities having features of both equity and debt.

.

Warrants are securities that give their holder the right to purchase the common shares of the company at a specified price and before a certain time period.

.

Thus, from the above explanation we can conclude that statement A is correct.

4 0
3 years ago
Ana runs a small jewelry-making business from her home. She has no full-time employees, but she does pay her son (age 15) to hel
RoseWind [281]

Answer:

"1"

Explanation:

Fair labor standard acts is a business law implemented to immune workers from unfavorable work practices and regulations.

It covers the area of minimum wages , overtime payment and child labor.

As the standard work hours is 40hours , any clocked time in excess of 40 hours must be paid overtime at premium of 1.5 rate of the normal rate.This means that Ana's son should be paid overtime at a minimum rate of $7.5 for the extra 20hrs he worked.

The exception to the minimum age requirements under the child labor acts allows parents to employ their child of any age covers   Ana's employment of his child in his business

7 0
3 years ago
3:Leo's rent is due a few days before he expects to receive his paycheck from work. He takes out a
Lady_Fox [76]

Answer:

I think I think it will be 2:35 or 2:50

4 0
3 years ago
A firm currently employs four workers in a sandwich shop, and produces sandwiches at a total cost per sandwich (ATC) of $3. The
tatuchka [14]

Answer:

all are correct A, B and C

Explanation:

The marginal cost hiring another worker and producing a sandwich = $5.50 per sandwich, which is higher than the marginal revenue.

If the selling price per sandwich is $5 and the marginal cost per sandwich is $5.50, the firm will lose $0.50 for every sandwich that it sells.

Therefore the firm would be losing money is they hire an extra worker.

In order to maximize the profit, the marginal cost = selling price.

5 0
3 years ago
What are the different types of banking institutions
Otrada [13]

Central Banks, Retail Banks, Commercial Banks, Shadow Banks, Investment Banks, Cooperative Banks, Credit Unions.

5 0
3 years ago
Other questions:
  • Mcdougald Corporation is a service company that measures its output by the number of customers served. The company has provided
    9·1 answer
  • The maturity value of a $40,000, 9%, 40-day note receivable dated July 3 is A. $40,000B. $40,400C. $43,600D. $44,000
    15·1 answer
  • Which of the following activities should be expensed currently as R&D costs? (a) Testing in search for or evaluation of prod
    13·1 answer
  • Hey how do you earn money? If you even do.
    15·2 answers
  • "Macroeconomics is the part of economics concerned with individual units such as a person, a household, a firm, or an industry."
    14·2 answers
  • Identify two different forms of income that are taxable
    14·1 answer
  • Suppose that United States produces 10,000,000 barrels of oil and 1,000 bushels of wheat each week. Suppose that Pakistan produc
    10·2 answers
  • Why might the revenue and cost figures shown on a standard income statement not represent the actual cash inflows and outflows t
    8·1 answer
  • Five years from today, you plan to invest $2,500 for 7 additional years at 8.4 percent compounded annually. How much will you ha
    9·1 answer
  • Which reason for trade barriers is being used when the us refuses to trade with another country because they use child labor to
    13·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!