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andrezito [222]
1 year ago
12

if there is an increase in the demand for a good, what will happen to the equilibrium price and quantity of the good exchanged?

quizlet
Business
1 answer:
lesya692 [45]1 year ago
8 0

The correct option is B -  "Increase Increase"

What is equilibrium price?

A market-clearing price, often referred to as an equilibrium price, is the consumer cost associated with a good or service when supply and demand are equal or nearly equal.

What is  quantity of the good exchanged?

The quantity theory of money is expressed mathematically in the equation of exchange. The equation, in its simplest form, states that nominal spending equals nominal income or that the total quantity of money that moves about in an economy equals the total money value of the things that move around.

Question :

If there is an increase in demand for a good, what will most likely happen to the price and quantity of the good exchanged?

Price Quantity

A. No change No change

B. Increase Increase

C. Increase Decrease

D. Decrease Increase

E. Decrease

To learn more about equilibrium price click on the link below:

brainly.com/question/17193674

#SPJ4

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What report lists each vendor, the balance due to each vendor, and the total amount due to each vendors?
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Answer: D. schedule of accounts payable

Explanation: The schedule of accounts payable is a list of all vendors which includes their names, amount payable and due date.

It is also a schedule detailed from the account payable ledger.

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2 years ago
A farmer and a meatpacker use the commodity markets to reduce their risk. One agrees to buy live cattle in the future at a fixed
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Answer:

A farmer is the one that owns the cattle and is ready to sell it on the market demand, while the meatpacker is the one who buys the product and sells it in different parts to the end consumers.

Since they both are using the commodity market to reduce the risk, the farmer will be the one who agrees to sell the cattle in the future at a fixed rate, while the meatpacker will be the one who agrees to buy the cattle in the future at a specified price fixed by him.

Hope this helps. ThankYou.

3 0
3 years ago
Pet care salons, skin clinics, and day care centers are all examples of businesses operating in the?
Elodia [21]

Pet care salons, skin clinics, and day care centers are all examples of businesses operating in the <u>service industry</u>.

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The industries based on service are an important part of society for a variety of reasons, including- delivering essential services to the public. Pet care salons, skin clinics, and day care centers are all examples of businesses operating in the service industry. These services too generate income.

Hence, service industry play an important role in society.

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6 0
2 years ago
John Maynard Keynes believed that wages may be inflexible in the downward direction. Consequently, an economy Question 3 options
Nuetrik [128]

Answer:

An economy could get stuck in a recessionary gap

Explanation:

Keynes believed that wages may be inflexible in the downward direction and which would consequently cause an economy to get stuck in the recessionary gap. The recessionary gap happens when a country's real GDP is lower than it's gross domestic product at a state of full employment. It shows the difference between the actual and potential production in an economy. But with the actual being smaller or lower than the potential production.

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Which of the following is an example of trade barriers imposed by Japan? Multiple Choice U.S. basTo comprehend why a society thi
lana [24]

The correct option is E). All of these choices are correct.

<h3>What trade barriers were imposed by Japan?</h3>

Along with the tariff barriers, Japan also have some non-tariff barriers that may impact commercial activity of foreign products into Japan.

Japan prohibited the imports of narcotics, firearms, explosives, and products that violate intellectual property laws.

Japan's tariff system offers lower and duty-free rates to those products which has been imported from developing countries.

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