Answer:
shortage
Explanation:
Here are the options to this question :
there is a monopoly profit for suppliers.
shortage
price floor
lack of technological progress.
There is a shortage when demand for a good exceeds supply. The price at this point is below equilibrium price. As a result of the shortage, prices would rise until it reaches equilibrium price.
A price ceiling not a price floor is usually associated with an excess of demand over supply
Price ceiling is when the government or an agency of the government sets the maximum price for a product. It is binding when it is set below equilibrium price.
Answer:
A. Undue influence
Explanation:
Undue influence in law of contract is when a person uses his or her position of power to take advantage over another person. It is an act of influencing the other party in a contractual relationship. There must be a relationship between both parties before undue influence can take place.
In law of contract, if a person is a victim of undue influence, the person has the right to rescind the contract provided same can be proven in a court of law.
Example of undue influence is when a person is not given parts of properties due to him or her in a family's will, whereas he or she is entitled to it.
Answer:The answer is D the average price level
Explanation:
This is Quantity Equation of Exchange thus MV= PT
M stands for the total amount of money in circulation which consists of coins, banknotes,and bank deposits. V represents the velocity of circulation. The total amount of money used in a given period is therefore,represented by MV.on the other hand,P stands for the General price level..that is average of the prices of all types of goods and services.T represents total of all the transactions that have taken place with money during the given period.
The velocity of money circulation is the rate or numbers of times that money changes hand over a given period of time. It is therefore, the total amount of transactions that occur in an economy over a given period .This is so because MV= PT
Answer:
The accounts receivable turnover is computed by dividing <u>net sales by average net receivables.</u>
Explanation:
The accounts receivable turnover is used to quantify a company's effectiveness in collecting its receivables from its clients.
Accounts Receivable Turnover = Net Credit Sales / Average Accounts Receivable
A high receivables turnover ratio can indicate that a company’s collection of accounts receivable is efficient and a low receivables turnover ratio might be due to a company having a poor collection process.
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