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Levart [38]
2 years ago
6

the price of summer cabins. as summer​ approaches, the equilibrium price of rental cabins increases and the equilibrium quantity

of cabins rented increases.
Business
1 answer:
Roman55 [17]2 years ago
4 0

the price of summer cabins. as summer​ approaches, the equilibrium price of rental cabins increases, and the equilibrium quantity of cabins rented increases increase in demand.

When the price falls below the equilibrium price, the quantity demanded exceeds the quantity supplied, creating an excess demand (short supply) for the product. In other words, consumers want to buy more than producers are willing to sell. This mismatch between supply and demand drives up prices.

Price movements cause equilibrium movement along the supply curve. Such a movement is called a change in supply. Like changes in demand, changes in supply do not shift the supply curve. By definition, it is moved along the supply curve.

Learn more about equilibrium at

brainly.com/question/517289

#SPJ4

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For a normal good, if the price of a substitute good decreases then:
geniusboy [140]

Answer:

(B) the demand curve shifts leftward while the supply curve stays the same.

Explanation:

"Substitutes are goods where you can consume one in place of the other. The prices of complementary or substitute goods also shift the demand curve. When the price of a good that complements a good decreases, then the quantity demanded of one increases and the demand for the other increases. When the price of a substitute good decreases, the quantity demanded for that good increases, but the demand for the good that it is being substituted for decreases. "

Reference: Khan Academy. “Price of Related Products and Demand.” Khan Academy, Khan Academy, 2019

8 0
3 years ago
Identify whether each the following transactions is a primary market or a secondary market transaction: Jim Henry bought 500 sha
slamgirl [31]

Answer:

Jim Henry bought 500 shares of I.B.M. through a broker.

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Peggy White bought 500 shares of Apple from another investor.

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New York Life Insurance Co. bought 500,000 shares of Tioga Corp when the company issued the stock.

  • PRIMARY MARKET TRANSACTION

Primary market transactions that place when an investor purchases securities at the time the corporation or entity issued them, e.g. if you purchased Amazon's stocks at their IPO (or any other time new stocks were issued), it was a primary market transaction. But if you purchased Amazon's stocks at any other time, it is a secondary market transaction. Almost all the transactions carried out everyday are secondary market transactions.

5 0
3 years ago
Multiple Choice
pickupchik [31]

Answer:

inflation

Explanation:

7 0
3 years ago
One of the disadvantages of using electronic money is it is possible to lose track of one's budget.
pshichka [43]

the right answer is TRUE, i got it wrong for putting it as false

5 0
4 years ago
Which of the following represent typical account fees
irakobra [83]
The one that represent typical account fees are : minimum balance fees, service fees, and/or ATM fees. These are all common in personal finances.
Minimum balance fees is the the fees needed to make your account stays afloat, service fees is the fee that covers your operational service while ATM fees is the fees to maintain your ATM Card.
5 0
3 years ago
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