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
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

You might be interested in
When the market does not result in an efficient allocation of scarce resources, economists call this:
Westkost [7]

Answer:

C

Explanation:

it's called market dropout

6 0
3 years ago
What are the three conditions for a market to be perfectly​ competitive? for a market to be perfectly​ competitive, there must b
den301095 [7]
The three conditions that must exist in order for a market to be perfectly competitive include: 1. a large number of vendors and customers (buyers and sellers), 2. the vendors must be selling identical products and finally, 3. new vendors must be able to freely enter the market.
7 0
3 years ago
What were working conditions like before the labor movement?
Ivan
Im not sure, sorry, I wish I could help
8 0
3 years ago
A $200,000 loan amortized over 12 years at an interest rate of 10% per year requires payments of $21,215.85 to completely remove
lesya [120]

Answer:

loan balance after 12 years = $185409.8

Explanation:

Loan principal = $200000

interest = 10% of principal

amount paid yearly  = $21215.85

For 1st year

principal for the first year = $200000

required interest to be paid = 10% of 200000 = $20000

amount paid = $21215.85

Loan Balance after first year = (principal for first year) - (amount paid - 10% of principal ) = $198,784.15

For 2nd year

principal for the 2nd year = Loan balance after first year = $198,784.15

loan balance after 2nd year = 198784.15 - ( 21215.85 - 10% of 198784.15)

= $197568.30

same applies for the different years until the 12th year

using this formula :

Loan Balance after Nth year = [ Loan balance after (n-1) year - ( amount paid - 10% of loan balance after (n-1) year ) ]

6 0
3 years ago
In order for Kanye West to perform on the new Arcade Fire album, he must first have what detailed clause in the contract between
zimovet [89]

Answer:

He must have a skratta du flörlar du in his album cover

Explanation:

You laugh, you lose

4 0
3 years ago
Read 2 more answers
Other questions:
  • Parkette, Inc., acquired a 60 percent interest in Skybox Company several years ago. During 2017, Skybox sold inventory costing $
    12·1 answer
  • Which of the following generate the type of externality previously described? (Negative Externality)
    11·1 answer
  • When describing business intelligence to a group of nurse managers, which definition would the nursing informatics specialist in
    15·1 answer
  • The Ladders is a career search site specializing in high income ($80k+) job placement. Their headline, "Your career is our job,"
    7·1 answer
  • Sergey is lagging behind his proposed research schedule. Desperate to demonstrate that he is making good use of federal grant mo
    6·1 answer
  • What are some facts about fishing? ​
    15·2 answers
  • You purchased XYZ stock at $50 per share. The stock is currently selling at $80. You expect the stock price to go up, but not 10
    11·1 answer
  • You obtain the following estimates for an AR(2) model of some returns data
    5·1 answer
  • within just a few years of its inception, uber was operating in more than 35 countries around the world. by moving into new mark
    14·1 answer
  • If an organization implemented only one policy, which one would it want to implement?
    9·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!