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vodomira [7]
2 years ago
6

14. Which is most likely to happen when the price for a good or service is

Business
1 answer:
sukhopar [10]2 years ago
3 0

When the price for a good or service is high then supply increases.

Price is the sum that the producer receives for each unit of an item or service that is sold. A rise in price nearly always results in a rise in the amount of that good or service supplied, whereas a fall in price results in a fall in the amount supplied.

The widespread consensus is that demand slopes downward because customers buy less when prices are greater. The price at which supply and demand are equal is represented by the intersection of the two curves as the market-clearing price.

When a good's price is higher than equilibrium, this indicates that there is more supply of the good than demand for it. The product is available in excess on the market.

To learn more about customers refer to:

brainly.com/question/13472502

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Also, national saving is the income of the nation that is left after paying for . Therefore, national saving (S) is defined as:
mestny [16]

National saving is the nation's income that is left after paying for current consumption and government purchases, that is S = Y-C-G.

What is national saving?

National saving (saving) is the portion of the economy's total income that is left over after paying for consumption and government expenditures. individual saving the amount of money that households have after paying for expenses like taxes and expenditures.

How does national savings affect our economic growth?

Larger investments resulting from stronger GDP growth would be produced by an increase in overall savings. The high savings rates have the effect of increasing capital and boosting the nation's economic growth.

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6 0
2 years ago
While showing a property to an unrepresented buyer, you owe the customer the duties of dealing honestly and fairly, accounting f
adelina 88 [10]

This is also known as the three duties towards the customer DAD Dealing with Honesty. Accounting for all funds and Disclosing the material facts to the buyer.

<h3>Who is a buyer?</h3>

A buyer is a customer who purchases the goods and or services of a company through which the company generates the revenue and earn profits. The buyer plays a key role in the development and running of a company.

The buyer should be allowed to have all the information about the product or service it is going to purchase, the buyer should be informed about the market rates and the demand of the goods as this is a material fact about the product.

Therefore it is a duty that a seller owes to the buyer to deal with honesty that is not charging high price if they are unaware of the price of the product.

Learn more about Buyer at brainly.com/question/27282505

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7 0
2 years ago
It is important to find a hotel that has a five star rating to base the training off of. what aspect of service quality would th
kramer

The aspect of service quality would be the objective measure of goodness.

<h3><u>What is service?</u></h3>
  • In contrast to products, which we can physically touch or handle, services are the non-physical, intangible components of our economy.
  • The majority of the economies of the wealthy countries are based on services like banking, education, healthcare, and transportation.
  • They also represent the bulk of the economies of the developing countries.
  • There is no transfer of ownership when a business offers a service and the client pays for it. We are unable to ship or store a service.
  • They are only present as long as the customer is consuming them and the provider is supplying them.

For instance, getting a haircut is a service that cannot be stored or transported.

Know more about service with the help of the given link:

brainly.com/question/12505990

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8 0
2 years ago
Bill just financed a used car through his credit union. His loan requires payments of $275 a month for five years. Assuming that
Fittoniya [83]

Answer:

A. amortized

Explanation:

3 0
3 years ago
Sixty-second Avenue Inc. expects to earn $5,700,000 this year. The company currently has 790,000 shares outstanding, and the sha
11111nata11111 [884]

Answer:

The company's expected market price per share After the repurchase would $23.68

Explanation:

In order to calculate the company's expected market price per share After the repurchase we would have to calculate first the Price-to-earnings ratio ( P/E ratio ) as follows:

Price-to-earnings ratio ( P/E ratio )= Market price per share / Earnings per share

Earnings per share = Earnings/ number of shares outstanding =$ 5,700,000 / $790,000 = $ 7.21

Therefore, Price -to-earnings ratio = $ 21 / $ 7.21 = 2.91

If 90,000 shares are repurchased, Therefore Earnings per share =$ 5,700,000 / $700,000 = $ 8.14

Therefore, the company's expected market price per share After the repurchase=$ 8.14 x 2.91 = $23.68

7 0
3 years ago
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