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kodGreya [7K]
1 year ago
7

Refer to the above diagram of the market for corn. If the price in this market is $2 per bushel, then there will be? (The graph

and answer choices are in the picture below)
a shortage of 8 thousand bushels.
a shortage of 4 thousand bushels.
a surplus of 12 thousand bushels.
a surplus of 8 thousand bushels.

Business
1 answer:
lord [1]1 year ago
6 0

Using the diagram of the market for corn. If the price in this market is $2 per bushel, then there will be option A: a shortage of 8 thousand bushels.

<h3>What is the issue of the quantity demanded about?</h3>

Based on the image attached,  12 thousand bushels are being wanted at this price of  $2 per bushel, while 4 thousand bushels are being delivered.

These figures are also shown in the image above. Now when you contrast the quantity given and sought at this pricing. The quantity supplied (12) lower than the quantity demanded (4). Or, to put it another way, the quantity that producers want to sell is lower than the quantity that customers want to purchase.

Therefore, Since Qd > Qs, we refer to this as an excess demand scenario or shortage.

Hence, 12 - 4 = 8

So there is a a shortage of 8 thousand bushels in quantity supplied.

Learn more about quantity demand from

brainly.com/question/1245771

#SPJ4

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The correct answer is D. Absolute cost differences regulate the immediate basis for trade
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3 years ago
The transactions of Spade Company appear below.
s2008m [1.1K]

Answer:

Entries are given

Explanation:

We will record assets and expenses on the debit as they increase during the year and will record liabilities and capital on the credit side as they increase during the year or vice versa.

                                            DEBIT           CREDIT

A. Kacy Spade, owner, invested cash in the company

Common stock                   14250

Cash                                                           14250

B. The company purchased office supplies

Office supplies                      413

Cash                                                              413

C.The company purchased office equipment on credit

Office equipment                 7880

Payables                                                      7880

D.The company received $1,681 in cash

Cash                                       1681

Fees earned                                                 1681

E. The company paid $7,880 cash to settle the payable

Payables                                7880

Cash                                                              7880

F. The company billed a customer $3,021 as fees

Receivable                              3021

fees earned                                                   3021

G. The company paid $520 cash for the monthly rent.

Rental expense                        520

Cash                                                               520

H. The company collected $1,269 cash as partial payment

Cash                                         1269

Receivables                                                    1269

I. The company paid a $1,000 cash dividend to the owner

Retained earnings                  1000

Cash                                                                 1000

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Answer:

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It is also termed as sustainable business, corporate citizenship etc.

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<h3>What is annual  rate interest ?</h3>

The price of borrowing money is reflected in the interest rate on a credit card. We utilize the annual percentage rate for this (APR). On the majority of credit cards, you can avoid paying interest on purchases if you pay your balance in full each month by the due date.

The term annual percentage rate of charge refers to the interest rate for an entire year rather than just a monthly fee or rate as applied on a loan, mortgage loan, credit card, etc. It can also be referred to as a nominal APR or an effective APR. It is an annual rate of a finance charge.

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