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
Serhud [2]
4 years ago
10

At $5 a bushel, there is an excess supply of wheat. Is this price above or below the equilibrium price?

Business
1 answer:
DiKsa [7]4 years ago
5 0
It is a price floor above the equilibrium price.The price is too high so that the suppliers will produce more than the consumption.
You might be interested in
The bargaining leverage of suppliers is greater when: Select one: a. Only a small number of suppliers exist and when it is diffi
Alchen [17]

Answer:

The correct answer is letter "A": Only a small number of suppliers exist and when it is difficult for industry members to switch to attractive substitutes.

Explanation:

Porter's Five Forces is a study scheme named after Harvard Professor Michael E. Porter (born 1947). It helps managers assess competition within the industry.

  • <em>The first force analyzes the ease of marketplace entry for new participants.   </em>
  • <em>The second factor measures the number and operation of a company's rivals. </em>
  • <em>The third element is the likelihood of a new good or service entering the market that will diminish the sales of existing goods. </em>
  • <em>The four-factor is that industry suppliers have negotiating power. </em>
  • <em>The fifth factor is the bargaining power of customers. </em>

<em>When the suppliers' bargaining power is higher, there are possibly a few of them in the market. The situation gets worse for manufacturers when switching from one supplier to another represents higher costs or when making the change to substitutes carries a high cost as well.</em>

4 0
3 years ago
When a bank evaluates a person for a loan, what does the word "capacity" refer to? Question options: A) The ability to make paym
bija089 [108]
I believe the correct answer would be A) The ability to make payments on time.
4 0
3 years ago
On July 1 the FISHER Shoe Store paid 15,000 to Acme Realty for 6 months rent beginning July 1. Prepaid Rent was debited for the
spin [16.1K]

Answer and Explanation:

The adjusting entry is as followS:

Rent expense $2,500

      To Prepaid rent $2,500

(Being rent expense is recorded)

Here the rent expense is debited as it increased the expenses and credited the prepaid rent as it decreased the assets

The rent for one month is

= $15,000 ÷ 6 months × 1 month

= $2,500

7 0
3 years ago
Apply concepts what would be the variables on a supply schedule alike and different
uysha [10]

it would be a to d, c to b, d to e

8 0
4 years ago
In a unionized firm, the _____ clause of the collective bargaining agreement typically retains for management the authority to i
solmaris [256]
The answer is:  "management rights" .
_________________________________________________________
          "In a unionized firm, the <u>  management rights  </u> clause of <span>the collective bargaining agreement typically retains for management the authority to impose reasonable rules for workplace conduct and to discipline employees for just cause."
_________________________________________________________</span>
5 0
3 years ago
Other questions:
  • Four grams of musk oil are required for each bottle of mink caress, a very popular perfume made by a small company in western si
    12·1 answer
  • Job-order costing would be more likely to be used than process costing in situations where many different products or services a
    13·1 answer
  • 1. Define stake holder<br>2. Explain internal and external stakeholder.​
    15·2 answers
  • ofia files a suit against turista airlines, inc. turista responds that it appears from the pleadings that the parties do not dis
    9·1 answer
  • The market for diamond rings is closely linked to the market for high-quality diamonds. If a large quantity of high-quality diam
    15·1 answer
  • Assume a purely competitive, increasing-cost industry is in long-run equilibrium. If a decline in demand occurs, firms will:leav
    5·1 answer
  • According to the Marketing Concept, a. Companies produce only what customers want. b. A company should produce only basic produc
    9·1 answer
  • Consider the following 4 bonds A B C D:(a) What is the percentage change in the price of each bond if its yields to maturity fal
    14·1 answer
  • Moss exchanges a warehouse for a building he will use as an office building. The adjusted basis of the warehouse is $600,000 and
    7·1 answer
  • Rosu Company has total current assets of $120,000 and total current liabilities of $50,000. What is the amount of working capita
    13·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!