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Basile [38]
3 years ago
8

The price of a good will tend to fall when a. there is excess demand for the good. b. there is excess supply of the good. c. dem

and for the good increases. d. the supply of the good decreases.
Business
1 answer:
Feliz [49]3 years ago
6 0

Answer:

B. There is Excess Supply of the good.

Explanation:

Excess Supply of good means that the Supply is more than the demand.

This abundance of the good creates competition among sellers, who reduce the price to sell their product.

Practical example to this case can be : Low price of a good in a market where lots of competitive sellers exist, High price of a good in a market where less competitive sellers exist.

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Record the following transactions for Red Wood Trails in a general journal.
Serggg [28]

Answer:

Date         Account, title and description                 debit              credit

June 3      Merchandise inventory                           3,985

                Accounts payable                                                           3,985

                Merchandise purchased on account

                from JVC Co.

June 9      Merchandise inventory                           2,300

                Accounts payable                                                           2,300

                Merchandise purchased on account

                from Prime Target, terms 2/10, n/30

June 12    Store supplies                                          675

                Accounts payable                                                           675

                Merchandise purchased on account

                from Craft Shop

June 13    Accounts payable                                    3,985

                Cash                                                                                3,985

                Paid for June 3 purchase of

                merchandise from JVC Co.

June 19    Accounts payable                                    2,300

                Cash                                                                                2,254

                Purchase discounts                                                        46

                Paid for June 9 purchase of

                merchandise from Prime Target and

                obtained a 2% discount

3 0
3 years ago
If the consumer price index falls from 120 in 2010 to 116 in 2012, the economy has experienced?
fredd [130]

If the consumer price index falls from 120 in 2010 to 116 in 2012, the economy has experienced deflation of 3.33 percent.

Price index, a measure of relative charge adjustments, such as a sequence of numbers organized in order that contrast between the values for any durations or places will show the common exchange in costs among durations or the common distinction in charges between places.

The price index commonly picks a base year and makes that index value identical to a hundred. every different 12 months is expressed as a percentage of that base yr. In this example, allow 2000 to be the base yr: 2000: unique index price became $2.50; $2.50/$2.50 = one hundred%, so the new index price is a hundred.

In most international locations charge indexes are used to measure inflation, every focusing on the charges of a collection of goods and services critical to a selected segment of the financial system.

Learn more about the price index brainly.com/question/1889164

#SPJ4

7 0
2 years ago
Businesses collect
Neporo4naja [7]
Businesses collect demographic information on where people live, what they buy, and how they spend their time. Businesses collect demographic information on where people live, what they buy, and how they spend their time.
8 0
3 years ago
Which of the following is an indicator of how much output the average person would get if all output were divided up evenly amon
Effectus [21]

Answer:

C. per capita  GDP

Explanation:

Per capita income is the average income earned per person in a country during a specified period of time . It is the measure of a country's Gross domestic products against its total population.

Per capita GDP is a measure of a country's economic output that accounts for its number of people. It divides the country's gross domestic product by its total population.  it a good measurement of a country's standard of living. It tells you how prosperous a country feels to each of its citizens.

It is calculated by dividing the total GDP of a country by its population

therefore going by the question and the explanation given the best possible answer is C. Per capita GDP

5 0
3 years ago
David owns a footwear chain. His stores attract many customers because they sell various footwear brands. Thus, David has entere
Sergeu [11.5K]

Answer:

B.  trademark franchise

Explanation:

-Business format franchise is when the franchisee gets a business with the name and trademark of the franchisor and has to follow the guidelines established, for example, a restaurant's franchise.

-Trademark franchise is when the franchisee gets the permission to distribute the product but uses its business format.

-Manufacturing franchise involves the permission to produce a product to sell it to the customer or retailers.

-Management franchise requires that the owner supervises the operations but he/she doesn't have to be in the daily activities. The franchisee should be someone with management experience to handle the business successfully.

According to this, the answer is that the franchise model that David's business follow is trademark franchise because he gets the manufacturers permission to sell their products on his own footwear chain.

4 0
3 years ago
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