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4 years ago

Which best describes the equilibrium price in the relationship between supply and demand?

1 answer:

7 0

Answer: d. Dave said, "man, there are so many laptops out there they don't know what to do with them! They're a dime a dozen now."

In economics, the equilibrium price in the relationship between supply and demand is that price where the quantity of goods supplied equals the quantity of goods demanded.

When the supply of a product increases, all else remaining the same, the price must fall in order to increase the demand for that product and reach equilibrium.

In the first part of his sentence , Dave acknowledges that there is excess supply of laptops in the market. In the second part, he also says that prices have fallen by a lot in order to induce demand for laptops.

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Organizations are increasingly using teams for many reasons. The difference between a good team and an outstanding team has been

leonid [27]

Answer:

the way team members treat each other

Explanation:

The main difference between such teams is the way team members treat each other. This is because the most outstanding teams treat each other as friends, this allows each member to want to motivate one another towards their best self. Overall this provides increased work efficiency and innovative results from these teams as opposed to groups that treat each other only as professional colleagues and want to overshadow one another in order to further their own careers.

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3 years ago

Assume there is an economy with a single bank, and the central bank sets the reserve requirement ratio at 5%. Assume also that t

Elza [17]

Answer:

An Economy with a Single Bank

a. The amount of required reserves = $100

The amount of actual reserves = $100

The amount of excess reserves = $0.

b. The total amount of loans, deposits, and money in the economy

= $40,000

c. The size of the money multiplier for this economy

= 20

Explanation:

a) Data and Calculations:

Reserve requirement ratio = 5%

Customer's deposit = $2,000

Amount of required reserves

= Initial deposits multiplied by reserve ratio

= $100 ($2,000 * 5%)

Actual reserves = $100

Excess reserves = $0

Total amount of loans, deposits, and money in the economy

= Initial Deposits/Reserve Ratio

= $40,000 ($2,000/0.05)

The size of the money multiplier for this economy = Total money supply in the economy divided by the initial money deposits

= $40,000/$2,000

= 20

b) The Money Multiplier refers to how the initial deposit of $2,000 leads to a bigger final increase in the total money supply of $40,000. It means that the money multiplier is 20 or that the initial deposit of $2,000 has multiplied by 20 to $40,000.

8 0

3 years ago

Barry is a single, 40-year-old software engineer earning $190,000 a year and is not covered by a pension plan at work. How much

Anna007 [38]

Answer:

Barry cannot contribute any amount to Roth IRA

Explanation:

For a single/ unmarried individual to be able to contribute to Roth IRA plan, his Adjustable Gross Income (AGI) should range between $117,000 and $132,000. Since Barry's annual income is $190,000, which is higher than the maximum AGI required for a single to be able to contribute to Roth IRA, he cannot contribute to Roth IRA.

3 0

3 years ago

When information is transferred from one person to another is called

9966 [12]

Answer:

Below:

Explanation:

It's called "Communication".

Hope it helps..... Bro/Sis

It's Muska... :)

5 0

3 years ago

Read 2 more answers

Which of the following condition will both consumers and sellers benefit?

victus00 [196]

Answer: Option C) When supply equals demand.

The most common supply curve decreases with price. The most common demand curve increases with price. The point at which supply and demand curves intercept each other is the equilibrium point. At that point (equilibrium), there are consumers who are paying less than what they are willing to pay (generating a consumer surplus) and there are producers who are selling at a price that is higher than what they are willing to receive (generating a producer surplus), then both consumer and producers benefit.

5 0

4 years ago