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Mekhanik [1.2K]
3 years ago
11

If the equilibrium price of a good increases and the equilibrium quantity of the good decreases, we can conclude that __________

.
Business
1 answer:
Alex777 [14]3 years ago
7 0

<u>Answer: </u>Supply decreases and the supply curve has shifted upwards.

<u>Explanation:</u>

Equilibrium price is the place where the supply and demand curves meet. It is the balance point above the point creates surplus and below the point creates shortages.Surplus occurs when the prices are lowered to increase the sales. When there is a shortage the prices will increase to make benefit out of the situation and meet high demand.

When the supply and demand curves shift upwards it affects the price and quantity. The equilibrium price of the product will increase and the quantity falls.

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PLEASE HELP ASAP!!!! CORRECT ANSWERS ONLY PLEASE!!!!
daser333 [38]
C. Opening a bank. 

Because your opening up an bank account, therefore you not using any kind of money, or credit. UNTIL you put something inside the account. 

6 0
3 years ago
Read 2 more answers
An organization has experienced significant turnover among its creative writers. During exit interviews, the writers have expres
erica [24]

Answer:

Establish a work/life program that allows flexibility.

Explanation:

In the case when there is the exit interviews so the writer would shows the dissatisfaction also there is less recognition towards the work and the poor communication between the managers and employees

So the organization should incorporate the social well being in a way where it created the work or life program that permits the flexibility

So as per the given situation, the above statement should be the answer

7 0
2 years ago
Sapphire Aerospace operates 52 weeks per year, and its cost of goods sold last year was $6,500,000. The firm carries eight items
OLEGan [10]

a. The average aggregate inventory value is <em>$336,000.</em>

b. The number of weeks of supply that the firm has is <em>3 weeks</em>, approximately (2.69 ($336,000/$6,500,000 x 52).

c. The inventory turnover of Sapphire Aerospace for last year was<em> 19.3x.</em>

<u>Question Completion</u>:

Category        Part Number        Average           Value        Total      Category

                                              Inventory Units    per Unit      Value        Totals

Raw Materials      RM-1                20,000               $1        $20,000

Materials             RM-2                 5,000                 5          25,000

                            RM-3                 3,000                 6           18,000

                            RM-4                  1,000                 8            8,000      $71,000

Work-in-process WIP-1                 6,000                10         60,000

                            WIP-2               8,000                 12         96,000   $156,000

Finished goods   FG-1                  1,000                65         65,000

                            FG-2                   500                88         44,000   $109,000

Total value of inventory                                               $336,000  $336,000

Inventory turnover = Cost of goods sold/Average inventory

= 19.3x ($6,500,000/$336,000)

Thus, the average inventory value is $336,000, while the inventory turnover was 19.3x.

Learn more about inventory turnover here: brainly.com/question/5701250

3 0
2 years ago
Why should management increase with the size of the company?
Evgen [1.6K]

Answer:B. So that the growth can be carefully monitored and managed

Explanation: Management is an act of planing,coordinating and the executing responsibilities in order to improve efficiency.

When a company grows the number of managers are expected to increase so that the activities of the organization is effectively coordinated,growth can be properly and efficiently monitored and managed.

If growth is not efficiently monitored and managed it will hinder the overall performance of the organization.

6 0
3 years ago
Because costs and benefits are both subjective, a person's cost-benefit analysis will always be based on what?
Allisa [31]

Answer: his or her unique values and benefits

Explanation: I just got it right

4 0
3 years ago
Read 2 more answers
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