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
slava [35]
3 years ago
10

A decrease in the supply of a good can be expected to cause ____ in the equilibrium price of the good and ____ in the equilibriu

m quantity of the good bought and sold
Business
1 answer:
JulsSmile [24]3 years ago
4 0

Answer:

Increase, Decrease

Explanation:

A decrease in the supply results in many buyers competing for very few goods. If the demand is constant, the quantity supplied and price have an indirect relationship. A decrease in the volume of supplied results in an increase in price. Many buyers will be competing for a few products causing the equilibrium price to increase.

A decrease in supply will cause the quantity available for buyers to buy to decline. Consequently, the volume purchased will be fewer.  Equilibrium quantity will, therefore, decrease.

You might be interested in
Which of the following requirements must be met before a lender may begin the power of sale
alex41 [277]

The lender must wait at least 15 days before receiving notice of a breach of the terms not being upheld and a mortgage default. This authority is frequently outlined in a clause in the mortgage contract between the lender and the borrower.

What is power?

The ability to exert authority, control, or influence over another person is referred to as having "power." Decision-making has benefited from the power.

According to the mortgage laws, a lender must wait at least 15 days before receiving notice that their mortgage has defaulted due to a breach of the terms. The mortgage contract between the lender and borrower often include a clause expressing this authority.

As a result, mortgage act as 15 days notice period, breach of contract and legal obligations.

Learn more about on power, here:

brainly.com/question/3586518

#SPJ1

3 0
2 years ago
Where to buy this product and what is ut called 50points need to know urgently​
Roman55 [17]

Answer:

3d panel lights - Amazon

Explanation:

6 0
3 years ago
Demand for a product is 500 units per month. The company incurs a fixed order placement, transportation, and receiving cost of 4
9966 [12]

Answer:

Economic Order Quantity is the level of inventory that minimizes the total inventory holding costs and ordering costs. It is one of the oldest classical production scheduling models. Economic order quantity refers to that number (quantity) ordered in a single purchase so that the accumulated costs of ordering and carrying costs are at the minimum level. In other words, the quantity that is ordered at one time should be so, which will minimize the total of. Cost of placing orders and receiving the goods, and Cost of storing the goods as well as interest on the capital invested.

economic order quantity (EOQ)

3 0
3 years ago
Which of the following could be a synonym for the world 'externality'?
abruzzese [7]
Answer: option C. side-effect

Externality is an economic term, used to refer the damage or benefit that an individual or community experience, due to the activity of other agents who are pursuing other objective.

For example, when a enterprise burns fuel to produce energy, the increase of CO2 is an externality.
5 0
3 years ago
explain the role of beliefs, customs and attitudes in communication and how it acts as an input communication​
lidiya [134]

Answer and Explanation:

An individual's customs beliefs and attitudes are directly related to the culture to which they belong and that culture is able to determine the forms of communication that an individual can present, showing how to behave and how to start a communication. Thus, these factors determine the beginning and the entire development of input comunication, as well as the elements that compose it.

3 0
3 years ago
Other questions:
  • What should you do before giving contact information for your references to a potential employer? A. Notify references and get t
    15·2 answers
  • Norr and Caylor established a partnership on January 1, 2010. Norr invested cash of $100,000 and Caylor invested $30,000 in cash
    7·1 answer
  • Pascal is a customer-service representative who handles phone inquiries. He has a goal of handling 12 calls per hour. When he ge
    14·2 answers
  • he following is a partially completed lower section of a departmental expense allocation spreadsheet for Brickland. It reports t
    7·1 answer
  • Universal Travel Inc. borrowed $501,000 on November 1, 2021, and signed a 12-month note bearing interest at 7%. Interest is paya
    12·1 answer
  • How many elective courses does a college studebt typically have to take to earn a bachelors degree
    8·1 answer
  • The graph shows a demand curve. What can be said about the demand line moving to the right?
    7·2 answers
  • The maximum production of an oil refinery is 1400 barrels per day. The refinery can produce two types of fuel: gasoline and heat
    12·1 answer
  • 100 points
    8·2 answers
  • At a local manufacturing plant, about 20 percent of the engineers work full-time as independent contractors for a maximum of thr
    14·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!