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Liula [17]
4 years ago
8

12. What happens as a result of a shortage? a. There is downward pressure on prices. b. There is upward pressure on prices. c. C

onsumers begin to view the good as an inferior good because they have a hard time finding it. d. Supply of the good decreases.
Business
1 answer:
choli [55]4 years ago
4 0

Answer:

Option C There is upward pressure on prices

Explanation:

The reason is that the price and supply are inversely proportional to each other. If the supply increases the prices of the product will decrease. This means that the product will increase its value if the supply of the product gets lower. Also note that the price moves upward to reach equilibrium for a level of supply. It means if the product prices increases then the supply shortage will be lowered as a result nobody will buy the product. So the supplier will have to lower price that the consumer will be willing to pay to the supplier.

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3 years ago
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On March 3, ABC purchased a desk for $450 on account. On March 22, ABC purchased another desk for $500 also on account, and then
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Answer:

A. $950

Explanation:

Proper documentations of payments, purchases and income in any company is very necessary for growth.

From the question, the following transaction occured:

  1. March 3 => a desk was purchased for $450
  2. March 22 => another desk was purchased for $500
  3. March 24 => $400 was paid on account.

To know the amount that ABC should report for desks, the two transaction for desk should be summed and the result will be the amount that should be recorded.

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3 years ago
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What are the cost and consequences of providing welfare payments and consumer subsidies
olganol [36]
The cost is clearly came from the national Budget. By providing welfare payments and subsidies, there will be less budget for other Government's plan.

As for the consequences, there are positive and negative consequence
Positive :
- It could improve the quality of life of the people in that country

Negative :
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4 0
3 years ago
Crane Company purchased a new machine on October 1, 2017, at a cost of $89,920. The company estimated that the machine has a sal
Nadya [2.5K]

Answer:

2017 depreciation expense= 10,060*3/12=$2,515

2018 depreciation expense=$10,060

Explanation:

The depreciation expense of machine for the whole year shall be calculated as follows:

Depreciation expense=[(89,920-9,440)/8]=$10,060

Since the machine is only used for 3 months in the year ended December 31, 2017, therefore the depreciation expense in 2017 will be calculated as follows

2017 depreciation expense= 10,060*3/12=$2,515

2018 depreciation expense=$10,060

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The answer is "Slide Master View"

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