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nalin [4]
3 years ago
8

The demand for grapesgrapes is highest during summer and lowest during winter. Yet grapegrape prices are normally lower in summe

r than in winter. What must be happening to the supply of grapesgrapes , from winter to summer, for the equilibrium price to fall?
A. The supply increases, but less than the demand increases.

B. The supply does not change.

C. The supply for grapesgrapes decreases.

D. The supply increases more than the demand increases.
Business
1 answer:
anastassius [24]3 years ago
6 0

Answer:

The correct answer is: D. The supply increases more than the demand increases.

Explanation:

The law of supply and demand is the basic principle on which a market economy is based. This principle reflects the relationship between the demand for a product and the quantity offered of that product taking into account the price at which Sell ​​the product.

Thus, depending on the price in the market of a good, the bidders are willing to manufacture a certain number of that good. Like the plaintiffs they are willing to buy a certain number of that good, depending on the price. The point where there is a balance because the plaintiffs are willing to buy the same units that the bidders want to manufacture, for the same price, is called the market equilibrium or breakeven point.

According to this theory, the law of demand states that, keeping everything else constant, the quantity demanded of a good decreases when the price of that good increases. On the other hand, the law of supply indicates that, keeping everything else constant, the quantity offered of a good increases when its price does.

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To reduce potential liability, in which area should real estate professionals not provide expert information?
Mama L [17]

Real estate experts should not provide advice

on tax implications. this is because to offer such an advice the expert need training and knowlidge on state and federal tax laws. Tax laws are complex and varies from state to state which requires a considerable high level training. ina ddition, the laws keep on changing as new budgets are read,and the expert may not be conversant with any change.

5 0
3 years ago
Stormy Corporation has two service departments (S1 and S2) and two production departments (P1 and P2), and uses the step-down me
Marianna [84]

Answer:

E. Both S1's cost should be allocated (i.e., spread) over 140 employees and S2 should allocate a total of $390,000 to P1 and P2.

Explanation:

As S1 gives more service, So it would be allocated first

Here

S1 cost of $280,000 would be allocated to S2 P1 and P2 based on number  of employees

The total employees in S2 P1 and P2 is

= 20 + 50 + 70

= 140

And, the Cost to be allocated per employee is

= $280,000 ÷ 140

= $2,000

Now cost received by S2 is

= $2,000 × 20

= $40000

And, the cost received by P1 is

= $2,000 × 50

= $100,000

And, the cost received by P2 is

= $2,000 × $70

= $140,000

Now

S2 contains total cost of

= $350,000 + $40,000 (from S1)

= $390,000

So this would be allocated to P1 and P2 as S1 has already allocated  

Hence, option D is correct

3 0
3 years ago
5. Max prepares a tax return for Ali at a VITA/TCE site. He finds out during the interview that Ali has no health insurance. Aft
solmaris [256]
Ion know and I wish I did good luck lol
3 0
3 years ago
As the company prepares to sell and open more stores in the Indian and Chinese markets, which type of strategy would you recomme
aleksandr82 [10.1K]

Answer:

Business Environment Research

Explanation:

Very intensive 'business environment research' strategy is important for any company trying to open more stores in any new market. Business Environment refers to external factors that affect a business.

All the aspects of market environment

  • Economic (Growth, Income, Monetary Policy, Interest etc)
  • Political (Political stability, business community trust)
  • Legal  (Laws, Rules & Regulations, Mandates etc)
  • Social (Customs, Beliefs, Lifestyles, Values etc)
  • Technological (Ongoing scientific & technical upgradations)

It is important to understand all these aspects to be able to understand a market better, & sell (expand) their successfully.

7 0
3 years ago
On September 1, 2021, Hiker Shoes issued a $108,000, 8-month, noninterest-bearing note. The loan was made by Second Commercial B
bearhunter [10]

Answer:

effective interest rate = 4.75 %

Explanation:

given data

principal = $108,000

time = 8 months = \frac{8}{12} year

rate = 10%

solution

we get here first interest that is

interest = principal × rate × time .................1

put here value

interest = $108,000  × 10% × \frac{8}{12}

interest = $7200

so here effective interest rate will be here as

effective interest rate = \frac{interest}{principal- interest} × time  ...........2

put here value

effective interest rate = \frac{7200}{108000-7200}  ×  \frac{8}{12}

effective interest rate = 0.04761

effective interest rate = 4.75 %

6 0
3 years ago
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