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
madreJ [45]
3 years ago
14

Explain why and how a reasonably competitive market is always moving toward equilibrium.

Business
1 answer:
Aleksandr-060686 [28]3 years ago
5 0
Shortages below equilibrium will drive up price that decrease quantity demanded and increases quantity supplied moving toward equilibrium. Also because of the two conditions one is informal and the other one is free market entry. <span />
You might be interested in
Lori purchased a home for $250,000 with an additional $5,000 in related purchase costs and then added a garage at a cost of $25,
Tanzania [10]

Answer: $10,000

Explanation:

If you purchase a house and pass the ownership test of having lived in the house for at least 2 years in the past 5, you can exclude $250,000 from the capital gains as a single person.

Lori passes the ownership test and so can claim the tax exclusion.

Capital gain:

= Cash received - Purchase costs

= (575,000 - 35,000) - (250,000 + 5,000 + 25,000)

= $260,000

After claiming exclusion of $250,000

= 260,000 - 250,000

= $10,000

3 0
3 years ago
Doc's ribhouse had beginning equity of 79000 and net icome of 23000. The company has no other transaction impacting equity. Calc
____ [38]

Doc's ribhouse ending equity would be $102,000 if has beginning equity of 79000 and net icome of 23000.

<h3>What is equity?</h3>

Equity is the amount of capital invested or owned by the owner of a company. The equity is evaluated by the difference between liabilities and assets recorded.

Doc's ribhouse beginning equity

= $79,000

Net income

= $23,000

Ending equity

= ?

Ending Equity

= Beginning Equity + Net Income - Dividends

= $79,000 + $2

= $102,000

Hence, Doc's ribhouse ending equity would be $102,000

Learn more about equity here : brainly.com/question/11556132

#SPJ1  

7 0
3 years ago
Which of the following is not true regarding the outcome of a consumer’s optimization process? Group of answer choices a.the con
Vlada [557]

Answer:

Option A                      

Explanation:

The expenditure limit reflects the profits of a customer, so efficiency happens when customers may reach the lowest potential curve of disregard towards their income bracket.  In other terms, there will be less use of another product, when more of that item is eaten.

Thus, if we carefully focus then we can realize that the whole point of doing customer optimization is to make sure that customer gets clear about their preferences.  

4 0
4 years ago
Gatorade thirst quencher displays the letter g front and center along with the brand's iconic bolt. according to the company, "g
Alex787 [66]

Perception benefits.

Gatorade wants anyone who uses their product and sees their logo to associate it (aka<em> have the perception</em>) that the user is athletic.

4 0
4 years ago
When Mohesha receives an increase in her pay check from​ $1,800 a month to​ $2,200 a​ month, she increases the quantity of hot c
Irina18 [472]

Answer:

The answer is

Income inelastic

The chocolate is a normal good.

Explanation:

First lets find the percentage increase or decrease in income and demand.

For income:

($2,200 -$1,800)÷$1,800

=$400÷$1,800

=0.2222 or 22.22%

For the demand

(21cups-19cups)÷19cups

=0.1053 or 10.53.

A 22.22% increase in income leads to 10.53% in demand of hot chocolate. This means it is less proportional. The demand is less sensitive to his income.

The hot chocolate is a normal good. If not an increase in income would have resulted to a lower demand for hot chocolate.

8 0
3 years ago
Other questions:
  • The storage capacity of long term memory is best described as
    10·1 answer
  • What are five private agencies that protect consumer rights
    10·1 answer
  • On December 27, a business completed a $400 service that had not yet been billed or recorded as of December 31. Demonstrate the
    11·1 answer
  • The resort project would require a $20,500,000 investment. At the end of ten years, some of the equipment would have a salvage v
    5·1 answer
  • The government’s involvement in economy serves what two purposes?
    8·1 answer
  • Advantages of being able to apply Barnlund’s Transactional Model to their workplace communication.
    6·1 answer
  • Gretchen has just started as a fashion marketing intern for an up-and-coming design firm. She expected to begin right away imple
    7·1 answer
  • Live Trap Corporation received the data below for its rodent cage production unit. OUTPUT INPUT 49,200 cages Production time 630
    10·1 answer
  • In a economy, the government owns the means of production.
    10·1 answer
  • What is Microworkers?
    13·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!