What is the point at which supply and demand intersect at a given price?

2 answers:

8 0

The answer is an equilibrium point. In economics, this relates to the condition of the economic forces in which supplies and demand meet meaning the demand is equal to the supplies of the certain product. It is set by increasing or decreasing the price of a good in response to the movement of the supply and demand in the market.

Nataly_w [17]4 years ago

4 0

The answer is an equilibrium point.

You might be interested in

1. define the forming stage and list four activities that happen in this stage

viva [34]

Answer:

The forming stage involves a period of orientation and getting acquainted. Uncertainty is high during this stage, and people are looking for leadership and authority. A member who asserts authority or is knowledgeable may be looked to take control.
It can be a petty clash of personality or an incompatibility in communication styles. Or it could be something more serious, such as a disagreement about the team's goals. It could even exhibit itself as one team member accusing another of not pulling their weight in the project.
Tuckman (1965) identified four stages of team development including Forming, Storming, Norming, and Performing. This widely referenced early work continues to provide a useful model for understanding the dynamic nature of the evolution of teams.
Stage 1: Forming. Feelings. ...
Stage 2: Storming. Feelings. ...
Stage 3: Norming. Feelings. ...
Stage 4: Performing. Feelings. ...
Stage 5: Termination/Ending. Some teams do come to an end, when their work is completed or when the organization's needs change.

4 0

3 years ago

A family with 45000 in asserts and 22000 of liabilities would have a net worth of?

-Dominant- [34]

The answer would be B, $23,000.

8 0

4 years ago

Read 2 more answers

A company that maintains its books and records under IFRS is applying the revaluation model to a certain fixed asset. In previou

yuradex [85]

Answer: See explanation

Explanation:

The revaluation model is when the fixed asset of a business or an organization is carried at its revalued amount.

Based on the question asked, the asset will be valued based on the new fair value with regards to the increase. It should be noted that the remainder recognized will then be recognized in the other comprehensive income.

4 0

3 years ago

1. Identify each account as an asset (A), liability (L), or equity (E).

Novosadov [1.4K]

Answer:

Interest Revenue: Income, Credit balance, credit increases the balance, debit reduces such balance

Accounts Payable: Liability, Credit balance, credit increases the balance, debit reduces such balance

Calhoun Capital: Equity, Credit balance, Credit increases the balance, debit reduces such balance

Office Supplies: Asset, Debit balance, Debit increases the balance, credit reduce such balance

Advertising Expense: Expense, Debit balance, debit increases the balance, credit reduces such balance

Unearned Revenue: Liability, Credit balance, credit increases the balance, debit reduces such balance

Prepaid Rent: Asset, Debit balance, Debit increases the balance, credit reduces such balance

5 0

3 years ago

Marsh, inc. paid for freight costs on merchandise it shipped to a customer. in what account will marsh record this cost in a per

Alexxandr [17]

The answer for this is <span>freight-out
</span>The entry to record the payment of freight costs for goods shipped to a customer requires a debit to Freight-out and a credit to cash. Freight-out is not part of the cost of inventory; it is a delivery expense and appears among the operating expenses on the income statement.
<span>In contrast, freight-in is used to record the shipping costs associated with acquiring inventory (note: when using a perpetual inventory system, the shipping cost associated with acquiring inventory is debited to Inventory).</span>

3 0

3 years ago