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
leonid [27]
3 years ago
13

Please select the best answer from the choices provided A situation in which quantity demanded is greater than quantity supplied

best describes a. excess supply. b. shortage. c. equilibrium of demand. d. surplus.
Business
2 answers:
Black_prince [1.1K]3 years ago
5 0
<span>A situation in which quantity demanded is greater than quantity supplied best describes shortage. Shortage is when any product or service lacks the means to provide or satisfy its demand. A shortage in the product or service usually results to a price increase. On the other hand, a surplus results to a price decrease.</span>
Gnoma [55]3 years ago
5 0

Answer: b). Shortage

Explanation:

Shortage as the name suggests is the relative scarcity of goods in comparison to its demand. Shortage occurs when quantity demanded of a good is greater than its supply. In situations of shortage, the price of the good will rise and the quantity demanded will fall till it is equal to the supply.

So, the correct option is b). shortage

You might be interested in
New shoes are on SALE. You find a pair you like for $85 dollars. But you only have $45 with you. So, you pay $40 and
nexus9112 [7]

Answer:

Explanation:Answer:

The balance amount owned in six months is $ 46.8

Explanation:

Given as :

The price of new shoes = $85

The amount paid for the shoes  = $ 40

The balance amount for the shoes = $85 - $40 = $ 45

The rate of interest = 8%  

the time period = 6 months = 0.5 years

From simple method

Simple interest =  

or, Simple interest =  

Or, Simple interest =  = $1.8

So, Amount = Principal + Interest

or, Amount = $45 + $1.8 = $ 46.8

6 0
3 years ago
Advantages corporations had over small business included: a. raw material discounts b. reduction of unit cost c. specialists d.
kondaur [170]

Answer:

a. Raw material discounts

b. Reduction of unit cost

c. Specialists

d. Better production methods

Explanation:

a. Corporations have various advantages over small businesses. Because they buy  raw materials in bulk they are able to negotiate volume discount. This gives them more advantage over the small business who cannot buy in bulk.

b. A fall out from the above is reduction of unit cost or average cost, when discount is received it reduces the total cost of material and by implication the unit cost.

c. Because of their size and financial strength, corporation is able to attract qualified employees as opposed to small businesses that are limited by their financial position.

d. Corporations because of their financial strength are able to finance research with view to discovering a better production methods. This may be impossible to small businesses.

8 0
3 years ago
Thirty-five members of the Ortiz extended family were spread across three states—Illinois, New York and Florida—and they rarely
Stells [14]
The answer will be 2,500 because u have to calculate which I did.
8 0
3 years ago
The company XOXO is specialized in producing treadmills. The company allocates manufacturing overhead based on direct labor hour
Sphinxa [80]

Answer:

XOXO

1. Predetermined Manufacturing Overhead (MOH) rate = estimated overhead divided by total direct labor = $4,600/460  = $10 per direct labor

2. Analysis of cost per set for Job 12:

Raw materials:

Electronic parts: 40 units at $20 per unit  = $800

Plastic: 10 kilograms at $10 per kilogram        100

Labor hours: 60 hours at $25 per hour      1,500

Manufacturing overhead applied $10 per    600

 labor hour

Total Cost                                                 $3,000

Divided by 30 sets = $100 per set

Explanation:

The manufacturing overhead rate is the rate at which overhead will be charged to the jobs completed as part of the cost of production.  As an estimate, it can be overapplied or underapplied.

6 0
3 years ago
Assume the equilibrium price for a good is $10. If the market price is $5, a:_____________
stellarik [79]

Answer:

c. Shortage will cause the price to rise toward $10

Explanation:

c. Shortage will cause the price to rise toward $10

The equilibrium price is $10 this any price below the equilibrium price will create a shortage in the market because at price lower than equilibrium price, the demand is greater than the supply. Thus, shortage will push the prices upwards or towards equilibrium price.

6 0
3 years ago
Other questions:
  • Carson had partial ownership of a property. he sold his ownership share for $40,000 and never told the other owners until the cl
    9·1 answer
  • Is marketing an art form in the digital age? Why or why not?
    13·1 answer
  • According to the law of demand, there is an inverse relationship between price and quantity demanded. That is, the demand curve
    9·1 answer
  • Causal research describes the marketing phenomena under study. B. Causal research is informal and unstructured. C. Causal resear
    11·1 answer
  • explain the correlation between human capital education and income and how will this influence your career choice
    11·1 answer
  • An initial license is issued in October of 2015. When must the license be renewed in order to prevent expiration?
    13·1 answer
  • If advertising makes consumers more loyal to particular brands, it could ________ the elasticity of demand and ________ the mark
    11·1 answer
  • Company Name: XXX XXX Coffee Co
    10·1 answer
  • Which are ways that the economy is affected when the unemployment rate goes up? Select all that apply.
    5·2 answers
  • Richard Simmons, a sales rep for a firm that makes a line of pumps for keeping construction sites dry, has just been contacted b
    12·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!