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Rama09 [41]
3 years ago
7

In a perfectly competitive market in​ short-run equilibrium,​ _______. A. the price and quantity bought and sold in the market a

re determined by the shutdown point B. only demand determines the price and quantity bought and sold in the market because all firms are price takers C. only supply determines the price and quantity bought and sold in the market because the good has many substitutes D. market supply and market demand determine the price and quantity bought and sold in the market.
Business
2 answers:
Thepotemich [5.8K]3 years ago
4 0

Answer:

D. Market supply and market demand determine the price and quantity bought and sold in the market.

Explanation:

In perfectly competitive market, equilibrium price and quantity is determined at the point where the aggregate supply curve and aggregate demand curve intersect.

If either supply or demand changes, the supply/demand curve will shift to intersect the demand/supply curve at a new equilibrium point.

In other words, although both suppliers and buyers are price-takers they both influence price and quantity bought and sold,<em> at the aggregate level</em>.

ruslelena [56]3 years ago
4 0

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What is the cause of prices dropping?
Andrej [43]

Answer:

When prices drop people usually go buy it even if it is a little drop.

Explanation:

They go because of a phycological difference in price.

5 0
3 years ago
Read 2 more answers
A coupon bond that pays interest of $90 annually has a par value of $1,000, matures in 5 years, and is selling today at a $15 ab
Digiron [165]
The answer would be A
5 0
2 years ago
A company is preparing its cash budget. Its cash balance on January 1 is $290,000 and it has a minimum cash requirement of $340,
adoni [48]

Answer:

$26,700 excess

Explanation:

The amount of deficiency or excess can be determined only when the ending cash balance is known. The ending cash balance is the addition of the net movement in cash to the opening cash balance.

The net movement is the difference between the total receipts and the total payments or disbursement.

Total receipts for January

= $1,061,200

Total payments

= $984,500

Net movement = $1,061,200   - $984,500  

= $76,700

Ending balance = $290,000 + $76,700

= $366,700

If the minimum cash requirement is $340,000

The amount of the (deficiency)/excess cash (after considering the minimum cash balance required) for January

= $366,700  - $340,000

= $26,700

3 0
3 years ago
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The answer is Action plan
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6 0
3 years ago
During the year, Wright Company sells 415 remote-control airplanes for $100 each. The company has the following inventory purcha
mihalych1998 [28]

Answer:

See explanation section.

Explanation:

We know, first in first out (FIFO) inventory system shows that items were sold those were purchase earlier.

Cost of good sold under FIFO method,

Jan. 1 Beginning inventory                       50 units × $75 = $3,750

May. 5 Purchase                                       215 units × $78 = $16,770

<u>Nov. 3 Purchase                                        150 units × $83 = $12,450</u>

Cost of good sold                                      415 units            = $32,970

Ending inventory = Total inventory - cost of good sold

Ending inventory = 430 units - 415 units = 15 units

Cost of inventory = Total cost - Cost of good sold

Cost of inventory = $34,215 - $32,970 = $1,245

7 0
3 years ago
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