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Softa [21]
4 years ago
11

At a price for which quantity demanded exceeds quantity supplied, a __________ is experienced, which pushes the price __________

toward its equilibrium value. surplus; downward surplus; upward shortage; downward shortage; upward
Business
1 answer:
ss7ja [257]4 years ago
4 0
<span>shortage, upward:
A shortage is experienced because the the goods are sold more rapidly than they can be re-stock. The price increases once the shortage happens to slow down the demand, enabling the quantity supplied to attend the quantity demanded.</span>
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An accounting clerk for Chesner Co. prepared the following bank reconciliation:
Kazeer [188]

Answer:

Explanation:

Bank reconciliation

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Adjustments:  

Add:Deposit in transit on July 31 7200

Less:Outstanding checks -3585

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Adjustments:  

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8 0
3 years ago
What is the most important consideration when planning your budget?
Yuri [45]
Try D) because budget estimate incomes
6 0
3 years ago
Trading company normally has
strojnjashka [21]
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5 0
3 years ago
A competitive car wash currently hires 4 workers, who together can wash 80 cars per day. The market price of car washes is $5 pe
Bezzdna [24]

Answer:

b) 100 cars per day.

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With the information above, we can conclude that each worker washes 20 cars per day, and earns a wage of $60 per day.

So the total labor costs per day is $60 wage per worker  X 4 workers = $240

The total sales revenue per day is: 80 cars washed per day X $5 per wash = $400.

So, we can see that with four workers, the firm has a good profit of = $400 - $240 = $160.

If the firm hired a fifth worker, labor costs would increase to $320 ($240 + $60), the amount of cars washed would increase to 100, and the sales revenue would increase to $500 (100 x $5).

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8 0
3 years ago
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