Answer:
B it occurs where the market demand and supply curves intersect.
Explanation:
The equilibrium price is the current market price, as determined by the forces of demand and supply. It reflects the price at which buyers and sellers agree for a specified quantity of a product in a given time.
In a graph containing both the demand and supply curve, the equilibrium price is the two curves' intersection. At this price, there will be excess or short supply in the market.
POWER & RESPECT COMES ALONG WITH BUSINESS PLAN'S
Answer and Explanation:
The journal entries are shown below:
A. Equipment $24,500 ($25,000 × 98%)
To Accounts Payable $24,500
(Being the equipment is purchase on account)
B. Equipment $24,545
Discount on Notes Payable $2,455
To Note Payable $27,000
(Being note payable is recorded)
C. New Equipment $24,500
Accumulated Depreciation $8,000
Loss on Equipment $3,500
To Cash $22,000
To Old Equipment $14,000
(Being equipment is recorded)
D. Equipment $24,000
To Common Stock $24,000
(Being equipment purchased)
Answer:Please refer to the Explanation section
Explanation:
Cuba seems to a comparative advantage in Producing Sugar, importing sugar will drive the price down because Cuba can supply sugar at a relatively lower price which will means people in Florida will purchase Sugar at lower price so a trade with with will be in the best interest of the People because the demand will met, meaning there will no shortages in the market and the price will be lower. these two point will increase consumer surplus.
We could also export some of the products we have comparative advantage on, which will not only increase revenue for local Producers but will also open opportunities for local producers to gain market share which will increase the demand for the local products. When the Demand for the Local Products increases, Local Producers will produce more and that will lead to an increase in the Gross Domestic Products (GDP) of the United States.
A trade will Cuba Trade Deal will benefit the country and the citizens of the country I therefore would like to plead with the Senator to review the embargo on Cuba
30% off. 14,200 multiplied by 0.7 equals 9,940. 1.0 - 0.7 = 0.3
