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
crimeas [40]
3 years ago
10

Suppose roses are currently selling for $40 per dozen, but the equilibrium price of roses is $30 per dozen. We would expect a a.

shortage to exist and the market price of roses to increase. b. shortage to exist and the market price of roses to decrease. c. surplus to exist and the market price of roses to increase. d. surplus to exist and the market price of roses to decrease.
Business
1 answer:
Citrus2011 [14]3 years ago
5 0

Answer:

D

Explanation:

Equilibrium means a state of equality or balance between market demand and supply. Refers to a price at which both parties producers and consumers are agreed to exchange.

Prices where demand and supply are out of balance are called points of disequilibrium.

If the selling prices is over the equilibrium price, means that there is a surplus of excess supply, so the prices would go down to returned to the equilibrium price.

You might be interested in
While doing an online search for a music venue, Darcy ran across a performance of Lady Gaga that featured her hair neatly wrappe
horrorfan [7]

Answer:

The correct answer is (c)

Explanation:

Product placement is a type of promoting wherein obvious goods are underlined in a video creation that attracts a huge group of viewers. It is also called embedded marketing and is found in films, TV programs, individual recordings, radio and live exhibitions. In return for item publicity organisations may pay the production house in money, products, or administrations.

3 0
3 years ago
A company uses the percent of sales method to determine its bad debts expense. At the end of the current year, the company's una
Maru [420]

Answer:

Option E is the correct answer

5300$ is the correct answer.

Explanation:

Credit Sales = $800000

Uncollectible net sales = $800000*0.6% = $4800

Hence, balance in Allowance for uncollectible accounts after adjustment should be $4800 credit

Balance already in the account = $500 debit

Hence, adjustment required is $5300 credit

8 0
3 years ago
Reporting the details of notes is consistent with which accounting principle that requires financial statements (including footn
alexgriva [62]

Answer:

The correct answer is Option B.

Explanation:

The full disclosure principle is a concept that requires all necessary details relating to the notes to the financial statements are provided and explained in such a way that would be understandable to the users of the financial statements.

The disclosures are expected to be in compliance with the accounting standards, regulatory pronouncements, among others.

6 0
3 years ago
Recalling the competency pyramid studied in this chapter, what is the difference between a personal competency and an academic c
EastWind [94]

Answer:

c

Explanation:

lololololoolololololol

6 0
3 years ago
Instead of living in a service economy, we now live in a(n) ________ economy.
Nataly [62]

Instead of living in a service economy, we now live in a(n)  Mixed economy.

Explanation:

  • A mixed economy consist of  both private and government /state owned economies which  share control of owning, making, selling, and exchanging good in the country.
  • U.S. and France are two example of Mixed Economy
3 0
3 years ago
Other questions:
  • A department store decides to use "secret shoppers" at unannounced times to test for service quality among its personnel. Store
    15·1 answer
  • Cruz Company uses LIFO for inventory costing and reports the following financial data. It also recomputed the inventory and cost
    15·1 answer
  • A company reports the following information for Year 1: Sale of equipment $20,000 Issuance of the company’s bonds 10,000 Dividen
    13·1 answer
  • Abraham drinks Mountain Dew. He can buy as many cans of Mountain Dew as he wishes at a price of $0.55 per can. On a particular d
    11·1 answer
  • On January 1, 2018, the company purchased equipment that cost $10,000. The equipment is expected to be worth about (or has a sal
    9·1 answer
  • Which of the following indicators provides the clearest indication that an economy is experiencing deflation?
    12·2 answers
  • Sawchuck Consulting has been profitable for the last 5 years, but it has never paid a dividend. Management has indicated that it
    12·2 answers
  • Carson beck works at the local worst buy shop. as a full-time student at the local university, he is being paid an hourly rate o
    10·1 answer
  • The Wei's are buying their first home. The purchase price of the home is $175,859. The Wei's are putting a
    5·1 answer
  • After you have all of the information, decide which financial institution is best for you. Write your answer in the text box bel
    10·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!