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Naddika [18.5K]
3 years ago
11

If quantity demanded exceeds quantity supplied, what most likely needs to happen to achieve equilibrium?

Business
2 answers:
Liono4ka [1.6K]3 years ago
6 0

Answer:

The correct answer is option c.

Explanation:

If the demand is greater than supply, it indicates a shortage in the economy. It implies that the economy needs to increase the output level.

To reach the point of equilibrium the price level needs to be increased. We know that the quantity demanded and the price level is inversely related. So, when there is an increase in the price the quantity demanded will decrease.

The supply, on the other hand, is positively related to the price level. So, when the price is increased, the quantity supplied will increase as well.

The increase in price will thus increase the quantity and decrease the quantity demanded in such a way that the equilibrium is achieved.

9966 [12]3 years ago
3 0

Answer:

The price needs to increase.

Explanation:

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A sports team's owner is given a videotape of his star player physically striking his girlfriend in an elevator, causing her sev
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Answer:

The answer is: D) Fire the player. The team may suffer financially at first, but if the public has faith in the organization, the team and the league will benefit in the long run. If the owner keeps the tape a secret and the public finds out about his actions, the team - and society - will suffer harm from the loss of public trust.

Explanation:

Akers firmly believed that ethics were fundamental to economic competitiveness. He argued that without ethical behavior, individuals, corporations and society as a whole couldn´t be economically competitive.

So in this case, he would have simply terminated the player´s contract without regarding any of the potential downsides for the team.

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3 years ago
I am considering buying a new sports car like a Ford Mustang. Another sports car that would not likely compete head-to-head like
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Answer:

Brand Competition

Explanation:

Brand Competition arises when two or more different companies offer a similar product, under a different brand. The products are similar, but not fully substitutes: they can be distinguished in some way: quality, features, price, and so on.

In this case, what makes the Ford Mustang and the Audi R8 is the price. The Ford brand is significantly cheaper than the Audi brand, which might give Ford the upper hand in market share. However, this is not always the case because the Audi car could have the upper hand when it comes to quality, and obtain more marke share because of that.

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3 years ago
Due to the unique nature of this product, tom and melody have decided to develop a half-hour tv program to demonstrate the benef
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3 years ago
What does "employable" mean and how does it relate to careers?
ipn [44]

Answer:

employablee means that your able to apply to get a job i think but im not sure i just need these points lol

Explanation:

7 0
3 years ago
Which tool of monetary policy is most likely being described by each of the following statements?
soldi70 [24.7K]

Answer:

Even if they aren’t interested in buying, selling, or borrowing from the Fed, changes in this tool may inconvenience bank managers.

Explanation:

Monetary policies are tools government uses to regulate the financial sectors as such any changes made will either favor the bank stakeholders/managers or distort the bank managers plans there by causing inconvenient  

5 0
3 years ago
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