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
Naddika [18.5K]
4 years ago
11

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

Business
2 answers:
Liono4ka [1.6K]4 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]4 years ago
3 0

Answer:

The price needs to increase.

Explanation:

You might be interested in
Suppose that flu shots create a positive externality equal to $20 per shot. what is the relationship between the market equilibr
GarryVolchara [31]
The flu shots create a positive externally equal to $20 per shot. The relationship between the market equilibrium output level and the efficient equilibrium output produced is directly proportional. As the equilibrium output increases, the market equilibrium output level also increases. <span />
8 0
3 years ago
A new cell phone may have glass from Kentucky, a processor made in France, and a body made in Korea. These parts may then be ass
Snezhnost [94]

Answer:

Letter d is correct. <em>Commodity chain</em>

Explanation:

Commodity chain is a technique widely used in the globalized capitalist world. In this process organizations produce their goods in various locations, which becomes a connected link of production and distribution in a globalized market. The advantages of the commodity chain is to achieve significant cost savings from purchasing goods from other countries, as well as increased production volumes and reach of international customers that enhances an organization's global perspective.

6 0
3 years ago
The staff at a small company includes: 4 secretaries, 20 technicians, 4 engineers, 2 executives, and 50 factory workers. if a pe
lawyer [7]
Total staff = 4 + 20 + 4 + 2 + 50 = 80
P(Factory Worker) = 50/80 = 5/8

Answer: 5/8
8 0
3 years ago
Written, Inc. has outstanding 600,000 shares of $2 par common stock and 120,000 shares of no-par 8% preferred stock with a state
Vitek1552 [10]

Answer:

$126,000

Explanation:

Given:

Total outstanding stocks = 600,000

Price per share of common stock = $2

Number of preferred stock = 120,000

Interest rate = 8%

Stock Value = $5

Outstanding year = 3

Total Amount of preferred stock = Principle × Rate × Time

or

Total Amount of preferred stock = ( 120,000 × $5 ) × 0.08 × 3 = $144,000

Since,

The preferred stock value is more than the amount distributed

Hence,

the total amount distributed i.e $126,000 will be received by the preferred stockholders

6 0
4 years ago
John has an auto which is covered for collision losses subject to a $250 deductible. Kate's auto also has collision coverage but
Svetllana [295]

Answer: D. Kate's policy will pay $1,500, and John's policy will pay $250.

Explanation:

The deductible is the amount that a policy holder has to pay before the insurance company pays the remaining amount.

From the question, we are informed that John has an auto which is covered for collision losses subject to a $250 deductible while Kate's auto also has collision coverage but her deductible is $500.

If a $2,000 collision loss occurs when John borrows Kate's car because his car is in the shop for repairs, since John has a deductible of $500, Kates policy will pay ($2000 - $500) = $1500 and John's policy will pay $250.

5 0
4 years ago
Other questions:
  • I have the following options: A) I can lease a car for $500 per month with an additional upfront payment of $200. The lease term
    11·1 answer
  • troy has $1,250 in an account that pays simple interest of 8% annually b9w much interest will trot have earned by the end of the
    6·1 answer
  • On January 1, 2021, Rapid Airlines issued $200 million of its 8% bonds for $184 million. The bonds were priced to yield 10%. Int
    5·1 answer
  • If a company is relying on borrowing and credit too extensively, this will probably be reflected in _____ ratio.
    14·1 answer
  • A nurse manager has had issues with a marginal employee. staff members have complained several times to the manager regarding th
    11·1 answer
  • Managers use _____ to direct employees and resources toward achieving specific outcomes that enable the organization to perform
    7·1 answer
  • Consumers will pay the full tax that is placed on the sellers of a good if demand is __________ or supply is __________.
    15·1 answer
  • Jack currently works for a law firm full time and earns $60,000 a year. He is thinking of quitting his job to pursue a medical d
    7·1 answer
  • Cora owns a Christian bookstore and tries to run it in accordance with Judeo-Christian values, which promotes charity among the
    11·1 answer
  • The largest owner/operator of radio stations in the United States is ____________________. In 2006, this company became a privat
    13·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!