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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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Answer:

Product cost= $75

Explanation:

Giving the following information:

Variable costs per unit:

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Direct labor $47

Variable manufacturing overhead $11

Under the variable costing method, the unitary product cost is calculated using the direct material, direct labor, and unitary variable overhead:

Product cost= 17 + 47 + 11= $75

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alekssr [168]

When deciding the cost of an insurance policy being applied to the customer, then the underwriting experts used the concept of data analytics.

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<h3>What is underwriting?</h3>

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6 0
2 years ago
The following cash transactions occurred during the period. INTEREST RECEIVED IN CASH $18,000
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Answer:

OPERATING ACTIVITIES

SOURCES: INTEREST RECEIVED IN CASH $18,000, the company receives money

(USES:) PAYMENT OF WAGES TO EMPLOYEES $35,000, the company pays wages

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SOURCES: NONE

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FINANCING ACTIVITIES

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2 years ago
You decide to cash out your CD early. What will happen? A. You will be able to invest in other stocks. B. You will be penalized
lozanna [386]

The answer would be B.

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3 years ago
Read 2 more answers
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