This question is incomplete. The complete question should be:
Suppose the market for cars is unregulated. That is, car prices are free to adjust based on the forces of supply and demand.
If a shortage exists in the car market, then the current price must be ____ than the equilibrium price. For the market to reach equilibrium, you would expect ______.
Answer:
If a shortage exists in the car market, then the current price must be <u>lower</u> than the equilibrium price. For the market to reach equilibrium, you would expect <u>buyers to pay higher prices.</u>
Explanation:
When demand is equal to supply in a market, the the market is said to be at equilibrium.
In a market for cars, the equilibrium price is the price at which cars are sold when demand for cars equals the supply of cars into the market.
If the price of cars in the market drops lower than the equilibrium price, <u>then there will be an increase in demand for cars. Without a corresponding increase in supply of cars, the market will experience a shortage of cars.</u>
For the market to reach equilibrium, prices will have to rise and car buyers will have to pay higher prices.
Answer:
$7,000
Explanation:
Calculation for the depreciation expense for the second year
Depreciation rate will be:
2/7 = 29%
$34,000 × 29% = $9,860
The depreciation in the first year will be $9,860
Thus,
($34,000 - $9,860) × 29%
$24,140×29%
= $7,000
Therefore the depreciation expense for the second year will be $7,000
D.Red blood cells contain a protein that binds with oxygen.
The protein is called Hemoglobin
Answer:
C
Explanation:
The Production possibilities frontiers is a curve that shows the various combination of two goods a company can produce when all its resources are fully utilised.
As more quantities of a product is produced, the fewer resources it has available to produce another good. As a result, less of the other product would be produced. So, the opportunity cost of producing a good increase as more and more of that good is produced.
If the PPF is a straight line, it means there is a constant opportunity cost no matter the point one is on the curve
It <span>would indicate the amount Expired.
Prepaid rent is a type of rent expense that you paid up-front for the future use.
In accounting, adjustment is made towards prepaid rent at the end of the year in order to find the true value ofremaining prepaid rent.
This value is being calculated by finding the fees of the rent per month and reducing it with the total by the end of the year</span>
