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
MaRussiya [10]
3 years ago
8

In competitive markets, a surplus or shortage will

Business
1 answer:
harina [27]3 years ago
4 0

Answer:

B. cause changes in the quantities demanded and supplied that tend to eliminate the surplus or shortage.

Explanation:

In a competitive economy, the balance between supply and goods and services occurs when demand and supply match. However, situations of oversupply or scarcity tend to alter the parameters of the demand and supply curves. If shortages occur, the price tends to rise, which generates an incentive for production. If oversupply occurs, the price tends to decrease, which is an incentive to increase demand. Thus, in the long run the economy tends to a new equilibrium, which will eliminate surplus / scarcity.

You might be interested in
. What will happen in the market for shotgun-shell ammunition now if buyers expect higher shotgun-shell prices in the near futur
Temka [501]

Answer:

A.

Explanation:

The demand for some of products have a relationship, where the quantity demanded for one product depends somehow on the prices of both.

If two goods are substitutes, an increase in the price of one increases the demand of the other.

The demand for brand A depends on its price and also in the price of its main competitor.

In this case, shotgun-shell  and shotgun-shell ammunition are substitutes.

6 0
3 years ago
Why do people feel more compelled to work with a leader who demonstrates responsibility
Flura [38]

Answer:

why do people feel more compelled to work with a leader who demonstrates responsibility?

People feel more compelled to work with a leader who demonstrate responsibility because such leader leads by example as a matter of fact most people are always ready to work without being forced to as a result of act of willingness displayed by such leader

Explanation:

3 0
3 years ago
Which workers are required to handle money as part of their job qualifications?
melamori03 [73]
A
A lot of Money in that business
4 0
3 years ago
Read 2 more answers
Does having social responsibility make you viewed more or less favorable by consumers?
enot [183]

Answer:

Depends on the person but probably not

Explanation:

6 0
3 years ago
Kenneth, the CEO of Dewberry Inc., is very particular about establishing and maintaining good interpersonal relations with his e
qaws [65]

Answer:

<em>Need for Achievement.</em>

Explanation:

David McClelland and his colleagues developed the Needs / Achievement Motivation Theory theory of McClelland.

The theory suggests that three needs; <em><u>Need for Power, Success and Affiliation</u></em>-affect human actions.

The desire to succeed, to perform in comparison to a set of norms, to strive to achieve greatness is the need for achievement.

5 0
3 years ago
Other questions:
  • The University of Dover and Dover University are bitter cross town rivals. They compete in everything from sports to academics.
    5·1 answer
  • Edith Engineer travels from city to city to conduct her business. Every other year she buys a used car for about $12,000. The de
    11·2 answers
  • Brief Exercise 13-14 Coronado Corporation sells DVD players. The corporation also offers its customers a 4-year warranty contrac
    11·1 answer
  • Rodriguez Corporation issues 13,000 shares of its common stock for $130,900 cash on February 20.Prepare journal entries to recor
    10·1 answer
  • Dewy, a fruit juice manufacturer, offers its retail accounts a $3.00 per case discount on all purchases of cranberry juice durin
    5·1 answer
  • LO 6.5Product costs under variable costing are typically:
    6·1 answer
  • A synchronous manufacturing system does not have excess capacity throughout the system, except for the bottleneck.
    11·1 answer
  • What is the nature of DENEL​
    10·2 answers
  • Metro Corporation will spend $1 million for special manufacturing equipment. Shipping and installation charges will amount to $1
    11·1 answer
  • Fiscal policy that focuses on shifting the long-run aggregate supply curve to the right is _____ policy. contractionary mandator
    15·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!