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Darina [25.2K]
3 years ago
15

At a price for which the quantity supplied exceeds the quantity demanded, a __________ is experienced, which pushes the price __

________ toward its equilibrium value
Business
1 answer:
I am Lyosha [343]3 years ago
6 0

Answer:

1-Shortage

2- fall

Explanation:

Shortage (there will not be enough goods available to meet the demand for them)

Fall (when supply exceeds demand, prices fall until equilibrium is reached, and demand equals supply)

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McCabe Manufacturing Co.'s budget at 8,000 units of production includes $40,000 for direct labor and $4,000 for electric power.
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Answer: variable costs of $49,500 and $23,000 of fixed costs

Explanation:

A flexible budget refers to the budget which adjusts to the volume levels of a company.

Based on the information given in the question, the variable cost will be:

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<u><em>Income Statement Imaging Services </em></u>

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