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
mel-nik [20]
3 years ago
10

How does a market surplus affect prices and consumer demand for a product?

Business
1 answer:
s2008m [1.1K]3 years ago
8 0

Answer

<u>Market surplus will lower the prices for goods and increase the consumer quantity demand for the products.</u>

Explanation

A market surplus is when there is excess supply. The quantity supply in this case is greater than the quantity demanded. Producers will be faced with a hard time to sell all their goods. This will make them lower their prices to make their products more appealing to consumers. Firms will also have to lower market prices in order to stay competitive. In response to the reduced prices, consumers will increase the quantity demanded thus moving the market to an equilibrium price and quantity. This is a case where excess supply has exerted a downward pressure on the prices of the products.



You might be interested in
true or false: Quality function deployment (QFD) allows people to see how aspects of their products and services relate to custo
Marta_Voda [28]

Answer:

False

Explanation:

QFD is the process by which the opinions or wants of customers are used to create products that meets the needs f consumers

8 0
3 years ago
Elisa was involved in three auto accidents this year. Even though none was her fault, her insurance company increased her rates.
Ket [755]

Your insurance carrier might have to raise your rates to pay for the vehicle's damage or medical if a person involved needs it.

5 0
3 years ago
What are some of the major complexities encountered in developing cooperative strategies such as strategic alliances and joint v
____ [38]

Strategic alliances are generally meant to increase the business strength. Most of the cooperative strategies aim at drawing upon the individual strengths of partners to be more competitive as a single unified unit.

There are a lot of  challenges in getting cooperative strategies to work as envisaged during the planning phases. When corporate companies seek cooperation strategies, the hindsight which comes is that most of them compete against each other).

Hence, it is  natural that such companies will seek to fulfill their interests first before considering the interests of their partnerships. Then, some companies seek cooperative partnerships with partners who are already having other collaborators.

It  also follows that such cooperation lacks commitment. There is also a lack of detailing the operational structure by which operational strategy will be a great success.

To know more about Strategic alliance here:

brainly.com/question/14014533

#SPJ4

5 0
1 year ago
Any unamortized discount is reported a.in the Stockholders' Equity section of the balance sheet. b.as a deduction to the face am
xeze [42]

Answer:

Option B                      

Explanation:

The un-amortized debt discount can be defined as the difference between both the interest of a bond — the value of the bond at redemption — and the profits from the issuing company's sale of the bond, less than the amount currently amortised on the statement of profit and loss.

The authorizing agency may either agree to pay the full amount of the rebate or view the discount as a profit to be amortized. Some amount which has yet to be spent is alluded to as the reduction for un-amortized bonds.

3 0
3 years ago
Anyone has documents about the increasing importance of global production networks in the textile and clothing industry?
svetoff [14.1K]

Answer:

The Global Textile and

Garments Industry:

The Role of Information

and Communication

Technologies (ICTs)

in Exploiting the

Value Chain

Information and Communication

Technology (ICT) has an important role

to play as developing countries adjust

to the new era. These opportunities will

derive from the ability of ICTs to open

up parts of the supply chain (other than

basic manufacturing and processing)

to developing countries. This report

presents case studies of companies that

have successfully used ICTs to move,

for example, into higher-value activities

such as design and logistics, or to

access niche markets

4 0
2 years ago
Other questions:
  • At the end of January, Mineral Labs had an inventory of 895 units, which cost $12 per unit to produce. During February the compa
    14·1 answer
  • Procter &amp; Gamble makes Tide, Cheer, Ivory Snow, and Bold detergents as well as PertPlus, Rejoice, and Vidal Sassoon shampoos
    6·1 answer
  • Suppose the world price of cotton falls substantially. The demand for labor among cotton-producing firms in Texas will ______. T
    9·1 answer
  • Branch Corporation issued $12 million of commercial paper on March 1 on a nine-month note. Interest was discounted at issuance a
    6·1 answer
  • Economists say that individuals make decisions at the margin. What does its menas?
    7·1 answer
  • When a scientific study on the harmful effects of a particular food preservative was published, Ultimo Foods, a popular potato c
    15·1 answer
  • What is considered a liability in finance and why is it being used?
    10·2 answers
  • S= (1+r)c. find c if s=174 and R<br> =455
    10·1 answer
  • Alejandro works nights at a restaurant. His job is to prepare drinks for customers. He serves drinks directly to customers who s
    15·2 answers
  • The production department in a process manufacturing system completed 80,000 units of product and transferred them to finished g
    12·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!