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3 years ago

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.

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boyakko [2]

Answer:

MORE| JOBS RISES THE MORE INCOMES.

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Explanation:

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3 years ago

How are tornadoes formed?

alina1380 [7]

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2 years ago

Your girlfriend just won the Florida lottery. She has the choice of $15,000,000 today or a 20-year annuity of $1,050,000, with t

Makovka662 [10]

Answer:

3.44%

Explanation:

For this question we use the RATE formula that is shown on the attachment

Data provided in the question

Present value = $15,000,000

Future value or Face value = $0

PMT = $1,050,000

NPER = 20 years

The formula is shown below:

= Rate(NPER;PMT;-PV;FV;type)

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So, after solving this, the rate pf the return is 3.44%

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2 years ago

On a shopping trip, Melanie decided to buy a light blue coat made from woven fabric. A tag on the coat stated that the price wa

Mekhanik [1.2K]

Answer:

The correct answer is option B.

Explanation:

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When she brought the coat to the store's sales clerk, Melanie was told that the coat was on sale, and she would pay 20 percent less than the price on the tag.

She got a discount worth $15.99.

The consumer surplus, in this case, will be at least $15.99.

This is because the consumer surplus is the difference between the price the consumer is willing to pay for a good and the price he/she actually pays.

Melanie paid $15.99 less than the price but she may have been willing to pay more than the initial price. So the consumer surplus will be at least $15.99.

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3 years ago

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Ivanshal [37]

Paul Rodriguez who is the President of WV Railroad will need to rely primarily on his <u>Conceptual skills </u>to combat the challenges faced by his organization.

<h3>What are Conceptual Skills?</h3>

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Conceptual skills also include the capacity to recognize and solve challenges. These abilities enable Presidents or managers of an organization to assess events and devise alternate strategies.

For Paul Rodriguez to combat the challenges faced by his organization, He needs to focus primarily on his conceptual skill as it gives him the ability to:

Make swift judgments.
Think critically and
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Learn more about conceptual skills here:

brainly.com/question/4382381

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2 years ago