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
Aleks [24]
3 years ago
7

When supply and demand meet at the equilibrium point, prices in the market will:____________.

Business
1 answer:
wolverine [178]3 years ago
5 0
Prices in the market would Lower the price
You might be interested in
Consumers in Georgia pay twice as much for avocados as they do for peaches. However, avocados and peaches are equally priced in
Ugo [173]

Answer: Explanation:

The marginal rate of substitution of peaches for avocados is the maximum amount of avocados that a  person is willing to give up to obtain one additional peach. When consumers maximize utility, they set their MRS equal  to the price ratio,  Pp/PA

where ,

P p  is the price of a peach and

PA is the price of an avocado.

In Georgia,  avocados cost twice as much as peaches, so the price ratio is ½ , but in California, the prices are the  same, so the price ratio is 1. Therefore, when consumers are maximizing utility (assuming they buy  positive amounts of both goods), the marginal rates of substitution will not be the same for consumers  in both states. Consumers in California will have an MRS that is twice as large as consumers in Georgia.

4 0
3 years ago
Under what circumstances might a long-term strategic alliance with a key supplier enable a company to capture most of the benefi
denpristay [2]

Answer:

It would be better to enter a new business area by acquisition when a company is considering implementing horizontal integration or when they are pursuing vertical integration and the company is lacking the distinctive competencies to establish a quick presence and reputation. Acquisition allows a company to purchase quicker than it takes to establish its own company that is similar. Also, acquisitions are less risky because there is less commercial uncertainty and the company is able re-search the turn get are interested and get have unpublished reputation, lastly, they are attractive because there are high barriers to entry

Explanation:

7 0
3 years ago
Purchasing power is a producer's ability to buy goods and services. answer true false
Black_prince [1.1K]
Having money with which to buy goods and services is called purchasing power
6 0
3 years ago
Gillstrap Promotions has projected the following values for the next three months:
alex41 [277]

Answer:

1.9058n n=15x x=17g g=5L

Explanation:

4 0
2 years ago
What was required to make plantation cash crops a source of wealth?
Kamila [148]
In order to make it a source of wealth it required slave labor 
6 0
3 years ago
Other questions:
  • Doss is vice president of marketing research for General Mills. The chefs at General Mills bring three new cookie recipes to Dos
    6·1 answer
  • Bank customers try to reduce uncertainty of using a service by drawing inferences from the ________, such as the design of the b
    6·1 answer
  • While working at a clothing store, rachel was asked by a customer if they had any "fresh" clothes. rachel remarked that this sto
    11·1 answer
  • LC Corp. has an old machine with operating costs of $164,200 per year and a net book value of $23,000. LC is looking at two repl
    14·1 answer
  • On December 15, 2021, Rigsby Sales Co. sold a tract of land that cost $3,500,000 for $5,000,000. Rigsby appropriately uses the i
    5·1 answer
  • Sam has two options this weekend. He could work at his job and earn $9/hour for three hours, or he could go to a show at the the
    9·1 answer
  • "Tom, at Bode Corporation we align our individual goals with the company's goals.
    11·2 answers
  • Carmel Corporation is considering the purchase of a machine costing $47,000 with a 7-year useful life and no salvage value. Carm
    7·1 answer
  • What is an approach for service firms trying to accelerate the creation of their own expert performers
    8·1 answer
  • The most rigorous test of a firm's ability to pay its short-term obligations is its?
    9·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!