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3 years ago

When the current price of an item is greater than the item's market clearing price:_________.

Business

1 answer:

irina1246 [14]3 years ago

4 0

Answer:

C) quantity supplied is greater than the quantity demanded.

Explanation:

We need not be confused, the market-clearing price is referring to the equilibrium price. Thus, if the current price is above the market-clearing price (that is, the price at which quantity demanded equals quantity supplied), it means the quantity supplied is greater than the quantity demanded of the item.

For example, at a price of $1 per orange, there's an equal amount in quantity demanded and quantity supplied of orange. However, the price increases to $2 per orange; which makes the current price of an orange greater than the market-clearing price of $1.

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"When a company recognizes that the needs of one market segment is not the same as another and accordingly customizes its produc

devlian [24]

Answer:

The correct answer is letter "C": differentiation strategy.

Explanation:

After a company has conducted a market segmentation classifying customers by age, gender, income, location and some other features, the firm must decide if focusing in one single market or if its resources allow them to conduct operations in more than one.

When the entity decides in which markets their production processes will be focused on the differentiation strategy is implemented. With this approach, the company uses the information obtained from the market segmentation to create goods or services tailored to consumers' needs attempting to provide a product that better matches their needs.

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2 years ago

Which of the following typically happens as prices for a good or service rises?a. suppliers leave the marketb. consumers seek mo

Luba_88 [7]

Answer:

The correct answer is option D.

Explanation:

As the price of product increases the consumers will demand less because they now have to pay more than earlier.

The supply however is directly related to price level and will increase with the increase in price. The producers will produce more in order to enjoy higher revenue and profit.

This would encourage the other potential firms to enter the market, to earn higher profits.So more suppliers will enter the market.

However, this would lead to increase in supply of output. The excess supply will cause the price to fall eliminating higher profits.

5 0

3 years ago

A firm that must invest in new information systems capabilities in order to comply with federal legislation is investing to achi

Juliette [100K]

Answer:

A) Survival

Explanation:

Survival is a term business objective where businesses strive to continue to exist. As seen in this scenario, businesses will try to comply with regulations and rules in order to survive. Otherwise they could be discontinued because of non-compliance. This demonstrates the survival business objective.

8 0

3 years ago

In the market for beef, the price of a pound of beef falls Explain the effect of this event on the quantity of beef supplied and

Lera25 [3.4K]

Answer:

E. The quantity of beef supplied decreases and the supply of beef is unchanged.

Explanation:

In the market for beef, the price of a pound of beef falls. The effect is "the quantity of beef supplied decreases and the supply of beef is unchanged. The reason is that any price change of the product will not shift the demand or supply but changes the quantity supplied.

5 0

2 years ago

Colliers, Incorporated, has 100,000 shares of cumulative preferred stock outstanding. The preferred stock pays dividends in the

VladimirAG [237]

a. The amount that will go to the preferred stockholders is $400,000.

b. The amount of the declared dividend that will be available for common stock dividends is $200,000 ($600,000 - $400,000).

Data and Calculations:

Cumulative Preferred Stock Outstanding = 100,000 shares

Dividends per share = $2

Cumulative Preferred Dividend last year = $200,000 (100,000 x $2)

Preferred Dividend this year = $200,000 (100,000 x $2)

Total preferred dividend to be paid this year = $400,000

Thus, the Preferred Stockholders will be paid $400,000 ($200,000 for last year and $200,000 for this year).

Learn more: brainly.com/question/24297088

6 0

2 years ago