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
pshichka [43]
4 years ago
10

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

Business
1 answer:
irina1246 [14]4 years ago
4 0

Answer:

<u>C) quantity supplied is greater than the quantity demanded.</u>

<u>Explanation:</u>

We need not be confused, <em>the market-clearing price is referring to the equilibrium price. </em>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 <u>quantity supplied</u> is <em>greater</em> than the<u> quantity demanded</u> 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.

You might be interested in
Activity rates from Quattrone Corporation's activity-based costing system are listed below. The company uses the activity rates
MrRissso [65]

Answer:

The correct answer is B.

Explanation:

Giving the following information:

The company uses the activity rates to assign overhead costs to products:

Processing customer orders $96.63 per customer order

Assembling products $2.45 per assembly hour

Setting up batches $58.89 per batch

Last year, Product F76D involved 9 customer orders, 436 assembly hours, and 26 batches.

Allocated overhead= 9*96.63 + 436*2.45 + 26*58.89= $3,469.01

4 0
4 years ago
On September 18, 2019, Rose Company purchased 11,800 shares (14%) of Wozniak, Inc. stock for $42 per share. The market value of
wolverine [178]

Answer:

24

Explanation:

8 0
3 years ago
All of the following would be found in a bond resolution for a new municipal issue except A) the issuer's obligations to bondhol
lys-0071 [83]

Answer:

C) the costs to be incurred by the issuer in connection with the offering.

Explanation:

The bond resolution (or the bond contract) spells out the characteristics of the issue (maturities, call features, etc.), the issuer's responsibilities to bondholders, and any restrictive covenants to which the issuer must adhere. Costs to be incurred by the issuer have no impact on bondholders.

hope this helps have a nice day :)

6 0
3 years ago
In the last few decades the car manufacturing sector has found it difficult to compete with foreign car imports. High labor cost
vladimir2022 [97]

Answer: c. It could allow real wages to downwardly adjust more easily.

Explanation:

When there is modest inflation, companies in the car manufacturing industry can simply decide not to increase nominal wages. This would lead to a fall in real wages as inflation would ensure that the nominal wages are less than they were worth before.

This decrease in real wages will allow the companies in the industry to reduce labor costs in real terms and become more competitive with the foreign manufacturers.

3 0
3 years ago
Albright Motors is expected to pay a year-end dividend of $3.00 a share (D1 = $3.00). The stock currently sells for $30 a share.
quester [9]

Answer:

g = 6%

so option c is correct

Explanation:

given data

dividend D = $3.00

sells = $30  

rate = 16%

to find out

what is g choose correct option

solution

we know here rate of return is express as

rate of return = D / S  + g   .............1

put here value in equation 1

rate 16% , D is dividends and S is sells

so

rate of return = dividend / sells + g

16% = 3 / 30 + g

g = 0.16 - 0.10

g = 0.06

g = 6%

so option c is correct

3 0
3 years ago
Other questions:
  • "During the period, labor costs incurred on account amounted to $175,000, including $150,000 for production orders and $25,000 f
    13·1 answer
  • What might a small business owner do to make sure HR function was preformed?
    11·1 answer
  • An investment that you are considering promises to pay $2000 semiannually for the next two years, beginning six months from now.
    7·1 answer
  • Are corporations good or bad
    6·2 answers
  • The manager of a consumer products firm said, "We use the brand manager position to train future executives." Why do you think t
    7·1 answer
  • Rita is considering a new career. Based on her previous experience, Rita knows that she needs to be organized and she enjoys bei
    11·3 answers
  • DM Corporation has provided you with the follwing budgeted income statement for one of its products:
    10·1 answer
  • Which country in the world consumes the most coca-cola per capita?
    11·1 answer
  • Create a hypothesis for why homeowners insurance continues to increase
    5·1 answer
  • a finance jounral published a study of whether the decison to invest in the stock market is dependent on IQ
    14·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!