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4 years ago

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:

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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Answer:

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Explanation:

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3 years ago

What type of organization provides the liability advantages of a corporation, without the regulations corporations must deal wit

34kurt

Answer:

LLC

Explanation:

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3 years ago

Brownley Company has two service departments and two operating (production) departments. The Payroll Department services all thr

Fittoniya [83]

Answer:

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Explanation:

Note: The data in the question are merged together and they are first sorted and separated as given in the attached file before the question is answered.

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Total Maintenance Cost = $25,500 + $4,080 = $29,580.

Therefore, he total cost of operating the Maintenance Department for the current period is d. $29,580.

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3 years ago

many electronics sold in the United states are imported from Taiwan because Taiwan can produce more efficiently than companies i

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