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rewona [7]
3 years ago
12

When quantity demanded exceeds quantity supplied at the current market price, the market has a shortage, and market price will l

ikely rise in the future to eliminate the shortage.
a. true
b. false?
Business
1 answer:
Alik [6]3 years ago
8 0
True.

However, the question should be clear it is a free market where market forces rule, therefore a shortage will cause some consumers to be willing to pay higher prices and producers will see benefit and revenue, thus producing more and resolving the shortage.
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Kraft, Inc. sponsors a defined-benefit pension plan. The following data relates to the operation of the plan for the year 2013.
Drupady [299]

Answer:

The amount of pension expense reported for 2013 is $330,000

Explanation:

In order to calculate the amount of pension expense reported for 2013 we would have to use and calculate the following formula according to the given data:

amount of pension expense reported for 2013= $250,000 + ($2,400,000 × 0.10) - ($1,600,000 × 0.10)

amount of pension expense reported for 2013= $330,000

The amount of pension expense reported for 2013 is $330,000

8 0
2 years ago
Walmart sells a bike that cost $100 to a customer for $250 cash. using a perpetual inventory system, the entry to record the sal
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1. Using a perpetual inventory system, the entry to record the sale for Walmart includes a debit to the <u>Cash account</u><u> </u>and a credit to the <u>Sales Revenue account</u> for $250.

2. The entry to record the cost of the sale under the perpetual inventory system includes a debit to the <u>cost of goods sold</u> and a credit to <u>Inventory</u> for $100.

<h3>What is the perpetual inventory system?</h3>

The perpetual inventory system can be differentiated from the periodic inventory system by the fact that perpetual inventory continuously updates the inventory value without relying on the physical inventory count.

Under this system, the cost of goods sold is <u>debited</u> and the inventory account is <u>credited</u>.

Learn more about the perpetual inventory system at brainly.com/question/25014592

3 0
2 years ago
In which of the following economic systems is the government's role greatest?
Fed [463]

Answer:

command has the government role

8 0
3 years ago
The work and/or assignments performed by employees are referred to as skills.<br><br> True<br> False
jeka94

I'd say that the answer is true

7 0
3 years ago
Read 2 more answers
Whenever there is a shortage at a particular price, the quantity sold at that price will equal:_____.
Luda [366]

Whenever there is a shortage at a particular price, the quantity sold at that price will equal <u>more than the quantity supplied at that particular price.</u>

<u />

Magnitude (how a lot) and multitude (what number of), the two primary types of portions, are similarly divided as mathematical and bodily. In formal terms, quantities—their ratios, proportions, order, and formal relationships of equality and inequality—are studied by using arithmetic.

Quantity, similar to variety, can be used for singular or plural nouns that you may depend on or degree. the principle distinction is that it is satisfactory to apply an amount whilst you're speakme approximately an inanimate object. but, there are instances wherein you may use quantity and wide variety interchangeably, especially whilst the noun is plural.

Quality is a judgment of how exceptional something or a person is. An example of best is a product that might not ruin without problems. An example of nice is a nicely-made product. diploma or grade of excellence.

Learn more about quantity here brainly.com/question/809966

#SPJ4

7 0
1 year ago
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