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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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Which of the following is an example of a firm’s derived demand? a. Workers with higher levels of education earn more, on averag
Mademuasel [1]

Answer:

c. A tractor manufacturer’s demand for assembly-line workers is inseparably linked to the supply of tractors

Explanation:

Derived demand is when the demand for a good, service or labour is as a result of demand for another good or service.

The demand for assembly line workers is as a result of demand for tractors. If there was no demand for tractors ,there would be no need to employ assembly line workers.

I hope my answer helps you.

7 0
3 years ago
Which of the following is not true of a corporation? a. It may buy, own, and sell property. b. It may sue and be sued. c. The ac
Ne4ueva [31]

Answer:

C. The acts of its owners bind the corporation.

Explanation:

Corporation in management can described as a group of an organization, this could be a company that carry out some specific role and are legally formed. Corporation may be formed because they want to be making gains or otherwise however, they posses their shareholders. It should be noted that a corporation may buy, own, and sell property, It may sue and be sued.

Therefore, from the question all the given options are true about corporation expect ""The acts of its owners bind the corporation. d. It may enter into binding legal contracts in its own name"".

8 0
3 years ago
During the month of March, Baker's Express purchased 10,000 pounds of flour at $1 per pound. The production department used 9,50
Paladinen [302]

Answer:

a.$1.00 dollars that is the answer

8 0
3 years ago
Assume a firm's production process requires an average of 80 days to go from raw materials to finished products and another 40 d
MaRussiya [10]

Answer:

(C) 110 days

Explanation:

The computation of the operating cycle is shown below:

= Average days of process from raw materials to finished products + another days before the finished goods are sold + average days of accounts receivable -  average days of accounts payable

=  80 days + 40 days + 70 days -  80 days

= 110 days

While calculating the operating cycle we add the inventory days, accounts receivable and deduct the account payable days.

6 0
3 years ago
Under the NASAA Statement of Policy, an agent of a broker-dealer that has discretionary authority would NOT be subject to the pr
denis-greek [22]

Answer:

The correct answer in the given situation is as follow:

A. customer consents in writing to each recommended transaction

Explanation:

NASAA:

It is known as The North American Securities Administrators Association which is such regulatory body that operates in North America, Canada and Mexico regarding small businesses, local communities and public funding.

  • According to the NASAA statement of policy, the agent of a broker-dealer can't use any discretionary authority until unless he has written consent from the client.
  • So, according to above statement, the broker dealer that has discretionary authority would not be subject to the prohibition on excessive trading of a customer account as long as the customer consents in writing to each recommendation transaction.
5 0
3 years ago
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