Which term describes the seller's ability and desire to sell goods and services.A. supply

2 answers:

7 0

Out of the following choices given, the term that describes the seller's ability and desire to seel good and services is called demand. The answer will be B.

Korolek [52]3 years ago

7 0

Answer: B. demand

Demand describes the seller's ability and desire to sell goods and services.

Explanation:

Demand refers to the quantity of goods (products) and services which a consumer is willing and able to buy from a seller at a given price over a specific period of time. It is the purchasing power of a consumer to purchase a given product at a given price. An increase in the price of a product or service will cause a decrease in the quantity demanded while a decrease in the price of a product or service will cause an increase in the quantity demanded.

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The checkbook of Vance Company had a balance of $2,210.55. The bank statement showed a balance of $4,918.18. The bank collected

Vikentia [17]

Answer:

$4,332.89

Explanation:

The adjusted reconciled checkbook balance will include:

checkbook balance $2,210.55

+ bank collect note $2,000.00

- fee for collecting the note ($5.00)

+ earned interest $42.33

+ difference in recording a check $400 - $300 = $100

- banking service charge ($14.99)

total = $4,332.89

6 0

3 years ago

True or False: A price ceiling below $25 per box is not a binding price ceiling in this market. True False Because it takes many

jeyben [28]

Answer:

1. False

2. Shortage; Larger

Explanation:

1. A binding price ceiling is one that prevents the market from reaching its equilibrium. In this market, the equilibrium price is $25 therefore anything below $25 will be binding. A price ceiling below $25 per box is a binding ceiling.

2. Assuming that the long-run demand for oranges is the same as the short-run demand, you would expect a binding price ceiling to result in a shortage that is larger in the long run than in the short run.

In the long run, supply is more sensitive because farmers can decide to plant oranges on their land, to plant something else, or to sell their land altogether.

This means that a price ceiling in the long run will be less attractive to farmers so they might leave the market. If they do this then the shortage will be more as there are now less supplies in the market.