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stiv31 [10]
3 years ago
14

If, at the current price, there is a shortage of a good, then a. sellers are producing more than buyers wish to buy. b. the mark

et must be in equilibrium. c. the price is below the equilibrium price. the. quantity demanded equals quantity supplied
Business
2 answers:
goldenfox [79]3 years ago
3 0

Answer: Option c

Explanation: The production by the producers for availability in the market is knows as the supply function in economics. And the amount of goods that the consumers are willing to buy at a given price is the demand function.

Thus, if there is a shortage of good in the market it means the price charged by the suppliers is below the equilibrium level.Therefore, the consumers who actually do not need it are demanding the product.

Hence we can conclude that the right option is C.

Ainat [17]3 years ago
3 0

Answer:

"C"

Explanation:

Equilibrium price is the market price where the quantity of goods supplied is the same as quantity produced . It is graphically represented as the point of intersection between the supply and demand curve.

In a situation where the quantity supplied differs from the quantity produced , it means that the price is not in equilibrium , it is either it is set above or below equilibrium.

At above equilibrium , there will be excess of goods but while at below equilibrium , there will be shortage

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Giancarlo has received an inheritance from his rich uncle and is contemplating the purchase of a Suzuki XL7. In an attempt to ma
Natali5045456 [20]

Answer:

$17,122

Explanation:

As for the details provided it is obvious that Giancarlo will either buy Suzuki XL7 or will continue with the old car.

In case of buying Szuki XL7 he will sell the old car.

And all the amount received from such sale will be utilized in buying the new car.

Initial investment = Net amount to be paid for acquisition, but do not include any future maintenance amount.

The amount shall be:

Negotiated price + Taxes - Amount from sale of old car

= $24,675 + $1,732 - $9,285 = $17,122

7 0
3 years ago
The parents of a child diagnosed with Tay-Sachs inquire about progression of the disorder. Which statement by the nurse is accur
Anit [1.1K]

Answer:

The correct answer is <em>The child will experince decreased muscular and neurologic functioning until death occurs</em>.

Explanation:

Tay-Sachs disease is a rare degenerative disease that affects the brain and central nervous system and is hereditary, autosomal recessive (more common in descendants of Hebrews).

It is one of the diseases by lysosomal deposition. Individuals who suffer from it are unable to produce a lysosomal enzyme called hexosaminidase-A that participates in the degradation of gangliosides, a type of sphingolipid, that accumulate and degenerate to the central nervous system. It is included within lipidosis or lipid storage diseases.

5 0
3 years ago
The annual demand of product Y is 1908 units. The ordering cost is $45 per order. Holding cost is $15 per unit per year. Calcula
Flauer [41]

Answer:

Option E

The annual ordering cost is more than $1150

Explanation:

The ordering costs include all the clerical, administrative and transportation costs associated with placing an order.

Annual ordering cos = ordering cost per order × number of order

No of order = Annual demand/order quantity

                   = 1908/67= 28.47 orders

Annual ordering cost = 28.47× 45= $1281.49

Annual ordering cost =$1281.49

The annual ordering cost is more than $1150

3 0
3 years ago
A recent income statement of Suni Corporation reported the following data:
tamaranim1 [39]

Answer:

E. 12,500 units

Explanation:

Contribution margin = Sales - Variable cost = $6800000 - $2800000 = 40,00,000

Contribution margin per unit = 4000000/20000 = $200 per unit

Break-even Point = Fixed cost/Contribution margin per unit = $2500000/$200 = 12500 units

7 0
3 years ago
On December 31, Leann Corp. paid $5,120 on an installment note that requires annual payments. The outstanding loan balance on Ja
OleMash [197]

Answer:

Dr Interest expense  $4,000

Dr Notes payable      $1,120

Explanation:

The $5,120 repaid comprised of both interest and principal repayments,hence there is need for the amount to be split into the two appropriate accounts.

The interest payable on the loan on yearly basis ,based on the outstanding loan balance of $50,000 is $4,000(8%*$50,000),hence the balance of $1,120($5,120-$4,000) represents the actual repayment of principal,as a result the notes payable account should be debited with $1,120.

3 0
4 years ago
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