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3 years ago

In the short-run, if there is a surplus in the market for a product, the rationing function of price can be expected to cause:

Business

1 answer:

Diano4ka-milaya [45]3 years ago

5 0

Option D

In the short-run, if there is a surplus in the market for a product, the rationing function of price can be expected to cause: a decrease in the market price of the product.

<h3><u>Explanation:</u></h3>

When quantity provided surpasses quantity required, a surplus endures. If the value goes up, the amount of necessitated goes downward. If the price drops, the quantity required raises. Price ceilings limit a price from growing beyond a particular level.

When a price ceiling is fixed under the equilibrium price, the amount required will pass quantity fulfilled, and excess demand or deficits will result. Price floors block a price from dropping below a reliable level. When a price floor is fixed beyond the equilibrium price, the measure supplied will exceed the quantity needed, and excess stock or surpluses will happen.

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Answer:

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goldfiish [28.3K]

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valkas [14]

The answer would be B

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Read 2 more answers

The percent change in multifactor productivity if Fok can reduce the energy bill by $1,000 per day without cutting production o

marishachu [46]

Answer:

The answer is "2.45%".

Explanation:

The answer of option c:

Reduce power by 950 dollars:

In this question it will need to once again take the latest energy cost for analytical hierarchical productivity.

→ Total Input $= 400 \times 12+21000 \times 1 +(5000-950)+10000$

$= 4800 +21000 + (4050)+10000 \\\\ = 25800+4050+10000 \\\\ = 39850\\$

Consumer rates $= \frac{1,000}{39,850}$

$=0.0250$

Initial efficiency multi-factor= 0.0245

$\to \text{percentage changes} = \frac{\text{New Multi Factor Productivity - Previous Multi-Factor Productivity}}{\text{Originbal Multi-Factor Productivity}}$

$= \frac{(0.02450.0251)}{0.0245}\\\\ = 2.45 \ \ \%$

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