Answer:
$30,000 is the correct answer.
Explanation:
Answer:
b. surpluses of the commodity will develop.
Explanation:
The equilibrium price is the intersection of the demand and supply curve. At this price, the quantity demanded matches the quantity supplied. There are surplus or shortages in the market.
When the price is set above the equilibrium point, it means the product or service will be too expensive for many buyers to afford. A high price results in reduced demand. If supply is constant, and the demand has declined, the market will experience a surplus of that commodity. Should the price go below the equilibrium point, there would be an increase in demand, causing a shortage of that product.
Answer: Trade deficit
Explanation: In simple words, trade deficit is the excess of a country's imports over its exports. The excess of imports means the country has done expenditure more than it has made revenue. This is seen as a negative sign for an economy. The trade deficit is usually calculated for one financial year.
Hence, from the above we can conclude that the answer to the given problem is trade deficit.
Answer:
recurrent decision
Explanation:
In such a scenario, it was most likely built for a recurrent decision. This is because a DSS stands for a decision support system and is an information system that supports organizational decision making as well as many business activities in order to allow a company to improve the overall quality, reliability, and efficiency of their work through recurrent decisions.
