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jolli1 [7]
3 years ago
7

What will happen to the price of candy on November 1, if there were a huge storm in the area and it didn't allow for shopping in

the days leading up to (and the day of) Halloween? A) The price would not change. B) The price would fall to move the excess supply of candy. C) The price would rise to make up for the loss of profits. D) There is not enough information to make a determination.
Social Studies
1 answer:
andrew-mc [135]3 years ago
6 0

The correct answer is B.

In a excess supply situation like the one described, the quantity available of a certain product is larger than the amount that consumers demand of it. The market will tend to move back towards the equilibrium, to an scenario in which demand and supply and therefore, the desires of consumers and producers, meet again.

When the price goes down, according to the law of demand (this law states that if the prices is modified, the quantity demanded will change in the opposite direction), more people will be willing to purchase candy at a relatively lower price and more people will be able to afford it. Therefore,  quantity demanded increses. The prices will continue on the same downward tendency until demand and supply meet.

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<h3>What do you mean by the term variability?</h3>

The degree to which the data points in a statistical distribution or data collection deviate from the average value and from one another is virtually by definition the measure of variability. This most frequently refers to the erratic nature of investment returns in financial terms. Professional investors' unpredictability of investment place equal importance on knowing the returns as they do on understanding the value of the returns themselves. Investors believe that a high degree of return fluctuation entails a high level of risk. Investors, therefore, expect a bigger return from assets with more return variability, like equities or commodities, than they could from assets with lower return variability, like Treasury bills.

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3 years ago
Quote where antony asks to speak at caesars funeal
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3 years ago
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In the context, as the students in the class of Mr. Enzor does not understand how to compare and interpret their scores of the test, they can convert their score to the nine point scale and can compare all the scores to that. Darby's score is 9, so she is ranked the highest in terms of Stanine scores as the highest point is 9 in a stanine scale.

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