1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Marta_Voda [28]
3 years ago
9

The equilibrium price of a good in market A is $24. The current price of the good in market A is $21. At this price, a(n) ______

__________________ of the good exists in market A.
Business
1 answer:
qwelly [4]3 years ago
7 0

Answer:

Excess supply as well as excess demand in market A

Explanation:

Equilibrium price is the price of the market, where the quantity of the goods supplied will be equal to the quantity of the goods demanded by the customers. The equilibrium price is determined by the intersect of the demand and the supply curve.

When the equilibrium price is $24, but the current price is $21, so, at this price, there would be supply and the demand in excess for the customers of the goods exist in the market A.

You might be interested in
"A process of closer integration and exchange between different countries and peoples worldwide, made possible by falling trade
liraira [26]

Answer:

Globalization

Explanation:

Globalization is the seamless exchange of goods, technology, idea, culture, e.t.c across national boundary which is highly facilitated by collapsing or eliminating artificial barriers which hitherto made trade and communication difficult of almost impossible.

Globalization provides a platform for international integration and global connectivity among individuals, firms  and government across international boundary.

8 0
3 years ago
What is the IRR for a project that costs $100,000 and provides annual cash inflows of $30,000 for 6 years starting one year from
ahrayia [7]

Answer:

A) 19.91%

Explanation:

Net present value of cash flow at 19.91% can be calculated as follows

- 100000 + 30000/1.1991 + 30000/ (1.1991)² + 30000/(1.1991)³ + 30000/ (1.1991)⁴ +30000/(1.1991)⁵ + 30000/ (1.1991)⁶

= -100000 + 25018 +20864 +17400 +14511 +12101 +10092

= 0 ( approx )

So  the IRR for the  project is 19.91 % .

8 0
4 years ago
What do you mean by public service?​
Inessa05 [86]

A public service is something provided by the government or another official entity for the benefit of all members of a society or community, such as health care, transportation, or garbage management.

Any service designed to meet the specific needs of the total population of a community is considered a public service. People who live in a government jurisdiction can access public services directly from public sector organizations or through public financing of private companies or nonprofits (or even as provided by family households, though terminology may differ depending on context). Other public services are provided on behalf of or in the best interests of the citizens of a government. The phrase refers to a social consensus .

Learn more about  public service here.

brainly.com/question/28161669

#SPJ1

6 0
2 years ago
Give two characteristics of a perfectly competitive market.
sergey [27]
1. a large number of buyers and sellers
2. an identical or a homogeneous product
7 0
4 years ago
The following labor standards have been established for a particular product:
swat32

Answer:

$2,430F

Explanation:

The formulae for labor rate variance is given as (Actual rate - Standard rate) × Actual hours worked.

Labor rate variance = (Actual rate - Standard rate) × Actual hours worked

Given that;

Actual rate = Actual total labor cost ÷ Actual hours worked

= $119,880 ÷ 8,100

= $14.8 per hour

Standard rate = $15.10 per hour

Actual hours worked = 8,100

Labor rate variance = ($14.8 - $15.10) × 8,100

Labor rate variance $2,430F

8 0
3 years ago
Other questions:
  • Indicate the correct term to each description of a financing agent, activity, setting, or instrument.
    13·1 answer
  • Bau Long-Haul, Inc., is considering the purchase of a tractor-trailer that would cost $302,820, would have a useful life of 7 ye
    6·1 answer
  • Questions Answered Incorrectly
    15·2 answers
  • Who pleads with big business to hire again in great depression?
    5·2 answers
  • Which of the following are main responsibilites employers have under OSHA's standards?
    7·1 answer
  • Eddie Falco went to a grocery store to buy his favorite brand of ice cream. However, the store was temporarily out of that brand
    13·1 answer
  • Take It All Away has a cost of equity of 11.17 percent, a pretax cost of debt of 5.32 percent, and a tax rate of 40 percent. The
    5·1 answer
  • Which of the following statements concerning a bank savings account is false? a. Deposits are insured for at least $100,000. b.
    9·1 answer
  • Harry created a mask-manufacturing corporation by contributing $1,000. He stayed as the sole shareholder and director of the cor
    8·1 answer
  • True or false: A potential consequence of an incentive system for factory workers is that workers who are rewarded solely on out
    13·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!