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
stira [4]
3 years ago
13

Suppose that the price of wheat is above its equilibrium price. You would expect to see __________- A) an increase in quantity d

emanded because of the high price. B) a leftward shift of the demand curve because of the high price. C) sellers begin to lower their prices because of the surplus of wheat.D) a shortage on the market that causes prices to increase further
Business
1 answer:
disa [49]3 years ago
8 0

Answer:

The correct answer is letter "B": a leftward shift of the demand curve because of the high price.

Explanation:

The equilibrium price represents the point at which buyers' demand and sellers supply face each other because both parties' needs are satisfied. If the price of a given product is higher than the equilibrium level, the quantity demanded is likely to decrease which directly implies a leftward move in the demand curve.

You might be interested in
Why can’t businesses afford all of the factors of production all of the time?
gtnhenbr [62]

Answer:

ptaa ni...xdxdxdxdxd

6 0
3 years ago
Read 2 more answers
Which of these factors is an advantage to using cash?
larisa86 [58]

Answer:

B no fees or charges

Explanation:

Your welcome

6 0
3 years ago
Read 2 more answers
Over the last week, you had 50 customers who bought a total of 40 hotdogs at $2.00, 10 grilled cheeses at $4.00, and 5 cheesebur
kobusy [5.1K]

$3.20

Take the total sales divided by total customers.

Sales of hotdogs 40* $2 = $80

of grilled cheese 10* $5 = $50

of cheeseburgers 5 * $6 = $30

Total sales $160/50 customer = $3.20/per customer

4 0
3 years ago
Mo has a credit card that gives a 3% discount on every purchase. The annual percentage rate on the card is 12%. He is purchasing
Luden [163]

Answer:

If Mo pays cash, the cost of the purchase will be $140.

If Mo uses the credit card and pays the full balance during the billing cycle, the cost of the purchase will be $135.80.

Explanation:

If Mo pays cash, it implies that she does not get the 3% discount she is entitled to, with the use of her credit card.  Therefore, she will bear the full cost.  However, if she uses the credit card, the discount is $4.20 ($1540 * 97%) and she will pay only $135.80 as the discounted price of the electronic reader.

5 0
3 years ago
Read 2 more answers
An apprentice involves _____
Iteru [2.4K]

Answer:

the answer is a

Explanation:

An apprentice is someone following the in print 18 around and doing what they're doing just less important things

7 0
3 years ago
Read 2 more answers
Other questions:
  • Wilson is currently operating at maximum capacity. The firm has a net income of $2,250, total assets of $24,600, long-term debt
    14·1 answer
  • A purchaser of the assets of a business must allocate the purchase price to the individual assets in accordance with the written
    8·1 answer
  • Dollar-cost averaging means that you buy equal dollar amounts of a stock every period, for example, $500 per month. The strategy
    10·1 answer
  • g Automatic stabilizers a. increase the problems that lags cause in using fiscal policy as a stabilization tool. b. are changes
    14·1 answer
  • In order to achieve trust in supply chain relationships, there must be a perception of fairness and justice from all supply chai
    12·1 answer
  • What most likely resulted after the U.S. Poured resources into stopping the spread of communism after World War II? * 1 point U.
    14·1 answer
  • You will die when you poop in the bed
    9·2 answers
  • Universities A and B are substitutes in the minds of many college students. Initially the student tuition at each university is
    5·1 answer
  • In the short run, the quantity of output that firms supply can deviate from the natural rate of output if the actual price level
    15·1 answer
  • What is the amount of government revenue after the government imposes the excise tax on the market?
    10·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!