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]
2 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]2 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
How will a reduction in the price of cotton (a key resource to make jeans) influence the market for blue jeans?
Savatey [412]

Answer:

d. The cost of producing blue jeans will fall, and the supply curve for blue jeans will shift to the right

Explanation:

If the price of cotton falls, the cost of producing blue jeans would fall. As a result of the fall in the cost of production, more producers would be attracted to the industry and production would increase. Increase in supply of blue jeans would shift the supply curve to the right.

I hope my answer helps you

5 0
3 years ago
Summarize the effect of credit card interest on thermal cost of items
Mice21 [21]

Answer:

Interest Rates

<em>The first factor is the most obvious: the interest rate. Naturally, a low rate will cost you less—our numbers indicate a $10,000 balance with a 5.9% interest rate will cost $10,637 in total if paid off in 2 years.</em>

<em>That may not sound too bad, but bear in mind that 5.9% interest is extraordinarily difficult to get these days. Even people with excellent credit scores will likely pay “double digit” interest rates of over 10%. And if you’re paying a more typical 12.9% in interest on that same $10,000, you’ll pay a total of $12,797 over the same 2 years.</em>

Hope I Helped

<u><em>From Google</em></u>

3 0
3 years ago
The decision-making themes covered in Business Analytics: Data Analysis &amp; Decision Making include which of the following?
MatroZZZ [7]

Answer:

B. Optimisation techniques.

Explanation:

You need this techniques because there's gonna be tons of data, and you need to filter, to follow a principal objective to focus in one point at the beginning. You need to optimize your processes.

5 0
3 years ago
The service sector is important for all of the following reasons EXCEPT Select one: A. services make an important contribution t
ioda

Answer:

Answer letter C.

Trade in service can provide traditional and new export opportunities

6 0
3 years ago
The Cromwell Company sold equipment for $35,000. The equipment, which originally cost $120,000 and had an estimated useful life
Alla [95]

Answer:

B

Explanation:

Original Cost -$120,000

Useful life -10 years

Residual Value - $20000

Annual depreciation - $(120,000-20000)/10 = $10,000

Accumulated depreciation for 4 years = 10*4= $40000

Book value at disposal = $120,000-$40000= $80000

Sales value = $35,000

Loss on disposal = $80,000-$35000= $45,000

5 0
3 years ago
Other questions:
  • A good or service is said to be scarce when:
    15·1 answer
  • Overnight loans from one bank to another for reserve purposes entail an interest rate called the
    6·1 answer
  • A manufacturer creates massive demand for its new plastic sandal and greatly increases its production level. Over time, its high
    9·1 answer
  • At the end of its first month of operations, JMP Consulting reported net income of $25,000. They also had account balances of: C
    11·1 answer
  • Rhys Hoskins is the president of RH Corporation (RHC). RHC has provided the following partial listing of costs incurred during A
    12·1 answer
  • Office Depot has instituted the Office Depot Advantage, a program in which a customer who spends a minimum of $200 up to $299 in
    10·1 answer
  • What is SEO?
    15·1 answer
  • Which of the following is an acceptable way of learning the skills necessary to
    10·2 answers
  • _____ are different, even within the same job. A. Occupations b. Workplaces c. Careers d. Interest rates Please select the best
    15·1 answer
  • Al is participating in a research study on his smartphone. This is an example of _______ marketing research.
    6·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!