Answer:
The correct answer is letter "A": imperfect information; thin market.
Explanation:
Liquid markets are those with enough buyers and sellers that keep the balance of supply and demand. The opposite of that scenario is represented by thin markets because they have whether a few buyers or a few sellers.
Thin markets are mostly caused by imperfect information allowing only a reduced number of buyers or sellers having enough resources to correctly make transactions. Price spreads are usually larger in thin markets.
Answer and Explanation:
The rightward shfit in the curve is based on the assumption that the pay raise will be incorporated into the price of the ticket. As the price of the ticket increases, the demand will decrease and shift the demand curve to the right.
Answer:
$133,000
Explanation:
Computation to determine the amount of Seldin's cash payments for purchases of merchandise during the current year
First step is to calculate the Purchases during the year
Beginning ($51,000)
Cost of goods sold $130,000
Ending $55,000
Purchases during the year $134,000
Now let calculate the amount of Seldin's cash payments for purchases of merchandise
Beginning payable $32,000
Purchase during the year $134,000
Less Ending payable ($33,000)
Cash payments for purchases of merchandise $133,000
Therefore the amount of Seldin's cash payments for purchases of merchandise during the current year is $133,000
Answer:
Level of sales
Explanation:
Estimated sales units are based on the level of sales already made.
This is because, in business, estimated sales can be predicted or discovered based on demand of those particular products.
Therefore, if a product is in high or low demand, then an estimated sales unit can be made based on this information.