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3 years ago

When supply is higher than demand, prices will

Business

2 answers:

rewona [7]3 years ago

7 0

Answer:

fall until the demand rises.

Explanation:

I just took the test and I hope this helps.

Julli [10]3 years ago

3 0

Whenever supply is higher than demand prices will drop or lower

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What does the price elasticity of supply measure? Click or tap a choice to answer the question. how income affects spending the

Zolol [24]

You didn't put all the alternatives, but I understand economics and I know exactly that concept.

Supply price elasticity measures how price changes impact the supply of goods and services. If the elasticity of supply is elastic, it means that supply is very sensitive to price changes. If the price goes down even slightly, the supply of goods will fall sharply. If the price increases, even if little, the offer will increase much. Conversely, if supply is inelastic, price changes will have little effect on supply for the good. If the price goes down, there will be little impact on the supply of the good. If the price increases, there will also be little impact on supply.

4 0

3 years ago

Great Lake Glassware Company issues $ 1 comma 197 comma 000 of its 12%, 10minusyear bonds at 95 on February 28, 2018. The bond

Wewaii [24]

Answer:

Dr interest expense 74,812.50

Cr Cash 71,820

Cr Discount on bonds payable 2,992.50

Explanation:

the cash interest payments = principal x coupon rate x 1/2 (semiannual) =$1,197,000 x 12% x 0.5 = $71,820

since the bonds were sold at a discount, we must add the discount amortization = [($1,197,000 x 5%) / 10 years] x 1/2 = $5,985 x 0.5 = $2,992.50

total interest expense = $71,820 + $2,992.50 = $74,812.50

So the journal entry should be:

Dr interest expense 74,812.50

Cr Cash 71,820

Cr Discount on bonds payable 2,992.50

5 0

3 years ago

Walk Co’s average total assets are $200,000, net sales total to $100,000, and net income is $40,000. How much net income did Wal

kupik [55]

Answer:

$0.20 or 20 cents for every dollar invested as assets

Explanation:

To determine how many dollars (or cents) of net income did Walk Co. generate for every dollar of assets invested we have to;

divide Walk Co.'s net income by its total assets = $40,000 / $200,000 = $0.20 or 20 cents. This is called the

6 0

3 years ago

Refer to the diagrams. The numbers in parentheses after the AD1, AD2, and AD3 labels indicate the levels of investment spending

FrozenT [24]

Answer:

Decrease the money supply from $120 to $100

Explanation:

If the monetary authorities reduces aggregate demand from AD3 to AD2, money supply decreases from $120 to $100. This decrease will cause a decrease in consumer spending. There will be a reduction of price levels and real output.

This is also called contractionary monetary policy and it causes interest rate to be higher there by reducing investments.

4 0

3 years ago

Read 2 more answers

In 2019, RayeAnn acquires a car for $14,000. She uses the car in her advertising business and for personal purposes. Her records

kirill [66]

Answer:

Deductible depreciation = $2,660

Explanation:

Given:

Amount of car = $14,000

Personal use = 30%

Business use = 70%

Total depreciation = $3,800

Deductible depreciation = ?

Computation of Deductible depreciation:

Deductible depreciation = Total depreciation × Business use percentage

Deductible depreciation = $3,800 × 70%

Deductible depreciation = $2,660

5 0

3 years ago