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3 years ago

Explain id there is excess supply or demand of goods at the equilibrium price and why? In sentences

Business

1 answer:

enot [183]3 years ago

8 0

Answer by YourHope:

Hi! :)

Question: Explain if there is excess supply or demand of goods at the equilibrium price and why?

Answer: Equilibrium is at the point where supply and demand meet and the prices are set. Since the price is set as a equilibrium, there won't be an excess to either, but if you set the price above equilibrium, you move away from equilibrium and have disequilibrium create excess supply or excess demand!

Have a BEAUTIFUL day~

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What cortex is the decision-making and planning center of consciousness

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Prefrontal cortex is the decision-making and planning center of consciousness.

<h3>What is prefrontal cortex?</h3>

The prefrontal cortex is said to be the seat of planning.

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Therefore, prefrontal cortex is the decision-making and planning center of consciousness.

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2 years ago

_____ is defined as the relationship between benefits and the sacrifice necessary to obtain those benefits.

Umnica [9.8K]

Answer:

(A). Customer value

Explanation:

<u>For a customer to obtain value or benefit from using a product, he or she must first make a sacrifice</u>, such as the amount of money spent or time taken to purchase the product.

Customer value refers to that <u>benefit the customer gets from using the product, compared to the sacrifice the customer makes to get it.</u>

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3 years ago

"You save $3,260.00 in a savings account earning a 3.55% APR compounded monthly. How much is the total interest earned by the en

sammy [17]

Answer:

$ 29.018 ( approx )

Explanation:

The amount formula in compound interest,

$A=P(1+r)^t$

Where,

P = principal amount,

r = rate per period,

t = number of periods,

Here, P = $ 3260.00,

Since, the amount is compounded monthly,

So, the number of periods in 3 months, t = 3,

Also, annual rate = 3.55 % = 0.0355,

So, the rate per month, r = $\frac{0.0355}{12}$ (∵ 1 year = 12 months)

Thus, the amount after 3 months,

$A=3260(1+\frac{0.0355}{12})^3=3289.01817638\approx 3289.018$

Hence, the total interest earned,

I = A - P =3289.018 - 3260 = $ 29.018

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3 years ago

Describe the agencies that ensure properties abide by regulations.

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<h3>What are regulatory agencies?</h3>

It should be noted that regulatory agencies are the independent governmental agencies that are established in order to set standards in a specific field.

In this case, the agencies that ensure properties abide by regulations are known as regulatory agencies.

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1 year ago

Which of the following illustrates how marketing has a direct impact on consumers? Multiple Choice Marketing creates long-lastin

bogdanovich [222]

Answer:

Marketing helps consumers learn about new products and services.

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Market is the process of promotion of buying and selling of product / services. it creates a relationship with the consumers because it is used to attract the customers towards the product or service. Business wants to approach the consumers and Inform them about the product or service. In a competitive market a consumer has many choices. An effective marketing may gain the loyalty of the consumer.

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3 years ago