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vitfil [10]
3 years ago
7

Suppose you produce T-shirts, and you are charging less than the equilibrium price. By buying all of your products and demanding

more, consumers are pressuring you to _____ your supply of T-shirts.
increase
decrease
keep constant
Business
2 answers:
snow_tiger [21]3 years ago
6 0
Increase would be the answer
MrRissso [65]3 years ago
6 0

Answer:

Increase

Explanation:

The equilibrium price is the price at which supply equals demand. By charging a price lower than equilibrium, demand will rise as prices are lower than they should be. In this case, consumers will increase demand for T-shirts, pushing demand and, consequently, pressure to increase the amount of T-shirts produced.

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QS 5-3 Merchandise accounts and computations LO C2 Kleiner Merchandising Company Accumulated depreciation $ 700 Beginning invent
irakobra [83]

Answer:

a.  $8,900

b.  $7,200

c.  $2,300

d.  $850

Explanation:

<u>Goods Available For Sale Calculation :</u>

Beginning inventory             5,000

Add Net Purchases               3,900

Goods Available For Sale     8,900

<u>Cost of Goods Sold Calculation :</u>

Goods Available For Sale     8,900

Less Ending Inventory          (1,700)

Cost of Goods Sold               7,200

<u>Gross Profit Calculation :</u>

Net Sales                               9,500

Less Cost of Goods Sold     (7,200)

Gross Profit                            2,300

<u>Net Income Calculation :</u>

Gross Profit                            2,300

Less Expenses                      (1,450)

Net Income                               850

6 0
3 years ago
Which statement best describes a musical motive?
arlik [135]

the answer is b im not too sure tho

4 0
4 years ago
Read 2 more answers
For a particular good, a 12 percent increase in price causes a 3 percent decrease in quantity demanded. Which of the following s
Charra [1.4K]

Answer:

b.The good is a necessity

Explanation:

The price elasticity of demand = percentage change in quantity demanded/ percentage change in price

3% / 12% = 0.25

When the coefficient of elasticity is less than one, demand is inelastic.

Inelastic demand means that when price increases, there is little or no change in quantity demanded.

Necessity goods are goods that are very important to consumers and thus they tend to have an inelastic demand. For example, medications.

Substitute goods are goods that can be used in place of another good because of their similarity. E.g. butter and margarine

Goods with many substitutes have an elastic demand. If price of a good increases, consumers can easily shift consumption to substitute goods.

Narrowly defined goods have an elastic demand because it is easier to find subsituites for such goods.

Demand is more elastic in the long run because consumers have more time to search for substitutes.

I hope my answer helps you

3 0
3 years ago
Marco is a Latino who lives in Boston, Massachusetts. Over the years, he has noticed that more stores in his community specializ
boyakko [2]

Answer:

<u>the trend of more Latino immigration </u>

Explanation:

The stores have identified a market opportunity because of the increase in Latino immigrants in Boston, Massachusetts.

Note that when a significant amount of a population come from a certain ethnic group, demand for ethnic products is more likely to increase. Thus, this has made Marco feel very much at home.

3 0
3 years ago
Scarcity is the most basic problem in economics true or false
Rasek [7]
True.

I hope this helps! :)
5 0
3 years ago
Read 2 more answers
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