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
Nostrana [21]
3 years ago
15

What happens to the equilibrium price when supply go down

Business
1 answer:
MAVERICK [17]3 years ago
4 0
A
The price goes up because when something’s supply goes down, the price goes up assuming the demand hasn’t changed
You might be interested in
Which of the following assets must be reported at the​ lower-of-cost-or-market value? A. Merchandise Inventory B. Accounts Recei
neonofarm [45]

Answer:

The correct answer is letter "A": Merchandise Inventory.

Explanation:

Lower-of-cost-or-market value is a strategy by which the costs of inventory on the company's Balance Sheet is reported at historical value -purchase cost- or market value, whatever it is lower. The lower-of-cost-or-market approach considers the value of inventory can change, meaning it can increase but it can decrease as well. For both purposes, the lower-of-cost-or-market value can be used. This technique follows the Generally Accepted Accounting Principles (GAAP).

Therefore, <em>merchandise inventory, which can fluctuate in price during a period, is reported using the lower-of-cost-or-market value method.</em>

6 0
3 years ago
Which of these lenders would be least likely to approve a short sale? unset starred question conventional lenders credit unions
Semenov [28]

Junior Lenders would be least likely to approve a short sale.

What is a junior interest?

Junior Interest means a performing junior participation interest in a stabilized or transitional senior commercial, multifamily fixed or floating rate mortgage loan secured by a first lien on multifamily and commercial properties or a subordinate portion of a Senior Mortgage Loan evidenced

Is a take out loan the same as junior mortgage?

A junior mortgage is a second mortgage loan that you take out against your home's equity using the property as collateral. A junior mortgage assumes that you already have a mortgage that's also secured by the home. A junior mortgage forms a second lien against the property.

Learn more about junior lender:

brainly.com/question/1344597

#SPJ4

4 0
1 year ago
Which NIMS Management Characteristic involves using standardized names and definitions for major organizational functions and un
mylen [45]

Answer:

The correct answer is c) Common Terminology

Explanation:

NIMS establishes a common terminology to work cooperatively with other organizations in some emergency scenarios, this is used to avoid confusion.

The common terminology usually is implemented in Organizational Functions (named by standard names), Resource Descriptions (named by capabilities) and Incident Facilities (common terms for clarity in an incident)

8 0
2 years ago
Reliance Corporation sold 4,500 units of its product at a price of $20 per unit. Total variable cost per unit is $11.00, consist
BaLLatris [955]

Answer:

$40,500

Explanation:

A Companies Contribution Margin is a product's price minus all associated variable costs, this final value gives the products incremental profit earned for each unit sold. Therefore in this scenario, the Contribution Margin for the company is as follows

(4,500 * $20) - (4,500 * $11)

$90,000 - $49,500

$40,500

Therefore the final Contribution Margin for the company is $40,500 dollars.

8 0
3 years ago
The BobCat Inc. reported gross sales of $100,000, sales returns and allowances of $5,000, and sales discounts of $2,000. The com
Y_Kistochka [10]

<u>Answer:</u>0.775 times

<u>Explanation:</u>

Given

Gross sales          100000

Sales returns             5000

Sales discounts         2000

Tangible assets        25000

Average total assets 120000

Calculation of assets turn over ratio

Assets turnover ratio = Net sales / Average total assets

=(100000-5000-2000)/120000

=0.775 times

Assets turnover ratio is 0.775 times

Gross sales is the sales made by the company but net sales is where the actual value of sales has happened after the rebates, allowances and discounts. Assets turn over ratio is used to measure the company's abilities to utilize its assets efficiently in generating sales income to the company.

4 0
2 years ago
Other questions:
  • Santana Rey, owner of Business Solutions, decides to prepare a statement of cash flows for her business using the following fina
    10·1 answer
  • Which action can hurt your credit score? I. Paying your phone bill late. II. Taking the bus to work. III. Maxing out several cre
    10·2 answers
  • During its first year of operations, Forrest Company paid $44,760 for direct materials and $50,600 in wages for production worke
    5·1 answer
  • An MNC uses which international strategy for entering a foreign market by simply shipping goods produced in the company's home c
    10·1 answer
  • The market price of pizzas in a college town decreased recently, and the students in an economics class are debating the cause o
    12·1 answer
  • You work in the human resource department at the headquarters of a multinational corporation based in the US. Your company is ab
    13·1 answer
  • Fv fnhbcxghjvpointsvfhbvgfchnxcjhvcjmncvhbxdxdxdxdxxdxdd
    6·2 answers
  • You are considering opening a new plant.
    7·1 answer
  • An existing electrical power line needs to have its capacity increased, and this can be done in either of two ways. The first me
    10·1 answer
  • 1. Should you have a separate checking and saving account?
    7·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!