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
svlad2 [7]
3 years ago
6

Which of the following is true about how the "invisible hand" influences economic activity through prices when a product has low

er demand than supply?​
a. ​The price must increase, causing less buyers to buy and less sellers to sell.
b. ​The price must increase, causing less buyers to buy and more sellers to sell.
c. ​The price must decrease, causing more buyers to buy and less sellers to sell.
Business
1 answer:
Virty [35]3 years ago
8 0

Answer:

The correct answer is c.

Explanation:

Since the point the text is mentioning is above the equilibrium point, we know that the Demand is lower than it should be, while supply is bigger.

In order to increase the demand and lower the supply, we need to decrease the price to the equilibrium price. This will increase the demand and lower the supply making them intersect and reach the equilibrium point, a point that the invisible hand is influencing.

I hope this helps!

You might be interested in
Closing entries are required: Multiple Choice If management has decided to cease operating the business. Only if the company adh
vodomira [7]

Answer: So that Revenue, expense, and dividends accounts must begin each period with zero balances

Explanation:

8 0
3 years ago
Why is investing in a mutual fund less risky than investing in a particular company’s stock?
MrRissso [65]
A mutual funds only invest in blue-chip stocks
8 0
3 years ago
Read 2 more answers
What determines how the burden of tax is divided between buyers and sellers? Why?
Artemon [7]

Answer:

Explanation:

Taxation is the means by which the government  gets most of its  revenue so it is the duties of private or publicly owned organizations and also the citizen to pay their taxes used by the government to fund all its projects. the taxes generated by the government are then divided among buyers and sellers.

The elasticity of demand is the main determinant of how burden of tax is divided between buyers and sellers.

6 0
3 years ago
Read 2 more answers
According to the most recent data available, there are approximately ____ noncustodial mothers in the united states.
kodGreya [7K]
<span>According to the most recent data available, there are approximately two million noncustodial mothers in the united states.
</span>

<span>A custodial parent is the term for a parent who has lawful and physical guardianship of their kid. There are around 13.7 million single guardians in the United States. Of these single parents, 84% of custodial guardians are moms and 16% are fathers. A non-custodial parent does not have legitimate or physical guardianship of their kids, which is typically chosen by a court. Half of non-custodial moms are thoroughly default on help, which implies they struggle or can't pay for the help their families need.</span>

3 0
3 years ago
If a gain of $221000 is realized in the cash sale of a building having a book value of $882000, the total amount reported in the
djyliett [7]

Answer:

$1,103,000

Explanation:

The cash flow statement categories the company's transactions in a financial period into 3 groups; these are operating, investing and financing.

The net profit/loss, depreciation, changes in current assets (other than cash) and liabilities are considered as operating activities including income taxes.  

The sale of assets, interest received, purchase of investments are examples of investing activities while the issuance of stocks, debt principal deduction (loan settlement), issuance of debt securities etc are examples of financing activities.

For assets disposed, the amount received from the disposal is the amount recorded as an investing activity.

Amount received  - Book value of asset = Gain on disposal

Amount received = $221000 + $882000

= $1,103,000

8 0
3 years ago
Other questions:
  • Throughout the process of establishing its strategy, Acer’s leadership has monitored the strategies of HP and other PC manufactu
    8·1 answer
  • In the 1980s, Japanese competitors brought better-quality chips to the market at lower cost, threatening Intel Corporation's pos
    12·1 answer
  • burger king, the resaurant chain, sold a store location to mcdonalds. How can burger king determine the sale price of the sotre
    9·1 answer
  • How could the federal reserve system help guard the u.s. economy against economic instability
    5·1 answer
  • If investors receive a 6% interest rate on their bank deposits, what real interest rate will they earn if the inflation rate ove
    15·1 answer
  • Northwest Building Products (NBP) manufactures two lumber products from a joint milling process: residential building lumber (RB
    9·1 answer
  • Please help! I am using plato! :))
    15·1 answer
  • I have 2 questions and I need help. I am giving 20 points, 10 for each question.
    14·1 answer
  • Mr. and Mrs. Nabulsi are 44 and 41 years old, respectively. They have two children, 14 and 16 years old. They are successful and
    15·1 answer
  • Why might a business person purchase a fidelity bond?
    12·2 answers
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!