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sergejj [24]
4 years ago
13

The price of tickets for a Rolling Stones concert is $50. At that price, tickets sell out almost immediately. After tickets sell

out, there are over 20,000 people who still want to buy tickets to the concert at the $50 price. It follows that:_________.
a. the market equilibrium price of tickets to the concert is $50.
b. the market equilibrium price of tickets to the concert is less than $50.
c. the market equilibrium price of tickets to the concert exceeds $50.
d. at the $50 price, there is a surplus of tickets on the market.
e. both (c) and (d).
Business
1 answer:
lozanna [386]4 years ago
8 0

Answer:

c. the market equilibrium price of tickets to the concert exceeds $50

Explanation:

Markets are at equilibrium when Market Demand = Market Supply and downward sloping demand curve, upward sloping supply curves intersect.

As mentioned : At Price = $50, demand of the product still exists after market clearing. This implies there is case of Excess Demand at prevalent price. This case happens when actual price < equilibrium price , because demand is more & supply less at lower prices

So: Actual price $50 is less than the market equilibrium price (which should be rather higher), equalising market demand & market supply - which should be rather higher.

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​_____ is the industry term for inventory and cash losses from shoplifting damage to​ merchandise, and employee theft.
vichka [17]

Answer:

correct answer is C. Shrinkage

Explanation:

Shrinkage is industry term for an inventory and the cash losses

because shrinkage is difference between the record inventory and actual inventory so that shrinkage is the loss of an inventory and some factor that is attribute like vendor is fraud , employee theft or cashier errors or could be administrative error etc

so here correct option is  C. Shrinkage

7 0
3 years ago
Hypotension in a child with blunt or penetrating trauma is particularly significant because?
kifflom [539]

Hypotension in a child with blunt or penetrating trauma is particularly significant because it often indicates the loss of half of his or her blood volume.

<h3>What is a Hypotension?</h3>

This refers to the decrease in systemic blood pressure below accepted low values. There is no accepted standard hypotensive value, but any pressures less than 90/60 are recognized as hypotensive.

Therefore, the condition is significant because it often indicates the loss of half of his or her blood volume.

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6 0
2 years ago
2. If you run out of legal pads at home and there are several cases of legal pads at work, what
Tresset [83]

We have to ask our coworkers if they think it is okay if we take one.

Option C

<u>Explanation: </u>

In work ethics, workers are not permitted to work stationary for home use because the content is meant to be used for workplace purposes. A legal pad can be removed without permission from school, and stealing should therefore be discouraged. Consult with the store man in charge to permit you to take the office to be used at home.

In fact, materials at work are designed to enable people to do their job. Therefore you don't just steal items, you also every the workplace's capacity. And afterwards the time comes for the individual to work with the supplies that were missing. You rob profitability, thus.

7 0
3 years ago
Read 2 more answers
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adoni [48]

Answer:

Production 830,000

Explanation:

$$Beginning Inventory + Purchase = Ending Inventory + COGS

- FG(units)

Beginning 31,000

Ending 81,000

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Production 830,000

<em>sales + ending - beginning = production</em>

<em />

We are asked for the finished good units to produce.

The raw materials are irrelevant in this question.

4 0
3 years ago
Please select the best answer from the choices provided A situation in which quantity demanded is greater than quantity supplied
Black_prince [1.1K]
<span>A situation in which quantity demanded is greater than quantity supplied best describes shortage. Shortage is when any product or service lacks the means to provide or satisfy its demand. A shortage in the product or service usually results to a price increase. On the other hand, a surplus results to a price decrease.</span>
5 0
4 years ago
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