Option D
In the short-run, if there is a surplus in the market for a product, the rationing function of price can be expected to cause: a decrease in the market price of the product.
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Explanation:</u></h3>
When quantity provided surpasses quantity required, a surplus endures. If the value goes up, the amount of necessitated goes downward. If the price drops, the quantity required raises. Price ceilings limit a price from growing beyond a particular level.
When a price ceiling is fixed under the equilibrium price, the amount required will pass quantity fulfilled, and excess demand or deficits will result. Price floors block a price from dropping below a reliable level. When a price floor is fixed beyond the equilibrium price, the measure supplied will exceed the quantity needed, and excess stock or surpluses will happen.
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Answer:
P5 = 10.41
Explanation:
To calculate the stock value with dividends for the fifth year the following formula would be used:
The first Dividend Paid.- G = Growth Rate.
- R = Required Return.
$1.15
Growth Rate = 12.3%
R = 0.75%
P5 = ?
- Substituting the values in the formula
Answer:
Raw materials used during November was $34,800.
Explanation:
The formula for Raw Materials Used is given below:
Opening Raw Materials + Purchases - Closing Raw Materials = Raw Materials Used
Putting Values:
⇒ Raw Materials Used = 7,600 + 31,500 - 4,300 = $34,800.
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