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
mixer [17]
3 years ago
15

Why would a free market never operate at a quantity greater than the equilibrium quantity? Hint: What would be required for a tr

ansaction to occur at that quantity?
Business
1 answer:
Volgvan3 years ago
3 0

Answer:

This is because in a free market, the prices of goods and services are determined by market forces, and the price mechanism will always keep the market at equilibrium.

Explanation:

The free market is a market without government intervention, equilibrium price and quantity are determined by the interaction of the market forces, also called price mechanism , which Adams Smith referred to as the invisible hands in the market.

The free market cannot operate outside the equilibrium because, the market forces will always keep the market towards equilibrium. Even if equilibrium is distorted, as a result of any shock, the market forces will bring the market towards equilibrium all things being equal, except there is market failure.

a free market is a market in which prices of goods and services are set by demand and supply and are allowed to reach their point of equilibrium without government intervention

You might be interested in
Why is education considered as foundation of any proffession.
olchik [2.2K]

Answer:

because you need to know certain things to be able to understand and properly do a job

Explanation:

3 0
3 years ago
Mark brainliest:/
galina1969 [7]

Answer:

B, reduced supply of labor, higher wages

Explanation:

Government laws have a minimum wage that has to be earned by the company to employ a person.

5 0
3 years ago
Read 2 more answers
_______ are fasteners that connect parts and are intended to resist pulling forces.
lyudmila [28]
The correct answer for the question that is being presented above is this one: "d. Extension springs." Extension springs are fasteners that connect parts and are intended to resist pulling forces. They are designed to resist pulling forces. They are also known as <span>a </span>tension spring<span>, are helical wound coils, wrapped tightly together to create </span><span>tension.</span>
5 0
3 years ago
Bramble Corp. factors $7200000 of its accounts receivables with recourse for a finance charge of 5%. The finance company retains
saul85 [17]

Answer:

See below

Explanation:

Given the above information, first we'll compute net proceeds

Cash received $7,200,000 × 86%

$6,192,000

Add:

Due from factors $7,200,000 × 9%

$648,000

Less;

Recourse obligation

($5,000)

Net proceeds

$6,835,000

5 0
3 years ago
The of accounts receivable method uses several percentages to estimate the allowance.
Tatiana [17]

Answer:

<em>The </em><u>aging</u><em> of accounts receivable method uses several percentages to estimate the allowance.</em>

Explanation:

An account of receivable aging report lists customer account balances by length of time outstanding.

6 0
2 years ago
Other questions:
  • Orders placed for buying shares of a mutual fund any time up to 4:00 p.m. are priced at that day’s net asset value (NAV), and or
    9·1 answer
  • How long will it take to pay off a loan of ​$50,000 at an annual rate of 9 percent compounded monthly if you make monthly paymen
    7·1 answer
  • Arona Corporation manufactures canoes in two departments, Fabrication and Waterproofing. In the Fabrication Department, fibergla
    10·1 answer
  • Matching is:________.
    6·1 answer
  • Porter's Five Forces framework has been around since the 1980's and has been very effective in evaluating industry attractivenes
    15·1 answer
  • Which of the following methods seeks to effect positive change in processes and organizations by using a set of practical tools
    13·1 answer
  • You need a 25-year, fixed-rate mortgage to buy a new home for $315,000. Your mortgage bank will lend you the money at an APR of
    6·1 answer
  • Michael’s Bakery had $236,400 in net fixed assets at the beginning of the year. During the year, the company purchased $53,200 i
    5·1 answer
  • Gary and Diane must prepare a presentation for their marketing class. As part of their presentation, they must do a series of ca
    14·1 answer
  • "Emergency contact must be someone other than the primary parent/guardian.", who should an emergency contact be?
    7·2 answers
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!